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#crypto #cryptonews #bitcoin @nocroom #Don Tapscott - Ted Talk Sequel, Blockchain Revolution & LEADERLESS organisations (Part I)

#crypto #cryptonews #bitcoin @nocroom #Don Tapscott - Ted Talk Sequel, Blockchain Revolution & LEADERLESS organisations (Part I) submitted by PooPoster1 to Cryptoandme [link] [comments]

[Bloomberg] Don Tapscott: "There is a revolution coming that will dramatically change how world operates. Blockchain, underlying technology of bitcoin, represents 2nd gen of Internet. It enables us to send money directly & safely from me to you without a bank, credit card company, or government."

[Bloomberg] Don Tapscott: submitted by eragmus to Bitcoin [link] [comments]

Blockchain Revolution - Don Tapscott, at USI. As I got interested in Bitcoin I once told a friend: If these guys were wearing suits, I'd be too late. Now look at that room...

Blockchain Revolution - Don Tapscott, at USI. As I got interested in Bitcoin I once told a friend: If these guys were wearing suits, I'd be too late. Now look at that room... submitted by VLADIMIROVIC_L to Bitcoin [link] [comments]

Don Tapscott changes his view on the Bitcoin Blockchain Technology

Don Tapscott changes his view on the Bitcoin Blockchain Technology submitted by BitcoinJobBoard to Bitcoin [link] [comments]

#ScriniumReads Tapscott Group CEO and coauthor of ''Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World'' Don Tapscott explains why and how #blockchain will revolutionise the world economy.

#ScriniumReads Tapscott Group CEO and coauthor of ''Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World'' Don Tapscott explains why and how #blockchain will revolutionise the world economy. submitted by Scrinium to scrinium [link] [comments]

Don Tapscott on Bitcoin's recent surge and The Blockchain Research Institute

Hi guys,
I had Don Tapscott (co-author of The Blockchain Revolution) on my podcast this week to talk about his history with blockchain and some recent developments (ICOs, Bitcoin over 4,000, Carbonx etc.). Thought you might be interested!
You can find the episode on iTunes or on Stitcher and on Google Play
submitted by MKRpodcast to BitcoinAll [link] [comments]

From the Don Tapscott TED talk: "blockchain: the trust protocol". Let's stick to this phrase, it immediately elucidates the main benefit of the technology. /r/Bitcoin

From the Don Tapscott TED talk: submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Don Tapscott on Bitcoin's recent surge and The Blockchain Research Institute

Hi guys,
I had Don Tapscott (co-author of The Blockchain Revolution) on my podcast this week to talk about his history with blockchain and some recent developments (ICOs, Bitcoin over 4,000, Carbonx etc.). Thought you might be interested!
You can find the episode on iTunes or on Stitcher and on Google Play
submitted by MKRpodcast to BitcoinCA [link] [comments]

PBS Don Tapscott talks Bitcoin and Blockchain...

PBS Don Tapscott talks Bitcoin and Blockchain... submitted by BitcoinAllBot to BitcoinAll [link] [comments]

PBS Don Tapscott talks Bitcoin and Blockchain...

submitted by BitcoinAllBot to BitcoinAllTV [link] [comments]

Blockchain Revolution - Don Tapscott, at USI. As I got interested in Bitcoin I once told a friend: If these guys were wearing suits, I'd be too late. Now look at that room...

submitted by BitcoinAllBot to BitcoinAllTV [link] [comments]

PBS Don Tapscott talks Bitcoin and Blockchain...

PBS Don Tapscott talks Bitcoin and Blockchain... submitted by daftwordhero to Bitcoin [link] [comments]

Ignore Bitcoin’s challenges. In this interview, Don Tapscott explains why blockchains, the technology underpinning the cryptocurrency, have the potential to revolutionize the world economy.

Ignore Bitcoin’s challenges. In this interview, Don Tapscott explains why blockchains, the technology underpinning the cryptocurrency, have the potential to revolutionize the world economy. submitted by OmniEdge to Bitcoin [link] [comments]

Ignore Bitcoins challenges. In this interview, Don Tapscott explains why blockchains, the technology underpinning the cryptocurrency, have the potential to revolutionize the world economy.

Ignore Bitcoins challenges. In this interview, Don Tapscott explains why blockchains, the technology underpinning the cryptocurrency, have the potential to revolutionize the world economy. submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Don Tapscott, new book: "Blockchain Revolution" - McKinsey interview. /r/Bitcoin

Don Tapscott, new book: submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Blockchain Revolution - Don Tapscott, at USI. As I got interested in Bitcoin I once told a friend: If these guys were wearing suits, I'd be too late. Now look at that room...

Blockchain Revolution - Don Tapscott, at USI. As I got interested in Bitcoin I once told a friend: If these guys were wearing suits, I'd be too late. Now look at that room... submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Don Tapscott changes his view on the Bitcoin Blockchain Technology

Don Tapscott changes his view on the Bitcoin Blockchain Technology submitted by moon_drone to BetterBitcoin [link] [comments]

How Data Centralization Ends by 2030

Link to Coindesk: https://www.coindesk.com/data-centralization-2030
The next 10 years will witness the systematic manipulation of human life at a scale unrivaled in history. For all the recent controversies over privacy and surveillance, the real threat is ahead of us.
Unless new approaches to online identity and data management take hold, both governments and private actors will move inexorably from knowing you to shaping you. Blockchain-enabled decentralization will develop as the only viable response to the iron logic of data centralization.
Blockchain believers often talk as though today’s early-adopter use cases, such as cryptocurrency trading and decentralized finance, will lead straight to mass market adoption. As the inevitable ‘killer apps’ appear, so the story goes, blockchain-based systems will conquer the mainstream. One might imagine that we’ll all soon be trading digital collectibles and relying on token-curated registries for accurate information. Governments will lose control over money, and blockchain-based smart contracts will replace court-enforced legal agreements. Uber, Facebook and the banks will wither away in the face of tokenized alternatives.
This narrative is wishful thinking. In most markets, intermediaries will endure for the same reasons they always have: they provide value. The Ubers and Facebooks – and yes, even the banks – tame complexity and produce coherent, convenient, de-risked experiences that no decentralized community can ever match. Early adopters use blockchain-based systems for ideological reasons or to get rich on cryptocurrency speculation. The billions behind them in the mainstream will not. The lock-in power of network effects creates high barriers for alternative economic systems. And the need for trust disqualifies decentralized solutions that are havens for criminals, incapable of effective compliance or vulnerable to catastrophic attacks – which, regrettably, means virtually all of them today.
Truly decentralized blockchain systems will reach critical mass not out of hope but out of necessity. Powerful actors and mainstream users will adopt blockchain as a counterbalance to digital behavior-shaping by governments and private platforms. Dramatic innovations such as decentralized autonomous organizations (DAOs), which manage activity automatically through smart contracts, will become significant at the end point of this process, once the foundations are in place.
Big data and artificial intelligence, pitched as freeing us from human frailties, are becoming powerful tools for social control. This is occurring along two parallel tracks: surveillance authoritarianism and surveillance capitalism. Through massive data collection and aggregation, China’s social credit system envisions an airtight regime of perfect compliance with legal and social obligations. Many other governments, including liberal democracies, are adopting similar techniques. The potential for catching terrorists, child predators and tax evaders is simply too appealing – whether it’s the real objective or a cover story.
"WHAT WE NEED IS A TECHNOLOGY THAT ALLOWS FOR SHARING WITHOUT GIVING UP CONTROL. FORTUNATELY, IT EXISTS."
Meanwhile, private digital platforms are using troves of data to shape online experiences consistent with their business models. What you see online is, increasingly, what maximizes their profits. Companies such as Google, Amazon, Tencent and Alibaba can build the best algorithms because they have the most data. And they aren’t interested in sharing.
Regulatory interventions will fail to derail the self-reinforcing momentum for ever more centralized data repositories. They may even accelerate it by creating layers of compliance obligations that only the largest firms can meet. Europe’s General Data Protection Regulation (GDPR) actually increased the market share of Google and Facebook in online advertising, and so it is not surprising to see such incumbents actively welcoming the prospect of more regulation.
The only lasting solution is to change the economics of data, not to impose private property rights; that would accelerate the market forces promoting data centralization. Giving you “ownership” over your data means giving you legal cover to sell it, by clicking “OK” to a one-sided contract you’ll never read. The problem is not ownership, but control. In today’s algorithm-driven world, sharing and aggregating data increases its value, producing better models and better predictions. The trouble is that once we share, we lose control to centralized data hogs.
What we need is a technology that allows for sharing without giving up control. Fortunately, it exists. It is called blockchain. Blockchain technology is, fundamentally, a revolution in trust. In the past, trust required ceding control to counter parties, government authorities or intermediaries who occupied the essential validating roles in transaction networks. Blockchain allows participants to trust the results they see without necessarily trusting any actor to verify them. That’s why major global firms in health care, finance, transportation, international trade and other fields are actively developing cross-organizational platforms based on blockchain and related technologies. No database can provide a trusted view of information across an entire transactional network without empowering a central intermediary. Blockchain can.
Adopting any new platform at scale, along with the necessary software integration and process changes, takes time – especially when the technology is so immature. But today’s incremental deployments will serve as proofs-of-concept for the more radical innovations to come. Chinese blockchain networks are already managing tens of billions of dollars of trade finance transactions. Pharmaceutical companies are tracking drugs from manufacturing to pharmacies using the MediLedger platform. Boeing is selling a billion dollars of airline parts on Honeywell’s blockchain-based marketplace. Car insurance companies are processing accident claims in a unified environment for the first time. These and other enterprise consortia are doing the essential technical and operational groundwork to handle valuable transactions at scale.
The need for transformative approaches to data will become acute in the next five years. Every week, it seems, another outrage comes to light. For instance, users who posted photos under Creative Commons licenses or default-public settings were shocked they were sucked into databases used to train facial-recognition systems. Some were even used in China’s horrific campaign against Uighur Muslims. Clearview AI, an unknown startup, scraped three billion social media images for a face identification tool it provided, with no oversight, to law enforcement, corporations and wealthy individuals. The examples will only get worse as firms and nations learn new ways to exploit data. The core problem is there is no way to share information while retaining control over how it gets used.
Blockchain offers a solution. It will be widely adopted because, behind the scenes, the current data economy is reaching its breaking point. Outrage over abuses is building throughout the world. The immensely valuable online advertising economy attracts so much fraud that the accuracy of its numbers is coming into question. Communities are looking for new ways to collaborate. Governments are realizing the current system is an impediment to effective service delivery.
The technologist Bill Joy famously stated that no matter how many geniuses a company employs, most smart people work somewhere else. The same is true of data. Even giants such as Google, Facebook and Chinese government agencies need to obtain information from elsewhere in their quest for perfect real-time models of every individual. These arrangements work mostly through contracts and interfaces that ease the flow of data between organisations. As Facebook discovered when Cambridge Analytica extracted massive quantities of user data for voter targeting, these connection points are also vulnerabilities. As tighter limits are placed on data-sharing, even the big players will look for ways to rebuild trust.
The blockchain alternative will begin innocuously. Government authorities at the subnational level are deploying self-sovereign identity to pull together information securely across disparate data stores. This technology allows anyone to share private information in a fine-grained way while still retaining control. You shouldn’t have to reveal your address to confirm your age, or your full tax return to verify your stated income. The necessary cryptography doesn’t require a blockchain, but the desired trust relationships do.
Once people have identities that belong to them, not to banks or social media services, they will use them as the basis for other interactions. Imagine a world where you never need to give a third-party unnecessary data to log into a website, apply for a job, refinance a mortgage or link your bank account to a mobile payment app. Where you can keep your personal and professional profiles completely separate if you choose. Where you can be confident in the reputation of a car mechanic or an Airbnb or a product made in China without intermediaries warping ratings for their own gain. The convenience of user experiences we enjoy within the walled gardens of digital platforms will become the norm across the vastness of independent services.
We will gradually come to view access to our personal information as an episodic, focused interaction, rather than fatalistically accepting an open season based on preliminary formal consent. Major hardware companies such as Apple, which don’t depend on targeted advertising, will build decentralized identity capabilities into their devices. They will add cryptocurrency wallets linked behind the scenes to existing payment and messaging applications. Stablecoins – cryptocurrencies pegged to the dollar, pound or other assets – will help tame volatility and facilitate movement between tokens and traditional currencies. Privately created stablecoins will coexist with central bank digital currencies, which are under development in most major countries throughout the world.
Once this baseline infrastructure is widely available, the real changes will start to occur. DAOs will begin to attract assets as efficient ways for communities to achieve their goals. These entities won’t replace state-backed legal systems; they will operate within them. As numerous controversies, crashes and hacks have already demonstrated, software code is too rigid for the range of situations in the real world, absent backstops for human dispute resolution. Fortunately, there are solutions under development to connect legal and digital entities, such as OpenLaw’s Limited Liability Autonomous Organisations and Mattereum’s Asset Passports.
Today, the legal machinery of contracts strengthens the power of centralized platforms. User agreements and privacy policies enforce their control over data and limit individuals’ power to challenge it. Blockchain-based systems will flip that relationship, with the legal system deployed to protect technology-backed user empowerment. Large aggregations of information will be structured formally as “data trusts” that exercise independent stewardship over assets. They will operate as DAOs, with smart contracts defining the terms of data usage. Users will benefit from sharing while retaining the ability to opt out.
"DATA WILL BE TREATED NOT AS PROPERTY BUT AS A RENEWABLE RESOURCE, WITH THE COMPETITION FOR ECONOMIC VALUE IN THE APPLICATIONS BUILT ON TOP OF IT."
Many significant applications require aggregation of data to drive algorithms, including traffic monitoring (and eventually autonomous vehicles); insurance and lending products serving previously excluded or overcharged customer groups; diagnosis and drug dosing in health care; and demand forecasting for economic modeling. Collective action problems can prevent constructive developments even when rights in data are well defined. DAOs will gradually find market opportunities, from patronage of independent artists to mortgage securitization.
The big data aggregators won’t go away. They will participate in the decentralized data economy because it provides benefits for them as well, cutting down on fraud and reinforcing user trust, which is in increasingly scarce supply. Over time, those who provide benefits of personalization and targeting will more and more be expected to pay for it. A wide range of brokering and filtering providers will offer users a choice of analytics, some embedded in applications or devices and some providing services virtually in the cloud. Governments will focus on making data available and defining policy objectives for services that take advantage of the flow of information. Data will be treated not as property but as a renewable resource, with the competition for economic value in the applications built on top of it.
The most powerful benefit of open data built on blockchain-based decentralised control is that it will allow for new applications we can’t yet envision. If startups can take advantage of the power of data aggregation that today is limited to large incumbents, they are bound to build innovations those incumbents miss.
The surveillance economy took hold because few appreciated what was happening with their data until it was too late. And the cold reality is that few will accept significantly worse functionality or user experience in return for better privacy. That is why the blockchain-powered revolution will make its way up from infrastructural foundations of digital identity and hardware, rather than down from novel user-facing applications.
This vision is far from certain to be realized. Business decisions and government policies could make blockchain-based data decentralization more or less likely. The greatest reason for optimism is that the problem blockchain addresses – gaining trust without giving up control – is becoming ever more critical. The world runs on trust. Blockchain offers hope for recasting trust in the networked digital era.
submitted by BlockDotCo to u/BlockDotCo [link] [comments]

Our COO @czhuling will join the #Binance 'Off the Charts' Live Panel

Our COO @czhuling will join the #Binance 'Off the Charts' Live Panel
Register here to view it live: https://www.eventbrite.com/e/binance-off-the-charts-virtual-conference-tickets-108855951080

Gold Sponsors: aelf, VITE, Elrond Network, Alchemy, IOST

https://preview.redd.it/qleatsyvnma51.png?width=1102&format=png&auto=webp&s=2eabbe1439f2140f871f7eecdf883305a8a9fc06
Binance presents the “Off the Charts!” Virtual Conference, on July 14, 2020, from 9:00 AM to 7:00 PM (UTC).

About this Event

On July 14, 2020, join Binance as we kick off our third anniversary with one of the biggest blockchain events of the year.
Get the latest news and updates on all things blockchain and crypto, and take an exclusive look at what’s coming next at our “Off the Charts!” Virtual Conference, a blockbuster 10-hour live event with multi-regional programming that brings together 80+ influential speakers, including leading blockchain and crypto innovators, business and technology leaders, influential academics, and key policymakers.
Expect to hear the latest insights on the blockchain ecosystem from some of the industry’s most prominent leaders and visionaries. Join our can’t-miss event with powerful talks, breakthrough panels, opportunities to win prizes, and much more.
The “Off the Charts!” Virtual Conference will feature five segments with spotlights on regions making a significant impact in the space: Europe & the UK, Asia-Pacific, Russia & CIS, Africa & Middle East, and North America & LATAM.
Discover an array of keynotes, panels, and fireside chats, on these following themes and more:
  • Powering Crypto Growth: Local blockchain trends and evolving technologies that are transforming crypto awareness and adoption.
  • Crypto Meets Traditional Finance: Exploring opportunities for integrated and parallel development.
  • Blockchain and Global Health: Crypto’s appeal in today’s volatile environment.
  • Policy and Regulation: Spearheading community initiatives through cooperation and investment.
  • Trading Strategies and Technical Analysis: Training and insights to improve your trading.
Hear from these speakers and more:
  • Akon - Chairman & Co-Founder, Akoin
  • Cliff Liang - Director of Solutions Architecture, Amazon
  • David Ferrer Canosa - Secretary for Digital Policies, Government of Catalonia
  • Don Tapscott - Executive Chairman, The Blockchain Research Institute
  • Oleksandr Bornyakov - Deputy Minister, Ministry of Digital Transformation of Ukraine
  • Perianne Boring - Founder and President, Chamber of Digital Commerce
  • Changpeng Zhao (CZ) - Founder & CEO, Binance
  • He Yi - Co-Founder & CMO, Binance
  • Aarón Olmos - Economist, Olmos Group Venezuela
  • Alex Saunders - CEO & Founder, Nugget's News
  • Anna Baydakova - Reporter, CoinDesk
  • Anton Mozgovoy - Head of Product, Jthereum
  • Apolline Blandin - Research Lead, Cambridge Centre for Alternative Finance
  • Beniamin Mincu - CEO, Elrond
  • Bobby Ong - Co-founder, CoinGecko
  • Brendan Eich - CEO & Co-founder, Brave Software
  • Bruno Diniz - Managing Partner, Spiralem Innovation Consulting
  • Calvin Liu - Strategy Lead, Compound Labs
  • Camila Russo - Founder, The Defiant
  • Carlos Rischioto - Client Technical Leader & Blockchain SME, IBM
  • Carylyne Chan - Interim CEO, CoinMarketCap
  • Catherine Coley - CEO, Binance.US
  • Charles Hayter - CEO, CryptoCompare
  • Charles Hoskinson - Founder, Cardano
  • Charlie Shrem - Host, UntoldStories.Com
  • Chimezie Chuta - Founder, Blockchain Nigeria User Group
  • Darius Sit - Partner, QCP Capital
  • David Ferrer Canosa - Secretary for Digital Policies, Government of Catalonia
  • Denis Efremov - Investment Director, Da Vinci Capital
  • Don Tapscott - Executive Chairman, The Blockchain Research Institute
  • Eric Turner - VP, Market Intelligence, Messari
  • Erick Pinos - Americas Ecosystem Lead, Ontology
  • Ernesto Contreras Escalona - Head of Business Development, Dash Core Group
  • Eugene Mutai - CTO, Raise
  • Genping Liu - Partner, Vertex Ventures
  • Hany Rashwan - CEO, 21Shares AG
  • Harry Halpin - CEO, Nym Technologies
  • Hongfei Da - Founder, Neo
  • Igor Runets - CEO, BitRiver
  • İsmail Hakkı Polat - Cryptocurrency & Blockchain Lecturer, Istanbul Kadir Has University
  • Jamie Burke - CEO, Outlier Ventures
  • Jiho Kang - CEO, Binance.KR
  • John Izaguirre - Europe Ecosystem Lead, Ontology
  • John Khenneth Parungao - COO, SwipeWallet, Inc.
  • Jon Karas - President & Co-Founder, Akoin
  • Jorge Farias - CEO, Cryptobuyer
  • Joseph Hung - Director of Market Strategy, Klaytn
  • Joseph Lubin - CEO, ConsenSys
  • Juan Otero - CEO, Travala.com
  • Justin Sun - Founder, TRON & CEO, BitTorrent
  • Kristina Lucrezia Cornèr - Managing Editor & Head of Features, Cointelegraph
  • Ken Nakamura - CEO, GMO-Z.com Trust Company
  • Konstantin Goldstein - Principal Technical Evangelist, Microsoft
  • Kyle Samani - Managing Director, Multicoin Capital
  • Lucas Nuzzi - Head of Network Data, Coin Metrics
  • Mai Fujimoto "Miss Bitcoin" - Founder, KIZUNA
  • Matt Marx - Co-Founder, PhishFort
  • Meltem Demirors - Chief Strategy Officer, CoinShares
  • Mengdie Wang - CEO, Odaily
  • Michael Feng - CEO, Hummingbot
  • Michael Gu - Founder, Boxmining
  • Michelle Chivunga - Founder, Global Policy House
  • Mo Dong - Co-founder, Celer Network
  • Munachi Ogueke - Chief Business Officer, YellowCard Financial
  • Naveen Surya - Chairman, Fintech Convergence Council
  • Navin Gupta - MD MENA and South East Asia, Ripple
  • Nick White - Co-founder, Harmony
  • Nischal Shetty - CEO, WazirX
  • Pang Xue Kai - CEO, Tokocrypto
  • Paul Veradittakit - Partner, Pantera Capital
  • Perianne Boring - Founder and President, Chamber of Digital Commerce
  • Patrick Dai - CEO, Qtum Chain Foundation
  • Patrick Heusser - Senior Trader, Crypto Broker AG
  • Peter DeMeo - Global Market Development Leader, IBM
  • Priscila Yazbek - Editora de Finanças, InfoMoney
  • Rachel-Rose O'Leary - Researcher, Dark Renaissance Technologies
  • Rich Teo - Co-founder & CEO Asia, Paxos
  • Richard Yan - COO, Vite Labs
  • Robert Kopitsch - Secretary General, Blockchain for Europe
  • Roei Levav - CEO, Efficient Frontier
  • Rune Christensen - Co-founder, MakerDAO
  • Sam Bankman-Fried - CEO, FTX
  • Sandeep Nailwal - COO, Matic Network
  • Sean Rolland - Director of Product, BitPay
  • Senator Ihenyen - Lead Partner, Infusion Lawyers
  • Sergej Kunz - CEO, 1inch.exchange
  • Sergey Shayakhmetov - CBDO, Sberbank Blockchain Lab
  • Shi Shawn - Co-founder, Alchemy Pay
  • Sonya Kuhnel - COO, Xago & Co-Founder, Bitcoin Events & Blockchain Academy
  • Terry Wang - Co-founder, IOST
  • Thaise Saeter - CMO, Convex Research
  • Thamim Ahmed - Researcher, University College London
  • Tom Lee - Head of Research, Fundstrat Global Advisors
  • Tyler Spalding - CEO, Flexa
  • Veronica Wong - CEO, SafePal
  • Viktor Radchenko - Founder, Trust Wallet
  • Winpro Yan - Chief Editor, Mars Finance
  • Yele Bademosi - CEO, Bundle Africa
  • Zhuling Chen - COO, Aelf Blockchain
Stay tuned as speakers and more themes are announced in the coming weeks! For more details, read our blog post here and visit our event website here.
During the livestream, we will be holding special #BinanceTurns3 activities for viewers and giving away limited-edition prizes, swag, and collectible NFTs at various points throughout the livestream. Availability is limited! Register today!
Binance Awards 2020
Join Binance as we celebrate the standout innovators and businesses that have made sizable contributions, both to our community and to our blockchain ecosystem. Winners will be announced during our live event, and results will be published on our blog afterwards.
Register on Eventbrite today and tune in to the “Off the Charts” Virtual Conference on July 14, 2020, from 9:00 AM to 7:00 PM (UTC).
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Thank you to our partners for helping make this event possible!
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Blockchain in Insurance: Use Cases and Implementations

Blockchain in Insurance: Use Cases and Implementations
This article was first posted on Medium: https://medium.com/swlh/blockchain-in-insurance-use-cases-and-implementations-a42a00ebcd91
Almost all major insurers are planning to integrate blockchain by 2021, according to PwC. At first glance, such a high level of commitment to new tech may seem surprising in an old and traditional industry such as insurance. However, enterprise blockchain adoption is poised to help insurers significantly cut costs, become more responsive to customers, and write more business.
Two recurring themes throughout this post are that:
  1. Blockchain can lower costs for insurers and lower insurance premiums for customers.
  2. Blockchain can help insurers understand & price risks better by allowing customer, risk and policy information to be shared more quickly and securely across parties the insurance ecosystem. This will increase revenue and growth prospects by allowing insurers to price insurance products more accurately.
Costs are becoming an issue for insurers. Life insurers in Asia and the US have seen cost ratios climb above 30% and 20% respectively over the past few years. This figure should ideally be below 20%. Part of this is due to increased compliance costs such as Know Your Customer (KYC) and Anti-Money Laundering (AML) laws. A bigger reason is that selling and servicing insurance policies is still a complex and labor intensive process.
Insurance Growth Rates (CAGR) 2012–17. Source: EY
A recent EY insurance market report showed low growth rates for Life insurance and Non-Life insurance outside Asia Pacific. Digging deeper, Life insurance premiums in the US declined by 0.4% from 2012–17.
Insurers find themselves needing to reduce operating costs and write business more effectively. While blockchain is not a magic elixir, proper adoption will help address these needs.

What is Blockchain?

In their book “Blockchain Revolution,” authors Don and Alex Tapscott describe blockchain as “an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
Organizations need secure ways to record transactions and manage information flows, making blockchain’s appeal easy to see. Blockchains ensures that:
  • All participants have a copy of the digital ledger and that each copy is updated in real-time when transactions occur;
  • There is no centralized server, making hacking next to impossible;
  • A recorded transaction theoretically cannot be reversed, which makes the ledger an immutable source of truth no matter how many participants hold copies;
  • Transaction data, records, and participant identities can be authenticated while remaining private.
Enterprise blockchains used by companies are different from public blockchains such as Bitcoin and Ethereum. Public blockchains are too clunky and slow for enterprise purposes. Enterprises require scale and speed — the ability to process hundreds of thousands of transactions very quickly. Public blockchains suffer from very low transaction speeds. Their verification process is cumbersome because participants are unknown and untrusted. Private enterprise blockchains don’t suffer from this limitation since all participants are known and trusted.
Enterprise blockchains have the following characteristics:
  • Participation requires invitation: all participants in the blockchain network are trusted
  • Data is private and secure: you don’t have access to transactions that you are not a party to, even though you’re on the same blockchain network
  • Enterprise blockchains are fast and light: the network can handle thousands of transactions per second and numerous participants working in tandem
  • ‘Smart contracts’ automate processes: transaction rules and process flows can be programmed to execute automatically, allowing payments and transfers to execute without human intervention, for example
The insurance industry will benefit from blockchain because most underwriting and claims activity requires cooperation among multiple parties. Some of these parties are from outside the firm, making data security important. Reconciling data from multiple sources during claims investigation, for example, is time and resource intensive and prone to manual error. Putting this data on a blockchain would streamline operations.

Blockchain Use Cases in Insurance

Industries have always adopted technology that has made it easier, faster and cheaper to conduct business. Blockchain tech promises to deliver on all three fronts, especially in the insurance industry, which is seen as slow and complex.
Let’s face it, insurance customers don’t enjoy interacting with insurance companies. Customers often deal with time-consuming paper forms when applying for a policy or submitting a claim. They may have to speak with people at insurance companies and hospitals, for example, to get medical insurance claims reimbursed.
On the flip side, insurance companies have to deal with the high costs of managing and servicing policies. Many of these costs are administrative — claims administration, verification and reconciliation of information, and paperwork. Insurance also requires coordination among many parties — consumers, brokers, insurers and reinsurers. This introduces overhead costs that translate to higher premiums paid by customers.
Blockchain can help make selling and servicing insurance better, faster and cheaper by improving fraud prevention, claims management, health insurance, and reinsurance. The end result could be lower prices and better experiences for customers.

Fraud Prevention

According to the FBI, non-health insurance fraud in the US is estimated to be over $40 billion per year, which can cost families between $400–700 per year in extra premiums.
Common types of insurance fraud can be eliminated by moving insurance claims onto a blockchain-based ledger that is shared among insurance companies and cannot be modified. It can prevent criminals from collecting money from different insurers for the same claim, for example.
Blockchain will make coordination easier among insurers. If all insurers access a shared blockchain ledger, they would know if a claim has already been paid. Since all insurers use the same historical claims information, it would also be easier to identify suspicious behavior.
Insurers currently try to detect fraud by using publicly available data as well as data acquired from private companies. The problem is that these data sets are incomplete due to legal constraints around sharing personally identifiable information of individuals. Blockchain, by cryptographically securing data, would allow claims information to be shared across insurers without divulging personally identifiable information.

Claims Management

Putting insurance policies on a blockchain as smart contracts can radically improve the efficiency of Property & Casualty (P&C) insurance, saving insurers more than $200B a year in operating costs according to BCG.
Let’s use car insurance to illustrate this. If you get into a car accident and it was the other driver’s fault, you must submit a claim to your insurance company to recover your loss. Your insurance company investigates your claim and tries to recover money from the other driver’s insurance company. The other insurance company has its own claims processes, which leads to duplicated work, delays, and possible human error. The end result is that you get paid much later than you’d like, and insurers spend time and money on unprofitable activities.
Putting insurance policies and claims data on a blockchain that different insurers, reinsurers, brokers, and other parties can access reduces duplicate manual work by different parties.
Insurance policies as smart contracts on a blockchain automatically execute programmed claims processing actions, automating information transfers between insurers and other parties, and releasing payments to policyholders. Additional info such as claims forms and supporting evidence supplied by policyholders can later be added to the blockchain so that all parties have the same information, making disputes unlikely.

Health Insurance

Blockchain enables fast, accurate, and secure sharing of medical data among healthcare providers and insurers. This will translate into faster health insurance claims processing and lower health insurance costs for customers.
Privacy laws around sharing patient data among hospitals and health insurance providers makes it time-consuming and expensive to process health insurance claims. Lack of data can even lead to insurance claim denials.
Patients deal with numerous doctors, hospitals and insurers over time and across borders. A patient’s medical history exists in fragments across healthcare providers and insurers. Worse, the way in which insurers and healthcare providers cooperate, share patient data, and process claims involves complex manual work & reconciliation. Even the technical infrastructure for medical records is outdated.
Putting encrypted patient records on a blockchain allows healthcare providers and insurers to access a patient’s medical data without sacrificing patient confidentiality. An industry-wide synchronized database of patient data can save the industry billions annually. Patient privacy is ensured because the blockchain stores cryptographic signatures for each medical record, which verifies the authenticity of the record without having to actually store any sensitive info on the blockchain. Changes to a patient’s medical records are also stored on the blockchain, which creates an audit trail.

Reinsurance

Data sharing among insurers and reinsurance companies is complex, time consuming, and requires inefficient manual work. Blockchain can streamline information flows between insurers and reinsurers.
Reinsurers provide insurance to insurance companies. That way, insurance companies won’t get wiped out when many claims occur at once, such as during a hurricane or earthquake.
The problem is that reinsurance processes are lengthy, inefficient, manual and are based on one-off contracts. Insurance companies generally engage multiple reinsurers for the same risk, which means that data has to be shared among many companies to settle claims.
When reinsurers and insurers share a blockchain ledger, data related to policies, premiums and losses can exist on insurers’ and reinsurers’ systems simultaneously. This takes away the need for reconciliation, which saves everyone time and money. Reinsurers can also automate claims processing and settlement.
PricewaterhouseCoopers estimates that blockchain can save the reinsurance industry up to $10 billion, which can then lead to lower insurance premiums for customers.

Blockchain Implementation in Insurance

Saving the best for last, here are just some examples of how the insurance industry is using blockchain. Keep in mind that at this point, there are more prototypes and POCs than full-scale implementations.

R3

R3 is an enterprise blockchain company. It maintains an ecosystem of over 300 firms across industries that build blockchain software apps on top of its Corda platform. These apps can be used across industries from insurance to banking to healthcare. R3 maintains 2 versions of Corda; an open source platform and an enterprise-specific version called Corda Enterprise. Both versions of Corda are compatible with each other.
Insurance-specific applications on Corda are designed to help insurers automate back office activities, streamline operational flows, and generally spend less time on things like claims admin and data processing. There are also apps being development to speed up underwriting and enable faster data sharing among insurers and reinsurers.
Basically, Corda wants to host a common set of insurance apps that the entire industry can use to cut costs and boost revenue. Corda currently boasts over 15 insurance-specific apps, with a few of these deployed into production such as:
  • Blocksure OS: solves problems related to legacy systems, slow manual processes and high rates of error by automating policy admin and claims activities. Policyholders can access all policy and claims info in one app.
  • MIDAS: is a motor insurance authentication platform designed to serve 80 motor insurance companies in Hong Kong. It provides real-time authentication of motor insurance policies, verification, and audit trails. This can help with fraud detection and reduce time required for certain verification activities when it comes to policy and claims management.

B3i

B3i was a blockchain consortium, now an independent software company, supported by leading insurers and reinsurers including Swiss Re, AXA, Zurich, Munich Re, and Allianz. They develop blockchain-based applications for insurers and reinsurers and aim to create industry-wide standards. B3i aims to use blockchain tech to streamline back office processes and claims management — basically lower costs and do things faster. In 2018, B3i switched from IBM’s Hyperledger Fabric to R3’s Corda platform.
In July 2019, they launched a Catastrophe Excess of Loss product on Corda. The product is designed for brokers, insurers and reinsurers to negotiate and place risks more efficiently by reducing manual activities related to placing, renewing and managing treaties.

AXA

In 2017, AXA launched Fizzy, a blockchain platform for flight delay insurance. Customers purchase flight delay insurance, which is recorded in a smart contract. The platform is connected to global air traffic databases and receives flight statuses. If a customer’s flight is delayed for more than two hours, the smart contract automatically triggers payment to the customer.
Customers don’t have to fill out claims forms or speak to service reps. The claim is deposited directly to their bank account. Customer satisfaction: maximized.
AXA does not have to spend time processing claims, verifying flight data, or enduring paperwork for payment authorizations. They save on time & cost and can deploy these resources to more profitable activities.
Update: Fizzy has since been discontinued after 2 years, possibly due to lack of appetite from the travel/airline industry. Regardless, Fizzy was a pioneer of sorts and has laid the groundwork for future blockchain insurance platforms.

Blue Cross

Hong Kong insurer Blue Cross is using blockchain since April 2019 to speed up medical insurance claims processing and prevent fraud.
Blue Cross’ blockchain platform validates claims data in real-time, which greatly reduces fraud potential from duplicate claims filing, for example. Claims are also processed faster for their 200,000+ customers. The platform also removes the need to reconcile claims data across parties such as insurers and medical service providers. Medical practitioners such as doctors and chiropractors who don’t employ many admin support staff could save time and money by partnering with Blue Cross.
Blue Cross’ blockchain platform is built on Hyperledger. Blue Cross is owned by Bank of East Asia.

Insurwave

Insurwave is a blockchain-based marine hull insurance platform launched in 2018. The platform was a collaboration among Ernst & Young, Guardtime, Maersk, Microsoft, and ACORD. It was built on R3’s Corda platform.
Insurwave provides real-time information on ships’ location, condition, and safety factors that both insurers and customers can access. If ships enter high-risk areas, Insurwave automatically factors this into underwriting and pricing calculations.
Premium calculations for this type of insurance are very complex. Having an immutable audit trail for ship-specific information substantially eases this calculation, enables accurate pricing, and speeds up underwriting. Insurers are also able to better account for ship-specific risks.

The Future of Blockchain in Insurance

These are still early days. Most of the work around blockchain in insurance is in the Proof of Concept stage and regulation is slowly catching up. However, we have already seen some applications that have gone live.
The ‘quickest win’ for blockchain in insurance is in the area of cost control. Rising costs are hitting insurers across most markets. Blockchain platforms and Dapps that allow firms to free up resources by automating claims management, fraud detection and data reconciliation, for example, will be heartily endorsed by executives.
The real win will be when blockchain platforms enable insurers to create better products and onboard customers faster — things that bring in revenue. For this to happen, we need a more robust ecosystem of insurers, reinsurers, tech companies and service providers working together on industry-standard blockchain platforms.
This has already started with software companies like R3 launching enterprise-grade blockchain platforms such as Corda Enterprise. We also have leading insurers involved in B3i that share common goals related to blockchain development. It remains to be seen if these natural competitors share enough long-term interests to sustain the initiative. If not, industry-wide blockchain adoption may take longer and become more fragmented.
However, the benefits are too obvious to ignore. We will probably see a few committed companies invest early in blockchain and enjoy a short period of above-normal performance, with early adoption coming from mature markets burdened with high costs as well as some parts of Southeast Asia (e.g. China, which proactively adopts tech). The rest of the industry will follow.
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Don Tapscott - Ted Talk Sequel, Blockchain Revolution & LEADERLESS organisations (Part I)

Dear crypto community and blockchain buddies,
Cryptonites is a no BS blockchain channel covering bitcoin, cryptocurrency and everything around FinTech. We are proud to present you with our latest interview starring one of the most influential living theorists about business and society: Don Tapscott.
Be ready to be inspired!
Don’t forget to like, share and subscribe to our channel if you want to hear from the greatest minds in Blockchain

https://www.youtube.com/watch?v=Lm6WhidqgUY
submitted by clarisse92 to btc [link] [comments]

Top World Cryptocurrency Events

Blockchain sphere spread to offline for a long time ago. If you are tired of searching for crypto forums, contests and other events to visit, SwapSpace has already picked up information about the most popular huge crypto events worldwide.
We find out TOP annual events. Check out the list and just choose the most suitable one to go.
  1. Blockchain EXPO
Is Europe’s largest annual international Blockchain Conference
About
Blockchain EXPO is one of the largest blockchain conferences and exhibitions in Europe dedicated to the future of corporate technology.
Leading experts of blockchain industry will give presentations, case studies in the field of the latest technologies and interactive group discussions will be presented. Seminars will also be held on research in the industries that will be most affected by this new technology, including legal sector, trade and real estate, financial services, healthcare, insurance, and much more, and even art.
Thematic blocks of the event include cryptocurrency and financial services, Blockchain for enterprises, businesses, Blockchain platform and strategies, development of Blockchain apps & technologies, Blockchain seminars; as well as a zone of innovation and investors.
Within two days, the event will feature top-level content from leading world brands in the field of advanced blockchain technologies.
It is worth noting that the Blockchain EXPO event is held in collab with IoT Tech Expo, 5g, AI & Big Data Expo and Cyber ​​Security & Cloud Expo, which you can learn about several technologies at once in one place.
500+ Speakers
Among them: John Calian, Senior Vice President | Head of T-Labs & The Blockchain Group | Deutsche Telekom AG;
Andrei Bolocan, Technology Specialist Supply Chain | The HEINEKEN Company;
Arwen Smit, EMEA Lead Mobility Open Blockchain Initiative | MOBI,
Dimitri De Jonghe Co-Founder | Head of Research BigchainDB | Ocean Protocol, Michelle Chivunga Chair — International Committee The British Blockchain Association.
Next Event: 1–2 JULY | 2020 | Amsterdam, Netherlands.
  1. Blockchain Life
Blockchain Life is another one of the largest in Europe international forums dedicated to cryptocurrencies, mining and blockchain at all.
About
Annually, the forum becomes the largest and most significant event of the blockchain industry in Europe.
The forum brings together world leaders and those who are just starting to become interested in the industry of blockchains and cryptocurrencies. It gathers up to 6000 participants from more than 70 countries.
Blockchain Life units world industry leaders, miners, business owners, blockchain developers, investors. It is a platform not only for professionals but for beginners also.
During 3 years of its existence, the forum became an international platform for the development of hundreds industry companies, a place for meeting market leaders with government officials, for the contracts conclusion that influences the global technology development.
Forum also includes Startup contest, where you can show your project and find investors.
Speakers
Among them: Felix Mago, co-founder Dash;
Roger Ver, CEO bitcoin.com;
Xinxi Wang, manager Litecoin Foundation;
Tim Draper, venture capitalist, founder of Draper Associates, DFJ & Draper University and others.
The last event was recent, 15–17 OCTOBER | 2019 | Moscow, Russia.
Next Event: next year, somewhere in Europe.
  1. The North American Bitcoin Conference
About
TNABC is one of the most important crypto meetups. The conference is dedicated to a wide range of topics, in particular, blockchain technologies, ICO specifics, features of Bitcoin and Ethereum, token sale mechanisms, investment and regulation.
Over the course of two days, speakers present their reports in 20-minute slots. Among them are the world most famous speakers, including CEOs, investors, government officials.
In a spacious exhibition hall, conference participants will be able to meet and chat with representatives of the most influential companies that set the tone in the cryptocurrency sphere.
Speakers 150+ speakers, among them: Harry Yen, Managing Director Binary Financial;
Jeff Mackdonald, Co-founder NEM Foundation;
Colleen Sullivan, Partner & CEO CMT Digital;
Vitalik Buterin, Co-founder Ethereum; and others.
Next Event: 15–17 JANUARY | 2020 | USA, Miami.
  1. Next Block Conference
About
NEXT BLOCK is one of the most popular annual worldwide crypto events, which include various programs every year.
NEXT BLOCK ASIA 2.0 “Affiliate Marketing in the Crypto Age” will be dedicated to CRYPTO and AFFILIATE. At the event, experts will discuss synergies and prospects for 2020. In addition, you can be represented in the exhibition area, where you will have the opportunity to show yourself to young professionals and move up the career ladder.
The conference lasts one day, followed by the AW event, which will be dedicated to affiliate marketing, gambling and contracts in the Crypto era, and will include discussions leading to the mega event.
At the event, experts raise the most relevant topics and each participant can take part in solving the problem.
This is an opportunity to communicate with movers and shakers of both crypto and partner worlds.
Speakers: 500+, among them:
Neo Say Wei, Chief Executive Officer — Neo & Partners Global and RF International Holdings; Giacomo Arcaro, №1 European ICO Growth Hacker, ICO STO Advisor, University Professor;
Felix Mago, Co-Founder of Dash Thailand;
Eloisa Marchesoni, Europe n. 1 Token Model Architect;
Itay Adam Owner of Adam Tech Media and product launch campaigner.
Next Event: DECEMBER, 3 | 2020 | Bangkok, Thailand.
  1. Blockchain Live
About
Blockchain Live is an innovative festival of content and collaboration that brings together a fragmented ecosystem to hold meaningful discussions and debates about how best to expedite the global implementation of blockchain.
Festival includes 5 Content Stages: Business Summit, Tech Connect Stage, Future Finance Stage, Crypto Impact Stage, GovChain Stage.
Festival program will provide an open-plan educational and networking environment that allows for more hands-on training, meaningful discussion and face-to-face meetings between participants and exhibitors, and will lead an honest discussion about the problems and benefits.
Unlike many other blockchain events, Blockchain Live does not dilute its content with joint technology demonstrations or overly crypto-oriented content. Instead, Blockchain Live focuses solely on the business potential of blockchain & DLT, encouraging conversations and debates about blockchain technology, while at the same time allowing hype and challenging critics to educate, improve their skills and direct long-term thinking on the strategic benefits of blockchain for business, governments and societies.
Speakers
Lucie Munier, Lead Project Manager | GovChain Research
Naeem Aslam, Columnist | Forbes
Nadeem Ladki, Director of Business Development | Ripple
Caroline Casey, VP, Innovation, Partnerships and Labs — Europe | Mastercard
Don Tapscott, Blockchain Live Festival Headliner — Co-Founder & Executive Chairman | Blockchain Research Institute, Co-Author Blockchain Revolution
Next Event: AUTUMN | 2020 | London, United Kingdom. The date would be announced soon.
  1. Devcon
Devcon is the Ethereum conference for developers, researchers, thinkers, and makers.
About
Devcon is an annual event held by the Ethereum Foundation. For new explorers of the Ethereum space, Devcon is an intensive introduction to new worlds of thought. For those already embedded, it is a family reunion and a source of energy and creativity.
Programming covers content ranging from the deeply technical to the profoundly human. This is a conference for builders of all kinds: developers, designers, researchers, client implementers, test engineers, infrastructure operators, community organizers, social economists and artists.
We host Devcon to educate and empower the community to build and use decentralized systems. Our goal is to push the boundaries of possibility in our mission to bring decentralized protocols, tools, and culture to the world.
Speakers:
Vitalik Buterin, Creator Ethereum | Ethereum Foundation,
Audrey Tang, Taiwan Digital Minister,
Micah White, Co-Creator of Occupy Wall Street | Activist Grad School,
Zoë Hitzig, PhD candidate in Economics | Harvard,
Andreea Minca, Associate Professor | Cornell University.
The last event was on October 8–11, 2019 at ATC Hall 2 Chome 1–10 Nankokita, Suminoe Ward. Osaka, Japan.
Next Event: Next year, the date would be determined later.
There are much more large crypto contests and festivals, and it’s almost impossible to select it by particular criteria, so we chose the most outstanding events to give you the ability to determine the most suitable for you.
List of hugest crypto events
If you still haven’t decided what the event you’re gonna visit, you can have a look at the list of events from CoinMarketCap: https://coinmarketcap.com/events/
So, now you’ll probably find the most suitable event for you. Stay with SwapSpace, check out for the hot news.

SwapSpace team is always ready for discussion. You can drop an email about your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook The best rates on https://swapspace.co/ Why is SwapSpace https://blog.swapspace.co/2019/09/17/why-is-swapspace/
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How the blockchain is changing money and business Don Tapscott Keynote: The Blockchain Revolution: State of the Union - Don Tapscott Don Tapscott Blockchain Revolution How the Technology ... Don Tapscott On The 'Blockchain Revolution'  Full Speech ... Don Tapscott: Blockchain Revolution

What is the blockchain? If you don't know, you should; if you do, chances are you still need some clarification on how it actually works. Don Tapscott is here to help, demystifying this world-changing, trust-building technology which, he says, represents nothing less than the second generation of the internet and holds the potential to transform money, business, government and society. Tapscott’s latest book, entitled BLOCKCHAIN REVOLUTION: How the Technology Behind Bitcoin is Changing Money, Business, and the World is co-authored by his son Alex Tapscott.. This will be the first book to explain why blockchain technology – a truly open, distributed, global platform – will fundamentally change what we can achieve online, how we do it, and who can participate. Dear Crypto Community and Blockchain buddies throughout the globe!! We are proud to current you with an unique interview with two unimaginable futurists and influential figures within the #Blockchain area: Don and Alex Tapscott, the co-authors of Blockchain Revolution and co-founders of the Blockchain Research Institute. Don Tapscott is likely one of the most influential … Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World - Kindle edition by Tapscott, Don, Tapscott, Alex. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World. Don Tapscott is a famous businessman and speaker specializing in business strategy. He dedicates himself to the study of the organizational transformation and the role and impact of blockchain technology on the business industry and society.

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How the blockchain is changing money and business Don Tapscott

Don Tapscott is here to help, demystifying this world-changing, trust-building technology which, he says, represents nothing less than the second generation of the internet and holds the potential ... How the Underlying Technology of Bitcoin is Changing Money, Business and the World Don Tapscott is one of the world’s leading authorities on innovation, media, and the economic and social impact ... Ted Talks with Don Tapscott. Explains the Blockchain and why this transaction is here to stay and will be the evolution of money transactions . Bitcoin was l... #Bitcoin#DeFi#blockchain DeFi protocols like yearn.finance, Serum, Polkadot are booming again! I will reveal my crypto alt coins portfolio in the next video ... Don Tapscott Blockchain Revolution How the Technology Behind Bitcoin Part 01

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