This paper is part 1 of 2 we have authored on the topic of blockchain. Part 1 delves into more detail on the technology of a blockchain and how it operates.

This paper is part 2 of 2 on the topic of blockchain. Part 1 provides technical insight on the blockchain technology that is the foundation of the Bitcoin and Ethereum cryptocurrencies, one of the most recognizable applications of blockchain technology. Part 2 is less technical as it reviews different types of blockchain platforms, business applications using this technology and how it may soon revolutionize certain enterprise and consumer transactional processes.

Ransomware has featured prominently in the news over the last few years. Hospitals, municipalities, businesses, law enforcement agencies, individuals and even entire regions of the world have been affected by it. Some have paid the ransom and recovered their computer data; others have lost their data forever.

When asked what insurance does, most people are likely to say that it provides protection against financial aspects of a premature death, injury, loss of property, loss of earning power, legal liability or other unexpected expenses. All that is true.

This study was published by NetDiligence whose objective is to provide reliable, insightful, rigorous and informed analysis from consolidating claims data from insurers.