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The usage of enabling technologies of industry 4.0: blockchain in the insurance sector

Proceeding
All-Russian Scientific Conference «Socio-Economic Processes of Modern Society»
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Published in:
All-Russian Scientific Conference «Socio-Economic Processes of Modern Society»
Author:
Pavel V. Malyzhenkov 1
Work direction:
Вопросы социально-экономической эффективности предприятий
Pages:
91-93
Received: 25 September 2023

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Article accesses:
730
Published in:
РИНЦ
1 FGAOU VPO "Natsional'nyi issledovatel'skii universitet "Vysshaia shkola ekonomiki"
For citation:
Malyzhenkov P. V. (2023). The usage of enabling technologies of industry 4.0: blockchain in the insurance sector. Socio-Economic Processes of Modern Society, 91-93. Чебоксары: PH "Sreda".

Abstract

The growth in the number of online payments and transactions in financial markets is exacerbating problems of personal data safety and identity security, which increases the demand for data encryption technologies. While demanding safer and better financial services, not all users are willing to pay high transaction costs. Distributed ledger technology can reduce costs and also increase the reliability of any type of transaction. In the future, such technology can completely transform the financial sector and significantly reduce the role of intermediaries

References

  1. 1. Baliga, A., Subhod, I., Kamat, P., & Chatterjee, S. (2019). Performance Evaluation of the Quorum Blockchain Platform. Open access paper, 8.
  2. 2. Buchman, E., Kwon, J., & Milosevic, Z. (2019). The latest gossip on BFT consensus. Open access paper, 14.
  3. 3. Damgard, I. Nielsen, J.B., & Orlandi, C. (2018).Secure distributed systems. Electronic book, 332.
  4. 4. Cachin, C. (2017). Blockchain, cryptography, and consensus. Switzerland, Geneva, 38.

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