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

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

Richard Kasteleinhttps://www.the-blockchain.com
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, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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