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The potential for blockchain to deliver substantial value to financial services is enormous. Not only does blockchain offer the promise of cost reduction and efficiency, but it could also enable revenue growth, as insurers attract new business through higher-quality service. Built alongside the Z/Yen and PwC report ‘Chain Reaction: How Blockchain Technology Might Transform Wholesale Insurance,’ this video explores the blockchain proof of concept developed for the wholesale insurance industry by the PwC UK blockchain lab.
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