Using blockchain for insurance continues to grow and develop, but the technology is one with both supporters and detractors. In this episode of Critical Point – the second in our series on blockchain – Milliman consultants Shea Parkes and Anders Larson discuss hashing and public key cryptography. The two concepts are foundational to blockchain, and understanding their function is critical when thinking about how this technology might apply to the insurance industry. Shea and Anders set the stage for a more in-depth look at how blockchain might be used in insurance, including smart contracts, potential use-cases, anti-patterns, and alternatives.
You can read the episode transcript on our website.