Financial Times: Blockchain is expected to help solve the pain points of the insurance industry

On November 13, the Financial Times published "The blockchain is expected to help solve the pain points of the insurance industry." The article said that the introduction of blockchain technology can further prevent information asymmetry and trust risks, both for insurance companies and consumers, can effectively reduce costs and improve the overall service quality of the insurance industry. In addition, the blockchain has more room for development in smart contracts, personalized insurance, property insurance, reinsurance and accident insurance, and there is still more potential to tap.