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Collected papers of Šibenik College, Vol. 14 No. 1-2, 2020.

Professional paper

BLOCKCHAIN TECHNOLOGY IN INSURANCE

Nemanja Budimir orcid id orcid.org/0000-0001-9916-6729 ; Fondacija “Andrej Budimir”, Banja Luka, Bosna i Hercegovina

Full text: croatian pdf 114 Kb

page 171-181

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Abstract

Modern application of the Blockchain technology is the center of attention of technology and economy sectors. Blockchain is the latest catalyst for transformation, with the potential to become the most significant digital trend in this and the coming decades. This technology can be said to have the potential to affect the entire chain of insurance processes, from data collection, risk analysis, pricing or premiums, issuing policies, processing payment claims and the like. In first chapter we will define Blockchain. After that we will describe basic of Blockchain technology. The focus of the paper is on the possibilities of applying this advanced technology in the insurance industry and its impact on insurance.

Keywords

Blockchain, insurance, smart contract, Internet of things (IoT), transactions.

Hrčak ID:

241621

URI

https://hrcak.srce.hr/241621

Publication date:

27.7.2020.

Article data in other languages: croatian

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