Insurance Engineering Blockchain Consortium Launches – Insurance and Engineering Industries Team Up To Study Potential Blockchain Applications

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The Insurance Engineering Blockchain Consortium launched earlier this week online and the goal of the new consortium is to understand how Blockchain technology and smart contracts can serve the construction, infrastructure, and associated insurance industries upon which society depends.

The work of the consortium is based on several whitepapers published by the FinTech Task force for the National Society of Professional Engineers (NSPE) and the Quarterly Letter of the National Association of Insurance Commissioners, Center for Insurance Policy and Research (NAIC/CIPR).

Co-Founder Daniel Robles, PE stated:

“There may be an extraordinary opportunity for professional engineers to work closely with the insurance industry and financial institutions as the decentralized adjudication force to assure smart contracts in real work environments. The result would be increased process efficiency, fault-tolerance, enhanced valuation of assets and reduced risk exposures” 

The IEBC is currently accepting founding firms in the Insurance, banking, and infrastructure industries to help lay out the research and development agenda for the coming year.

The value of new construction in the US is nearly 1.4 Trillion Dollars. A complex web of contracts underwritten by insurance carriers and financial institutions spread across the US economic system manage this activity.

For information on joining the IEBC or to schedule an interview, please visit http://iebc.co or email info@iebc.co

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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