insurance

From lettuce to luxury goods, blockchain helps industries thrive

What do you think of when you hear blockchain? The term cryptocurrency leaps to mind for many people, but that definition fails to represent the breadth and depth of blockchain today. Over the past several years, practical blockchain use cases have emerged as organizations worldwide recognized blockchain as a tool to help solve real-world problems […]

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Blockchain in a nutshell: Building enterprise solutions

In the last few years, many large enterprises have been evaluating permissioned blockchain technologies by conducting limited proof of technologies (PoT) and some of them have gone on to production rollouts of minimum viable products (MVPs). These implementations have been primarily in the area banking, financial services, supply chain and credential management domains. To use […]

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Blockchain-powered autonomous automobiles can be the answer

The swift journey of blockchain from a buzzword to reality is fascinating. Blockchain is currently transforming many industries from healthcare to the food supply chain. Now auto manufacturers are envisioning how distributed ledger technology can be applied to power autonomous vehicles and improve them, increase customer retention, satisfaction, and the overall auto experience. But how […]

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The future of blockchain

In March 2010, Bitcoin had a value of less than a penny. Less than a decade later, each Bitcoin had a value of almost USD 20,000 and early investors were driving Lamborghinis. And while the excitement around Bitcoin will always be intrinsically tied to the price, its ubiquity drove blockchain, the technology that secures cryptocurrency, […]

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Anatomy of an intelligent blockchain trading solution

we.trade is a digital platform that helps buyers and sellers trade across borders in a new way. Powered by the IBM Blockchain Platform from the cloud, it ensures that traders can trust the other party and streamlines trading transactions. Why is we.trade needed? Without financial guarantees, trading with new partners creates huge counterparty risks. Would-be […]

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Confidentiality and integrity for blockchain smart contracts

Fabric Private Chaincode is an open source project created by IBM and Intel to enable a new form of smart contract, leveraging Intel® Software Guard Extensions (Intel® SGX) Trusted Execution Environment to help achieve confidentiality and integrity in The Linux Foundation’s Hyperledger Fabric blockchains. This new model of smart contract is well suited to many […]

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Blockchain beyond cryptocurrency

I still find the word blockchain elicits thoughts of cryptocurrency much of the time, which does disservice to this disruptive new technology. Bitcoin launched in 2011 and was the first large scale implementation of blockchain technology. Media, investors and bleeding edge technologists have talked about cryptocurrencies for years and folks incorrectly think these technologies are […]

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Developments in blockchain: Shaping the future of insurance

The openIDL is an open blockchain network that streamlines burdensome and expensive regulatory reporting, providing new insights for insurance carriers while increasing the timeliness, accuracy, and value of data reports for regulators. In order to provide insight into the health of the insurance market, U.S. state insurance regulators enacted laws more than 70 years ago […]

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Can blockchain help tackle the insurance industry’s data challenges?

The challenge of data authenticity and data controls in the insurance industry continues to grow at a time when regulators are increasing data security requirements. Regulators do not consistently request data from insurance carriers across all states and may be looking at incorrect, incomplete or outdated data. Carriers only share minimal information because they do […]

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