True P2P insurance requires the blockchain to work

True P2P insurance requires the blockchain to work submitted by /u/joshuad31
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Source: ethereum
True P2P insurance requires the blockchain to work

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Bitcoin is ‘Schmuck Insurance’: Morgan Creek Capital Founder

bitcoin is schuck insurance

Bank of America Merrill Lynch recently surveyed fund managers and found that investors are the most bullish they’ve been on bonds since the end of 2008.  But that popularity comes as long-term risks are developing for traditional asset classes. For these reasons, Morgan Creek Capital Founder & CIO, Mark Yusko thinks new types of protective ‘’ such as may be warranted.


Investor Perceptions vs. Market Reality

While the traditional expectations call for a slow summer trading period, stocks have consistently traded under heavy selling pressure and posted some of their most volatile single-session performances of 2019.  Bearish catalysts first appeared in the U.S. bond space, where the yield curve inverted for the first time since the 2008 financial crisis.  

As a result, bond markets now meet three of the four main characteristics which define a ‘bubble’ environment for global government debt.  But despite this clear evidence of macro uncertainty, government bonds haven’t been this popular in more than a decade.  

Evidence of Global Deterioration

Mark Yusko, Founder, and CEO of Morgan Creek Capital Management responded to these developments in a recent interview with CNBC:

I think we’ve got the biggest bond bubble we’ve ever seen in history… and it’s starting to show signs of deterioration.

Unfortunately, these signs have become visible in most regions around the world.  Let’s take a look at the activity in bond markets for developed countries in several regions. 

We should start with the world’s largest economy, where the U.S. Treasury market’s 30-year bond yield has an all-time low clearly in its sights:

Source: Bloomberg

Next, we can look at government bond yields from Sweden and Switzerland (two of Europe’s strongest and most stable economies) dating all the way back to 1870:

Source: Longview Economics, Macrobond

Last, we will look at perpetual bonds in the U.K. (also referred to as consols) dating back to 1700.  Essentially, these yields are tied to bonds that the government can redeem any time they want (without much advance warning):

Source: Longview Economics, Macrobond

Needless to say, these are all very long-term comparisons.  Essentially, these broader time frames make it much more difficult skeptics to dismiss the current trends as simple one-off events.

Bitcoin As ‘ Insurance’

By historical standards, equities remain overvalued even after their recent declines.  So if the relative safety of bonds continues to evaporate, it stands to reason that investors may start to see value in untapped areas of the market.  

In his CNBC interview, Yusko offers some final advice to traders and goes on to explain why a long-term bitcoin investment can act as a hedge against global uncertainties: 

People that watch the daily price of bitcoin are really missing the point.  The whole idea of bitcoin is that it’s a store of value It’s a chaos hedge, or ‘schmuck insurance’ as I like to call it.  What we need to think about is the long-term trend. What you want to do is own a piece of the network. You want to have 1, 2, 3 or 5% of your net worth in this asset.

Do you think bitcoin works as a hedge against global economic uncertainty?  Let us know in the comments below!


Images via Bitcoinist Image Library,

The post Bitcoin is ‘Schmuck Insurance’: Morgan Creek Capital Founder appeared first on Bitcoinist.com.


Source: bitcoinist
Bitcoin is ‘Schmuck Insurance’: Morgan Creek Capital Founder

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Insurance Giant Allianz Is Working on a Token-Based Blockchain Ecosystem

is working on a token-based system, expecting it to streamline international payments for its corporate customers


Source: cointelegraph
Insurance Giant Allianz Is Working on a Token-Based Blockchain Ecosystem

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Insurance Giant Allianz Is Working on a Token-Based Blockchain Ecosystem

Insurance Giant Allianz Is Working on a Token-Based Blockchain Ecosystem

This article was originally posted on Cointelegraph – an independent publication covering cryptocurrency, the , decentralized applications, the internet of finance and the next gen […]
Source: cryptonewsmonitor
Insurance Giant Allianz Is Working on a Token-Based Blockchain Ecosystem

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Blockchain Insurance Group B3i Launches 1st Product On Corda

blockchain insurance group


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The B3i is in the latest cryptocurrency news for a new announcement which aims to use blockchain tech in the insurance industry. As the news show, the blockchain group has recently launched the first product on R3’s Corda platform.

Announced on Wednesday, the release of the B3i v1.0 of the Property Catastrophe Excess of Loss Reinsurance product also follows the firm’s announcement made last year – that it would use Corda when building its future products. The blockchain insurance group is apparently making their goals a reality.

Named Cat XoL, the new blockchain product is aimed to bring greater speed as well as lower cost to the markets, as many best cryptocurrency news sites reported. It will as such allow insurers, reinsurers and brokers to “interact, negotiate and place risk more securely and efficiently.”

The blockchain insurance group revealed:

“The B3i Cat XoL product is a ‘first of its kind’ proposition which provides a market wide, integrated network of B3i V1.0 nodes. Integrating brokers with insurers and reinsurers, this provides the participants with a dedicated infrastructure for risk transfer execution, where data is not only exchanged but also notarised and certified.”

This product also removes the need for some of the manual and time-consuming tasks from the process of renewing an insurance treaty. As the blockchain insurance group noted, it also ensures that only relevant parties are given real-time access to the contract terms and conditions, offerings, signatures etc. – removing the “contract uncertainty” that afflicts the current manual processes, as the firm explained.

B3i also said that it has “worked with the market” to develop the product. The operational risk of the new solution is also reduced, thanks to the elimination of manual errors such as double data entries and other issues.

“B3i is shipping its first application and this is our first opportunity to share with the wider market, not only the Cat XoL application, but also the wider infrastructure we have built to date. The importance of this release is fundamental in delivering to the insurance market the ability for seamless negotiation, efficient placement and contract certainty on a distributed platform that allows parties to retain ownership of their data,” the blockchain insurance group concluded.

The post Blockchain Insurance Group B3i Launches 1st Product On Corda appeared first on DC Forecasts – Leading Digital Currencies.


Source: dcforecasts
Blockchain Insurance Group B3i Launches 1st Product On Corda

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Nigerian Deposit Insurance Corporation Warns Against Crypto Dependency

The Nigeria Corporation (NDIC), a federal overseer and safety net provider, has issued a public warning about relying on cryptocurrency transactions in a press release on July 25.

According to the press release, managing director and CEO of NDIC Umaru Ibrahim said that relying on cryptocurrencies is very risky, because they are unregulated and unbacked by central banks in most financial jurisdictions. 

Much like the United States’s Federal Deposit Insurance Corporation, the NDIC provides a safety net for depositors and aims to protect the banking system from instability caused by bank runs or loss of confidence.

House speaker notes need for crypto regulation

Ibrahim initially voiced his concerns during a courtesy call with the NDIC board and the Speaker of the House of Representatives, according to a report by the news outlet Ripple Nigeria on July 25.

Speaker Femi Gbajabiamila, voiced an eagerness to regulate cryptocurrencies and partake in the emerging global crypto market, saying:

“The NDIC and other safety-net participants in the country must not be left behind in the adoption of appropriate regulatory framework to deal with the prevalence of cryptocurrencies in the global financial space.”

As previously reported by Cointelegraph, Gbajabiamila also discussed the difference between the NDIC and the Central Bank of Nigeria. The speaker said that the House of Representatives would assist NDIC in growing its statutory functions, without infringing upon the central bank’s domain of responsibilities.

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https://cointelegraph.com/news/-deposit-insurance-corporation-warns-against-crypto-dependency


Source: cryptoassethome
Nigerian Deposit Insurance Corporation Warns Against Crypto Dependency

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Nigerian Deposit Insurance Corporation Warns Against Crypto Dependency

n The CEO of the Nigeria Corporation says citizens take a high risk by relying on crypto, since there is little regulationn
Source: cryptscout
Nigerian Deposit Insurance Corporation Warns Against Crypto Dependency

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Nigerian Deposit Insurance Corporation Warns Against Crypto Dependency

The CEO of the Nigeria Corporation says citizens take a high risk by relying on crypto, since there is little regulation


Source: cointelegraph
Nigerian Deposit Insurance Corporation Warns Against Crypto Dependency

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Nigerian Deposit Insurance Corporation Warns Against Crypto Dependency

Nigerian Deposit Insurance Corporation Warns Against Crypto Dependency

This article was originally posted on Cointelegraph – an independent publication covering cryptocurrency, the , decentralized applications, the internet of finance and the next gen […]
Source: cryptonewsmonitor
Nigerian Deposit Insurance Corporation Warns Against Crypto Dependency

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Blockchain Insurance Projects on the Rise

Blockchain Insurance Projects on the Rise submitted by /u/DanielGraham30
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Source: CryptoCurrency
Blockchain Insurance Projects on the Rise

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