ANZ, IBM Develop a Blockchain Insurance Solution in New Zealand
News – CCN
ANZ, IBM Develop a Blockchain Insurance Solution in New Zealand
New Zealand’s largest bank ANZ, with tech partner IBM, has successfully developed a blockchain solution that will serve as a ‘single source of truth’ for insurance companies and brokers. The Australia and New Zealand Banking Group (ANZ) has concluded a successful proof of concept using blockchain technology to make data transfers more efficient with faster, …
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Our regulatory expert Si?ƒn Jones joined us to discuss her work on a regulatory framework for distributed ledger technology (DLT) for Gibraltar. We discuss how the framework differs from other efforts and aims to attract rather than curtail blockchain businesses. We also covered why the rapid changes require the flexibility of a principle-based approach to regulation. Finally, we discussed current trends around ICOs and how they could be impacted by regulation.
Topics discussed in this episode:
How the Gibraltar DLT Regulatory Framework came about
How Gibraltar’s approach differs from others like BitLicense
Why a principle-based approach is preferable for technology regulation
Why the framework focuses on custodial services, not decentralized protocols
The path from proposal to regulation
Recent trends in how ICOs are conducted
Why principle-based regulation could improve the ICO market
Links mentioned in this episode:
Sponsors:
Jaxx: Wallets that Unify the Blockchain Experience Across Devices –
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Epicenter is hosted by Brian Fabian Crain, S?ƒbastien Couture & Meher Roy.
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