The Blockchain: Decentralized trust to unlock a decentralized future

Blockchain technology brings security structures and incentives in line with the way we share information in the 21st century. Lloyd's of London knows a thing or two about business losses--for three centuries, the world's oldest insurance market has been paying out damages triggered by wars, natural disasters, and countless acts of human error and fraud. So, it's worth paying attention when Lloyds estimates that cybercrime caused businesses to lose 400 billion between stolen funds and disruption to their operations in 2015. If that number seems weighty--and it ought to--try this one for size: 2.1 trillion. That's Juniper Research's total cybercrime loss forecast for the even more digitally interconnected world projected for 2019. To put that figure in perspective, at current economic growth rates, it would represent more than 2% of total world GDP.