International and national features of implementing blockchain technology in insurance DOI
Mykola Stetsko,

Pavlo Dziuba,

Volodymyr Kovalchuk

et al.

Ukrainian Journal of Applied Economics and Technology, Journal Year: 2025, Volume and Issue: 2025(1), P. 349 - 354

Published: Jan. 29, 2025

The article identifies key ways blockchain fundamentally transform the financial services industry. position argues that active implementation of digital technologies, especially blockchain, is a progressive phenomenon stimulates economic processes, enhances transparency and fraud protection, provides benefits to all market participants. work demonstrates trends in global technology market, indicating Public Cloud will be most profitable segment technologies future. It has been proven use sector, besides its advantages, also significant drawbacks. Examples real applications cases insurance are presented demonstrate strong points capabilities technology. problems obstacles applying Blockchain sector highlighted presented, proving certain circumstances arising providing can accelerate adoption Instances where necessary an important tool identified. To provide clearer understanding FinTech particularly Blockchain, examples companies worldwide successfully integrate such into their operations provided. argued business uses this reduce costs offer clients higher quality more appealing services, as ease convenience accessing information time savings. Similar allow assess trustworthiness transaction tools positively impact institutions by improving activity, enhancing transparency, speeding up settlements, reducing costs, more. Digital shape space, facilitating creation new assets limiting centralized intervention circulation. Keywords: innovation, decentralization, technology, management, company, tools, security.

Language: Английский

International and national features of implementing blockchain technology in insurance DOI
Mykola Stetsko,

Pavlo Dziuba,

Volodymyr Kovalchuk

et al.

Ukrainian Journal of Applied Economics and Technology, Journal Year: 2025, Volume and Issue: 2025(1), P. 349 - 354

Published: Jan. 29, 2025

The article identifies key ways blockchain fundamentally transform the financial services industry. position argues that active implementation of digital technologies, especially blockchain, is a progressive phenomenon stimulates economic processes, enhances transparency and fraud protection, provides benefits to all market participants. work demonstrates trends in global technology market, indicating Public Cloud will be most profitable segment technologies future. It has been proven use sector, besides its advantages, also significant drawbacks. Examples real applications cases insurance are presented demonstrate strong points capabilities technology. problems obstacles applying Blockchain sector highlighted presented, proving certain circumstances arising providing can accelerate adoption Instances where necessary an important tool identified. To provide clearer understanding FinTech particularly Blockchain, examples companies worldwide successfully integrate such into their operations provided. argued business uses this reduce costs offer clients higher quality more appealing services, as ease convenience accessing information time savings. Similar allow assess trustworthiness transaction tools positively impact institutions by improving activity, enhancing transparency, speeding up settlements, reducing costs, more. Digital shape space, facilitating creation new assets limiting centralized intervention circulation. Keywords: innovation, decentralization, technology, management, company, tools, security.

Language: Английский

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