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Blockchain 101: How Smart Contracts Impact the Insurance Professional

Blockchain 101: How Smart Contracts Impact the Insurance Professional

Quick Overview

Updated for 2024, this session brings blockchain out of the shadows of insurance tech speak. Let's face it. Many in the insurance world aren't as technologically savvy as we should be. Blockchain is a distributed ledger technology that is already impacting the insurance world in some circles. Join us as Martin Frappolli takes the complex and makes it understandable for those of us who wonder why anyone would make a chain out of blocks.

$99.00

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Duration 1 hour
Location Online Webinar
Formats On-Demand
Instructor Martin FrappollliMartin Frappollli

Blockchain is best known as the technology underlying cryptocurrencies like Bitcoin, but what is blockchain and how does it work? In this session, we'll look at the basic features of the distributed ledger technology that defines blockchain and how it applies in financial transactions. Next, we'll move on to "Blockchain 2.0" and examine how smart contracts expand the utility of blockchain applications. We conclude with a survey of potential insurance applications and try to answer if blockchain is a game-changer for risk management.

By the end of this session, you should be able to:

  • Explain the nature and function of distributed ledger technology and how it reduces friction in financial transactions.
  • Describe how smart contracts stored on a blockchain could expand the capacity of distributed ledger technology beyond cryptocurrencies.
  • Project how and where blockchain applications can be useful or transformative for risk management and insurance organizations.
$99.00
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