Blockchain part 1: Captives in a volatile world
From: Captive International, August 7, 2017
The banking and insurance sectors are not alone in engaging in heated debate about the opportunities, risks, and potential applications offered by blockchain technology. How will it affect alternative risk transfer—and especially the captives market? Marcus Schmalbach of BlockART Institute investigates.
One cannot plan for or predict the impact, or the extent, of disruptive inventions. Companies need to investigate and analyse megatrends and the latest developments on the market. These in turn lead to a constant flow of new buzzwords that dominate press coverage and penetrate the jargon used by companies and research institutions alike. One of the latest is “blockchain”. Is this just a trend or a real game-changer? This question has yet to be answered.