Blockchain

If bitcoins are not money and bitcoins are not property, what are they? How does one prove ownership?

Blockchain technology is like a three-trick pony -- but can perform the tricks with great speed, accuracy and scalability.

One driver of blockchain technology could be great for insurance; the other may be systemically toxic to everything insurance stands for.

It is crucial to understand when a blockchain can be useful -- and when it cannot. Here is a primer.

Centralized databases scale at the speed of bureaucracy. Blockchain can easily scale way up to huge transactions or down to tiny ones at no cost.

While electrons move at the speed of light, many systems remain limited to the speed of bureaucracy. Blockchain will change that.

There is good news and bad news. The solution is to align insurance with engineering on a shared database.

Blockchain brings into doubt the effectiveness of the most fundamental foundation of commerce today: double-entry bookkeeping.