Expanding the Practical Use of Blockchain Technology Within Insurance
The Institutes RiskBlock™ Alliance is joining forces with Accenture in a move that will see both companies expand the use of blockchain technology within the insurance sector. Accenture joins the Alliance as the lead framework architect responsible for developing a “production-grade platform” to create and implement blockchain use cases.
The Institutes RiskBlock Alliance is who seek to advance “insurance-specific use cases via interoperable blockchain architecture.” RiskBlock was created by The Institutes, a leading and trusted insurance knowledge group committed to developing the risk management and insurance industry.
is a professional services firm that helps clients improve performance and create sustainable value, while driving innovation that enhances the way the “world works and lives.”
As lead framework architect, Accenture will be responsible for conceptualizing, designing and developing the platform that will be used by the consortium to support and execute its industry-driven use cases. They will also provide support on an ongoing basis after development for maintaining the platform as the needs change and technologies evolve.
Accenture’s global insurance lead, Michael Costonis, toldbitcoin Magazine, “Accenture is building out the blockchain framework to allow for ease of use by RiskBlock’s membership and eventually for other stakeholders within the insurance ecosystem.”
He said, “As insurers increasingly rely on partnerships to create business efficiencies and improve customer experiences, blockchain technology will be critical to holding partners accountable without first needing to establish trust.”
RiskBlock plans to serve industry policyholders and save costs by “streamlining payments, reducing fraud and improving the accuracy of customer data” using applications and tools developed via its interoperable blockchain architecture.
Christopher G. McDaniel, president of The Institutes RiskBlock Alliance, said the consortium is committed to creating insurance solutions using blockchain technology.
“Partnering with Accenture to develop real-world blockchain applications will lead to better insurance solutions and chart a clear course for effectively implementing blockchain technology throughout the insurance industry,” McDaniel said.
Earlier this year, The Institutes RiskBlock Alliance developed a blockchain-based that improved efficiencies in the accounting and payment areas of claim processing.
Fluttercoin (FLT) Price Alert, Chart & News on OhioBitCoin.com More detail: https://ohiobitcoin.com/coins/fluttercoin Fluttercoin (Symbol: FLT) is a distributed, open-source digital currency initiated in March 2014. In spite of utilizing a hybrid Proof-of-Work/Proof-of-Stake consensus mechanism, the […]
ICO’s are swiftly changing the rules of funding for ambitious, new projects involving Blockchain. While ICO’s are proving to be a boon for budding and seasoned entrepreneurs with brilliant business ideas, they also present lucrative investment opportunities for investors, who gain profits from their coin/token holdings when the projects do well.
Win-win situation for both the parties? Not every time. There are ICO’s galore, but not all of them are worth investing in. In fact, most of the ICOs fail either because of incompetent ideas, team, articulation of the project to the audience, etc. or they are Ponzi schemes or scams from the very beginning. 51 projects conducted their ICO’s between July 1 and September 25th 2017, yet to meet their funding targets.
In my experience with ICOs, I have found out that there are no hard and fast rules around them which can help one decide if an ICO is based on a serious project, or a scam, or if it will do well or tumble. I look at various factors while considering an ICO for its investment potential, and my reviews are always backed with careful research and analysis. This time, the project I have reviewed is the Teky, and I believe that it will be worth investing in its token. Here’s why –
1. A great product empowering parents with new possibilities of educating their children
Teky is a not a run-of-the-mill e-commerce platform selling mobile phones and tablets. Mek.store, the project’s online store, will sell those, and a host of smart-tech technology products such as VR equipment, wearable technology, drones, robots, 3D printers, as well as STEM (Science – Technology – Engineering – Mathematics) education toys. And unlike other popular e-commerce platforms such as Amazon, it will not sell only expensive products from big brands, but it will also have products from lesser known brands from China and other countries, which are priced more economically but are at par with the quality of products from bigger brands. TEKY Academy, on the other hand, is an education company with Lab chains, franchisees, and online courses for children from 4 to 17 years old in 3 main categories including Programming & Application Development, Robotics & Engineering, and 3D Technology & Multimedia. Teky will offer cross-border delivery service of their products for parents around the globe. Thus, this platform can help parents introduce their children to technology in a constructive and safe manner at a young age.
2. TKC utility token
The TKC token can be used on mek.store for purchasing any tech product, or for purchasing any technical course from the Teky academy. The value of TKC will increase as its usage in the community increases. TKC token holders will be a rewarded with a share of annual profits.
3. Good reviews from Top ICO Listing sites
The Teky project is being perceived favourably by crypto-enthusiasts as well. It has a score of 8.53/ 10 on and a score of .
4. Project being featured by Major Media Houses
The project has been featured by platforms such , , , , , etc. With such renowned mainstream and crypto-media houses giving attention to Teky, it speaks volumes about the project’s credibility and potential.
5. Strong team
Teky is also a robust project because it has industry veterans working on it.
Emme Dao, the Group CEO & Founder has been a part of the executive management of several successful projects such as the multi-million dollar revenue earner NextTech Group, WeShop Group Holdings – a Cross Border E-commerce Business in Malaysia, Thailand, Indonesia, Philippines, Vietnam and US, and ViMo Payments Company – one of the leading mobile payment solutions in Vietnam.
Jack Yang – Group CTO & Co-Founder, has been working in the Blockchain space for 3 years, and has 10 years of experience in designing, building and developing IT system, information infrastructure for e-commerce transactions, online communication and ERP system. The profiles of all the team members can be found on their .
6. Great Recognitions
In March 2017, TEKY was recognized by Melbourne University and the Australian Government as the Most Outstanding Project that could have an impact on future society in Southeast Asia. In June 2017, TEKY was chosen as a Top 4 project in the NextGen Women Entrepreneurs Program in Switzerland.
7. Strong Partnerships
Teky has already entered into partnerships with eminent national and international organisations such as Hanoi Department of Education and Training, Hochiminh department of Education and Training, Next Tech Group of Technopreneurs, First Code Academy, Citibank, SIGNONG Media, VIC Partners, List Premier Education and Zenobot.
Thus, the project has several strong factors in its favour which underline its soundness and reliability. The project’s team members are connected with their audience on Facebook, Twitter, Telegram, Reddit, Medium, Steemit and Bitcointalk and keep updating them on developments about the project.
The details of the project are given in their whitepaper, a comprehensive but easily-readable document available in English, Vietnamese, and other languages on their website. To read their whitepaper, and stay updated on their upcoming ICO, visit their website: .
Did you like this review? Let me know in the comments.
Cryptovest Breaking: MyEtherWallet Website DNS Poisoned by Hacker MyEtherWallet’s DNS was compromised by a hacker who stole more than $150,000 in Ether from over a hundred different wallets in a sophisticated phishing attack. more info… […]
