simultaneous access to a single dataset with reliability and traceability .”
Other experts think there ’ s still some time before blockchain can be fully relied upon . Briana Marbury , Executive Director at the Interledger Foundation , said , “ Blockchain is not a well-established technology that has been around long enough to have accompanying frameworks to address a multitude of use cases and has recently been heavily scrutinised by the government as they explore ways to regulate even the most well-known uses of the technology . This means the current reporting requirements imposed on blockchains don ' t necessarily align with the privacy and protection requirements of the insurance industry and will therefore have to be created . We all know the rate at which this happens can sometimes be described as sluggish at best , especially in a heavily regulated industry such as insurance .”
Integrating such a sophisticated technology will not happen anytime soon , nor without cloud-native , API-based solutions or third-party providers . There are
74 January 2022