Blockchain: Implications for the Banking and Insurance Industries

Phone: 650.723.2465
Fax: 650.725.0253

Type: Informal guidance
Date: 01/15/2019
Agency: Vermont Department of Financial Regulation
Jurisdiction: United States Vermont
Type of Law: Comment/Commentary
Status: Existing
Official URL: External link

This report attempts to provide a neutral overview of the technology, its virtues and its risks. It recommends an approach that recognizes that, while blockchain technology could potentially change the way many firms do business, it is still very new and evolving, and has not yet been adopted broadly within either the banking or insurance industry.