Blockchain

"The world is becoming more “computable” all the time. As the world becomes more computable, it is possible to trade not only money but anything worth anything, as long as there is a good syntax and semantics about what is being traded and there is a power to “enforce” the trade."

ITL FOCUS is a monthly initiative featuring meaningful topics as they relate to innovation in the risk management and insurance industries.

Episode 2: Usage in Commercial Lines

Smart contracts will likely be used first for simpler insurance processes like underwriting and payouts, then scale as technology and the law allow.

Episode 1: Usage in Personal Lines

The seafood supply chain, for instance, can become transparent and trustworthy, while blockchain automates location updates.

Blockchain provides a golden opportunity for real, tangible operating efficiencies in Latin America and for transforming the region's image.

Whether via IoT, AI, blockchain or other technology, firms that have made progress have more room to withstand the economic downturn’s effects.