Blockchain in 3 minutes
You’ve probably already heard of Blockchain, but do you know what it is and how it works? Régis Delayat, Senior Digital Advisor to the Chairman, explains with the help of a new SCOR video.
In the insurance and reinsurance industry, exchanges throughout the entire value chain are cumbersome and inefficient, often based on paper or pdf documents that are impossible to integrate directly or without re-keying them into our systems. Blockchain will accelerate the dematerialization and the security of all insurance, coinsurance and reinsurance transactions.
SCOR has long been committed to the modernization of processes within our industry: steering the Ruschlikon initiative to develop e-administration in reinsurance, launching a Blockchain proof-of-concept and playing a major role in B3i, the consortium created at the end of 2016 to develop Blockchain within the insurance industry”.
Régis Delayat, Senior Digital Advisor to the Chairman