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Despite its relative infancy, the potential for blockchain technology to disrupt the insurance industry and change the way we share data, process claims and prevent fraud is intriguing. Statistics indicate that only 17% of California households carry earthquake insurance even though the likelihood of experiencing losses from an earthquake are high; so can blockchain facilitate trust in such a case? Blockchain and Dapps offer the insurance industry great potential in terms of transparency to streamline the payments of claims and premiums.

These two technologies have the potential to enhance the significant digital transformation that is already taking place in the insurance industry. Data is critical and forms the basis of the industry as well as the transformation. For instance, underwriters and actuaries use the ever expanding space of data to build models which help to accurately estimate risk and then price it accordingly. One of the most exciting models that employ blockchain is telematics. Insurers are making use of data from sensors to help price motor risk more accurately thus helping in reducing the premiums for the young and safer drivers. This technology is even finding application in home insurance. Another example is everledger which uses blockchain to create a distributed ledger that contains a record particular details for precious stones. This ledger has come in handy in helping insurers trace the history of each stone (including any records of past claims made on the particular stone) and thus detect and prevent any fraudulent activities. …

Emerging and re-emerging viruses pose a significant threat to public health and global economies. Moreover, outbreaks caused by emerging and re-emerging viruses continue to increase in frequency as a result of changing socio-economic, environmental, and ecological factors.[1] Notably, the zoonotic viral pathogens, severe acute respiratory syndrome coronavirus (SARS-CoV), Middle East respiratory syndrome coronavirus (MERS-CoV), Ebola virus, chikungunya virus, and Zika virus, have emerged on a global scale in recent years; although less widely publicized, other emerging viral pathogens such as monkeypox virus and Andes virus have led to smaller recurrent outbreaks. A critical challenge for combating these outbreaks is often the discordant relationship between the economic status of outbreak “hotspots” and resource distribution or control capacity within these regions. In addition, the development and delivery of therapeutics for combating such outbreaks have been complicated by both the associated costs in design and development for novel antiinfective therapeutics and the requirements for regulatory approval and licensure.[2] …

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The independence of society, in the way it develops, characterizes all forms of everyday life energy. From consumer behavior patterns and artistic expression to political planning and responses to challenges. The copying of foreign standards is nowhere near the end of the introduction of directed and controlled outlets without a positive outlook for the host society. It results in sterile and dangerous xenophobia from what we are used to in recent years. And as the great and tragic Greek intellectual Pericles Giannopoulos rightly said, xenomania is unenlightenment.


Antonios Valamontes

mobile payments, ebanking, currency exchange, global banking #doecoins #coinswap #exchange #blockchainbank

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