Insurance, The Blockchain, and The Sharing Economy: Re-Imagining InsuranceTech with P2P Social Insurance Networks on the Blockchain.
We all want to help one another. Human beings are like that. We want to live by each other’s happiness – not by each other’s misery. We don’t want to hate and despise one another. In this world there is room for everyone. And the good earth is rich and can provide for everyone. The way of life can be free and beautiful, but we have lost the way
Charlie Chaplin, the Great Dictator
“Friendly Societies” or “Collaborative Communities” was the original model of the insurance business. However, the modern problems associated with the insurance business can be somewhat attributed to corporate centralization, state controls, and constructive policy decisions. Continue reading