Blockchain Technology Presents Privacy Concerns for Insurers

Ted Augustinos, a member of the steering committee of the Privacy & Cybersecurity Practice Group of Locke Lord and Managing Partner of the Firm’s Hartford office, and Christopher Barth, a Partner based in Locke Lord’s Chicago office, co-authored an article on blockchain technology presenting privacy concerns for insurers. In exploring the use of blockchain technology, the insurance industry must consider the issues and challenges presented by nearly 20- year-old privacy requirements created by the Gramm-Leach-Bliley Act, signed in 1999 by President Clinton.

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