Blockchain and the Disruption of the Life Insurance Industry
File Type: Document, Infographic
https://www.blockchainresearchinstitute.org/project/blockchain-and-the-disruption-of-the-life-insurance-industry/
Dec 23, 2019 - This research explores how blockchain technologies could address the challenges of the market for life insurance. Through initiatives such as open IDL and consortia such as B3i and The Institutes RiskStream Collaborative, the insurance industry is exploring use cases where blockchain could deliver near-seamless automated processes, more secure data sharing, uniform compliance, and better fraud prevention. New business models such as peer-to-peer insurance and insurance-as-a-service will likely gain traction as insurance technology start-ups move into life insurance.
Keyword: Canopy,
Etherisc,
financial services,
Gjensidige Forsikring,
Hyperledger Fabric,
insurtech,
life & annuity,
LIMRA,
Mortality Monitor,
Nexus Mutual,
R3 Corda,
RGAx,
SDG 10,
SDG 3,
SDG 9,
Trustlayer.io
Blockchain & the Digital Transformation of Property Insurance
File Type: Document, Infographic
https://www.blockchainresearchinstitute.org/project/property-insurance/
Nov 24, 2020 - This project explores applications of blockchain technologies to the market for property insurance. The authors explain how distributed ledgers could simplify and speed up both proof of insurance and the processing of insurance claims and open up markets for microinsurance. Property insurers and insurtech innovators could offer a new generation of radically simplified and less expensive insurance products with simpler terms automated through smart contracts, which would reduce much of the operating costs of traditional insurance companies, their actuaries, accountants, and adjustors.
Keyword: AP Møller-Mærsk,
B3i,
ConsenSys Diligence,
Etherisc,
financial services,
Insurwave,
LexisNexis Risk Solutions,
parametric,
SafeShare Global,
SDG 10,
SDG 9,
State Farm Insurance,
USAA
State of Enterprise Blockchain: A Mid-Year Review
File Type: Document, Infographic
https://www.blockchainresearchinstitute.org/project/state-of-enterprise-blockchain/
Jun 28, 2021 - This project reports on the state of the enterprise blockchain space. It begins with commentary on the state of the world writ large—from the pandemic’s effects on the economy and the global need for vaccinations to the K-shaped recovery and the consequences of helicopter money (e.g., inflation). It covers a series of developments relevant to enterprise users: the price volatility of cryptocurrencies, the shortcomings of consensus mechanisms for enterprise needs, the growth of stablecoins, the status of tokenless blockchains and blockchain-as-a-service offerings, and the latest on central bank digital currencies (e.g., China’s digital c...
Keyword: Amazon,
CBDC,
Chainlink,
CIO,
ConsenSys,
Cosmos,
DCEP,
Facebook Diem,
Hyperledger,
iFinex,
management,
Microsoft,
Oracle,
Polkadot,
Raft,
SDG 13,
SDG 7,
technology
Reinventing International Clearing and Settlement
File Type: Document, Infographic
https://www.blockchainresearchinstitute.org/project/reinventing-international-clearing-and-settlement/
Jan 16, 2018 - This project explores the global payments infrastructure, associated inefficiencies, and the revolutionary solutions possible through blockchain technology. The paper discusses the innovation lab of the Society for Worldwide Interbank Financial Telecommunication, the transformation of remittances, the implementation challenges of distributed ledger technology in financial messaging.
Keyword: continuously linked settlement,
Depository Trust and Clearing Corporation,
European Central Bank,
Federal Reserve,
financial services,
foreign exchange,
payments,
Ripple,
SDG 10,
SDG 9,
SWIFT,
TransferWise
Declaration of Interdependence
File Type: Document, Infographic
https://www.blockchainresearchinstitute.org/project/declaration-of-interdependence/
Jan 16, 2018 - This manifesto for change calls for a new social contract, one that redefines the relationship between individuals in society and the institutions they have created to self-govern. It looks at the four drivers of this change—the Fourth Industrial Revolution, globalization of ideas and the economy, climate change, and demographic shifts due to war, drought, and oppression. It identifies such global disruptions as structural unemployment and inequality; failing education, healthcare, and research and development; human rights violations; and a biosphere in crisis. It identifies the four core change makers—the private sector, the state, civi...
Keyword: artificial intelligence,
automation,
biotechnology,
Bretton Woods,
climate change,
education,
financial crisis,
Fourth Industrial Revolution,
government,
healthcare,
Internet of Things,
labor union,
machine learning,
offshoring,
outsourcing,
populism,
portable safety net,
robotics,
SDG 1,
SDG 11,
SDG 13,
SDG 16,
SDG 2,
SDG 3,
SDG 4,
SDG 5,
SDG 8,
universal basic income
The Coming Cataclysm
File Type: Document, Infographic
https://www.blockchainresearchinstitute.org/project/the-coming-cataclysm/
Sep 30, 2019 - This research explores the disruptive effects of blockchain technologies on central banking and the financial services industry. Its author discusses Facebook’s proposed cryptocurrency Libra, and how the other FAANG companies—that is, Amazon.com, Apple, Netflix, and Google—might respond with their own digital tokens. He introduces five transformations—cryptoassets, the tokenization of everything, blockchains as state machines, a new model for identity, and the nine forms of decentralized finance. He examines the challenges that incumbents and innovators face during this transition; and he previews the world of financial services in th...
Keyword: Abra,
Christine Lagarde,
CoinShares,
Corda,
Cosmos,
Facebook,
Fidelity,
financial services,
J.P.Morgan,
Libra,
MakerDAO,
Mark Carney,
Quorum,
Ripple,
SDG 10,
SDG 9,
stablecoin,
YouNow
