Blockchain

Rethinking excluded pandemic (and other) risks

It’s times like these with a global pandemic when we are reminded- insurance as a concept is simply not that complicated.  We make it so, with regulation, complex policy language, limited access to the products, seemingly endless variety of lines, mystique about its function, a vernacular that challenges even the legal world, etc. Why this matters is that most cultures/countries/economies are ill-suited…

Being Smart About Your Smart Contract — Follow Up to “Being Secure About Your Security Token Offering”

Work With, Not Against, Your Regulators! Timing is everything! And now is the time that the digital asset and cryptocurrency space work with Global Regulators in order to widely adopt this emerging technology and ecosystem. These Regulators have issued a number of new statements, cautions, and taken actions, since we published our article on October 2nd, 2019, entitled “Being Secure About Your…

Being Secure About Your Security Token Offering

Preparing for the Evolving World of Digital Assets Over the past several years, we have witnessed the rise of digital, tokenized assets attempting to break out of the confines of stock exchanges and illiquid private investments. Security Tokens are a third category of tokenization, different than Crypto-Currencies (Bitcoin, Ethereum, etc.) and Utility Tokens, in which the tokens represent fractional ownership in a…

What Facebook’s Libra Association Can Learn from Existing Blockchain Consortia

It’s been an interesting summer for blockchain. We’ve seen Facebook’s Libra white paper launch, David Marcus testify in front of Congress on Libra’s behalf, Congress ask some interesting questions about the technology and regulators scrutinize Facebook’s use of it. Regardless of the responses by different parties, Facebook’s blockchain entrance via Libra, and the subsequent media and congressional reaction, created a buzz that…

Want Property Insurance to Really Change? The Straight Indemnity Policy Needs to Go

The Insurance Elephant has a day job- as building consultant working with insurance carriers, sorting out vendor estimates, appraisals, unique damage cases, consulting on damage repairs, in the end addressing or confirming estimates of claim damages.  It’s great work, and the Beast figures he is contributing to customer and carrier resolutions. The realization is that property insurance (at least within the U.S.)…