Skip to main content

Blockchain Technology and Data Protection in European Insurance Sector

Huge adoption rate of blockchain technology made many institutions think rather how to legalize and regulate it rather than how to ban it.
The latest addition is the insurance, the regulation was accepted by a number of European countries that have been partnering to provide a simple insurance package to insure simple transfers between clients. a good step forward for a technology that is for now not regulated otherwise.
The newest regulation will come in force in 2018. According to it, customer data will be stored in a highly secured system. According to the new law, companies that don’t provide a proper protection for customer data will be fined heavily.
The blockchain platform though is able to do something that others platforms aren’t able to provide regarding data protection. The system is limiting data release of clients to the minimum, with that, the blockchain platform is able to provide something exceptional in data protection, that can be used as a reference by the other systems & platforms.

Related Posts:

  1. Bloomberg Reports: Wealth Managers Are Requested to Buy Bitcoins
  2. Blockchain and Apple
  3. BitcoinIRA – New View
  4. Is China Returning to Cryptocurrency?
  5. SegWit2x Is a Threat to Bitcoin? Xapo Knows Better
  6. Bitcoin is a Fraudster, but It Can Bring Money

Comments

Post a Comment

Popular posts from this blog

Bitcoin Price Grows Above 8,000USD!

Bitcoin price  grew to 8,000USD level, and this is not the end yet. Just some time ago, after the main threat for  bitcoin , SegWit2x failed,  bitcoin price  surged from 7,200USD to 7,800USD. Just a few days after that though  bitcoin  dropped to 5,500USD, while  bitcoin  cash grew from 600USD to 2,600USD. Right at that moment, many  bitcoin s were exchanged to bitcoin cash, this, in turn, made the fees grow enormously. Though, the bitcoin cash start time hasn’t lasted long. After it dropped in price, bitcoin miners started returning to bitcoin, hence, the digital coin price started growing. though, scalability and regulation issues are still unsolved. Related Posts: Bitcoin Trades Sideways As Investors Look To China  (2) Bitcoint Strengthens Its Positions  (2) Government of Crimea fired for bitcoin mining  (2) The First Blockchain Government in the World: Dubai  (2) CEO of Mt. Gox Marc Carpeles Can Get More than ...
Post a Comment
Read more

Brazilian Police Arrest ‘Digital Currency’ Pyramid Scheme

On September 21, as indicated by neighborhood production G1, Brazil’s Civil Police brought down a fraudulent business model in light of a phony  computerized cash  named Kriptacoin. In Goiâna and Distrito Federal, 11 suspects were captured for commercializing the false money, and two are still on the loose. 18 court orders have been issued. >>>>  https://hotcryptobuzz.com/brazilian-police-arrest-digital-currency-pyramid-scheme/ Bitcoin Is Reaching Critical Mass?  (3) Bitcoin Trades Sideways As Investors Look To China  (3) Popularity of Crypto Debit Cards Will Encourage Mainstream Adoption  (2) Bitcoin Scaling – Is It Too Bold?   (2)
Post a Comment
Read more

Hyperinflation of National Currency Can Be Advantageous – Venezuela

Venezuela is turning into a  cryptocurrency , in particular into  bitcoin  country. So much, that Local Bitcoin s, a decentralized  bitcoin  exchange, is announcing a fourfold because of this. This means, that  digital currency has increased in popularity in the country and abroad enormously. According to the report provided by the company, the trading volume of  bitcoin  in Venezuela increased to 40 bln of bolivars, while before the boom it was just 9 mln of bolivars. This increase though was possible thanks to the absence of regulation that could control the  cryptocurrency transfers. One more reason for such boom is the  hyperinflation  of national currency and practically the collapse of banking system.  >>>  https://hotcryptobuzz.com/hyperinflation-national-currency-can-advantageous-venezuela/ Related Posts: Bitcoin Trades Sideways As Investors Look To China  (3) Cryptocurrency Debit Cards are Be...
Post a Comment
Read more