The blockchain revolution - what does it really mean for the marine insurance business?
Blockchain. Everyone will tell you it’s important, everyone talks about how it will change the way we do business … and a very large percentage of those same people will secretly admit that they’re struggling to understand what it actually is.
So what’s in it for us?
Jack Hatcher, Legal Director in Hill Dickinson’s marine, trade and energy team and a specialist in this area, lists speed, efficiency, transparency and reduced costs as benefits.
"Rather than see all this as a threat, intermediaries need to get in early and see how they can benefit from and support this technology"