NO.3 Basic areas of applications of Blockchain in insurance industry include subject matter, event(time and space), and enforcement. Mutual insurance and reinsurance will become the typical application scenarios.
NO.4 With the logic and characteristics of Blockchain technology, the value and sprit of Blockchain application are to address the “pain point” and “difficultpoints” in the development of the industry. Farfetched conclusions should be avoided, as well as nominalization of conception and dwarfing of standard.
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