2020 is destined to be an unforgettable year. The global pandemic is raging, international trade exchanges are drastically reduced, offline business is experiencing an ice age, and online ecosystems developing rapidly. Then came the so-called new generation of "Internet of Value".

The reason why it is called the "Internet of Value" is of course inseparable from the reform of the value system. The fundamental reason is the development and application of "blockchain technology", which has turned the Internet into a new carrier of value. Blockchain related industries have also become a huge market. Among thousands of industries, the insurance industry is one of the industries closest to realizing the implementation of blockchain. As the insurance industry require high data credibility, the insurance claims mechanism can be changed through the characteristics of the blockchain.

“BLOCKCHAIN INSURANCE GLOBAL” takes the lead in making a breakthrough, linking the blockchain technology to the insurance industry. This year has been a breeze, not only because it is taking advantage of the eruption of the online business ecosystem, but also because blockchain is ideal for insurance.

Looking back on the past and looking to the future

At this moment, while preparing for the upcoming 2021, we may wish to review the incredible 2020 together and look forward to the development prospects and directions of the cryptocurrency market in 2021.

Although the pandemic has affected the global economy, the cryptocurrency market quickly resumed growth. After Bitcoin fell below $4,000 in March, it slowly consolidated and climbed. In the last month of 2020, the price of Bitcoin repeatedly broke new highs and broke its silence of nearly 3 years. Bitcoin is currently also sitting at its all-time-high, making it truly a financial miracle for many.

Although large financial institutions were skeptical of digital currencies at first, even the "stock god" Buffett had made it clear that he was not optimistic about the prospects of Bitcoin, but many large investment institutions have begun to have a significant interest in Bitcoin and blockchain. International payment company PayPal now also allows its users to directly buy, sell and hold cryptocurrencies such as Bitcoin through the PayPal platform. Fund management giant Grayscale Investments (Grayscale) now has more than 500,000 bitcoins in its bitcoin fund. Although the price of Bitcoin is similar to the trend in 2017, with the addition of traditional international financial giants, the future prospects and market demand of cryptocurrencies are completely different from those of the past, and the upward trend is obvious to all.

Blockchain technology represented by Bitcoin is increasingly favored by global investment institutions and commercial companies, and “BLOCKCHAIN INSURANCE GLOBAL” has already had its own layout and development on the prospects of blockchain technology. As one of the earliest entrants in blockchain insurance, “BLOCKCHAIN INSURANCE GLOBAL” dared to break traditional thinking and link high-tech to its business. This is not only a win-win move for “BLOCKCHAIN INSURANCE GLOBAL” and the insurance industry, but also a great contribution to the better implementation of blockchain in brick and mortar businesses.

Relying on blockchain technology, “BLOCKCHAIN INSURANCE GLOBAL” will completely revolutionize the insurance industry. The “BLOCKCHAIN INSURANCE GLOBAL” platform will package data on the chain. Blockchain’s tamper-proof feature perfectly solves the problem of fraud in the insurance industry. Once detected, the blockchain will record a fraud's information on the chain, and the fraud information will follow the fraud permanently. This is similar to the existing credit system, but the blockchain technology can ensure the authenticity and permanence of information.

I believe that “BLOCKCHAIN INSURANCE GLOBAL” has an absolute competitive advantage and can achieve success in this fast-growing field. I hope that all colleagues in the insurance industry can contribute their share to the vigorous development of the industry. I also hope that all “BLOCKCHAIN INSURANCE GLOBAL” platform users can follow the “BLOCKCHAIN INSURANCE GLOBAL” platform and continue to share the dividends that it will bring us. The “BLOCKCHAIN INSURANCE GLOBAL” core team will continue to explore the possibilities of blockchain technology in this everchanging world and will have more exciting and significant news to share with everyone. “BLOCKCHAIN INSURANCE GLOBAL” also wishes all users a Merry Christmas and Happy New Year.

2021 will be a year for the insurance industry to continue to innovate and develop. It will also be a crucial year for the “BLOCKCHAIN INSURANCE GLOBAL” platform to ride the waves and continue to transform the insurance industry.