Blockchain trends in Europe – education and the insurance market

Blockchain trends in Europe – education and the insurance market

Blockchain Trends In Europe - Education And The Insurance Market Last week the Federal Government of Germany decided on a new blockchain strategy. This also included education with the “IMPact Blockchain Trender I Europa - Utbildning Och FörsäkringsmarknadenDigital” project. Where the goal is to provide safe digitalisation and administration of certificates. As some of the main benefits of blockchain technology within education (and other sectors) is that it decentralizing the management of confirming the accuracy of information and increasing security on the Internet. 

European blockchain solution for digital certificates

The IMPact Digital is a part of the European Chain Alliance DigiCerts. It is an alliance of renowned research institutions from all over Europe to develop a European blockchain solution for digital certificates. Where the main aim is to provide a basis for fast and secure recognition processes for students studying abroad. 

Blockchain trends in Europe on the insurance market

According to a new report Europe’s blockchain technology market is expected to grow at a CAGR of 35.8% between 2018-2023. And it will generate global revenue of €3.9 Bn by 2023. The insurance market is one sector is expected to grow fastest. Where Europe dominates the global insurance market with five major European insurance companies – Allianz, Aegon, Munich Re, Swiss Re and Zurich. All these companies have taken up the Blockchain initiative to provide faster and secured services to their clients. 


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