To feel safe

To feel safe

Frequently, reflections on the future social implications of decentralized technology have recently presented differentiated images of somewhat superior methods that may radically differ from current methods. However, decentralized registration of centrally managed operations could significantly reduce the potential of technology and development prospects. Without equivalent structural change, the introduction of decentralized technologies in established industries that seek to strengthen rather than improve service delivery should be of great importance to all.

In an anecdote of a well-known, fact-based business school, the case of one of the first life insurance claims is often repeated. Shortly after the provision of this type of insurance policy, the holder of the life insurance died during the application of its high payment protection. When the family of the deceased attempted to assert his rights, the insurer formulated a new definition of how his company calculated "one year" to avoid liquidation.

To praise commendable industrial ingenuity or defenseless speculation probably depends on how it was broadcast at a strategy or ethics conference. In this context, we turn now to the introduction of blockchain technologies in the insurance sector:
ORLANDO, Fla. - Blockchain technology technology has a future in workforce compensation as it could potentially improve communications and efficiency in the industry, a moderator told Symposium attendees Annual Report on National Compensation Board Questions A decentralized peer -to-peer network that enables insurers and stakeholders to "create, store, manage and share data as a secure record of transactions" Paul Meeusen, Head of Distributed Accounting Technology and Head of Financial Reinsurance at Swiss Re and CEO of B3i.

The Blockchain consists of a large distributed book, a consensus that provides a "single version" of information, cryptography for authentic and secure transactions, and intelligent contracts that run automatically under predefined conditions, Meeusen said. , In a traditional insurance system, there is an inefficient flow of information from a policyholder to an insurer and then to a capital market reinsurer. Mr. Meeusen explained how technology can increase efficiency rather than collecting and analyzing data in separate systems.

"We work together but retain control over our data," he said.

To compensate workers, Blockchain offers stakeholders the ability to share personal and medical information and provides a secure place to store and retrieve information. The technology would also review the model's coverage on the Blockchain platform, he said.