Take a closer look at Blockchain technology

September 15, 2016

There’s been a lot of noise recently about bitcoin, blockchain, and cryptocurrency. Some of it is hype, but some of it points to important forces in the financial services industry. So what does it all mean?Let's start with some quick definitions. Blockchain is the technology that enables the existence of cryptocurrency (among other things). Bitcoin is the name of the best-known cryptocurrency, the one for which blockchain technology was invented. A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds.

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Discover B2B digital payments using cryptocurrencies, where secure transactions are backed by blockchain, enabling trust and independent verification.

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As the UK's biggest business insurance broker we offer you a range of tailored business insurance quotes to compare from leading business insurers. Flexible covers include public liability insurance and more. Buy online, and you can be instantly covered with access to your insurance policy documents...

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