Blockchain Based Risk Transfer

Daniel Robles, Co-Founder of Integrated Engineering Blockchain Consortium participates in Risk Roundup to discuss Blockchain-based Risk Transfer. Blockchain Based Risk Transfer The demand for transparency is increasing across nations: its governments, industries, organization, and academia (NGIOA) as the current centralized systems do not power transparency and are proving ineffective. Over the years, risk management has lost its meaning and way. Despite numerous efforts from across nations, how we manage risks today, remains largely basic, difficult to verify, and futile. This is due to many reasons as who identifies risks to who evaluates risks, who transfers risks to how risks are transferred, who manages risks to for whom the risks are managed plays a very important role in the global risk ecosystem. When the risks from cyberspace, geospace, and space (CGS) add to the complexity of the risk ecosystem, who can be trusted to manage all data about each and every risk from CGS and all its interconnections? The truth is that as of now, no single individual or entity across NGIOA can be trusted to identify, evaluate, manage or govern the growing complex interconnected and interdependent risks from CGS. This is a cause of great concern. In the global CGS risk ecosystem, relying on any individual, or even an entity would create an inherent bias and weakness in the much-needed neutrality and transparency, risk management demands. This is mainly because anyone involved in the risk management or governance would ultimately care for only its own bottom line or its interests and affiliates’ bottom line. This could lead to selective disclosure of risks or, worse, even extortion. So, what can be done? Who can fill the role? It seems blockchain promises us a whole new approach and way of managing risks using a global peer-to-peer network that provides an open platform that can deliver neutrality, reliability, integrity, transparency, and security in the way we manage risks. This changes everything. Blockchain technology brings a promise of potential to manage not only independent but also interconnected and interdependent cyberspace, geospace and space risks facing individuals and entities across nations: its government, industries, organizations, and academia. Now is the time to talk about blockchain-based risk transfer! For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast About the Guest Dan Robles PE, MIB is the co-founder of the Insurance-Engineering Blockchain Consortium. IEBC is committed to researching and developing adjudicated smart contract applications for risk transfers in the infrastructure industries. Dan is the Founder of The Ingenesist Project (TIP), a think-tank developing business methods for blockchain technology in engineering, finance, and insurance. Also, the founder of Community Engineering Services (CES), an engineering consulting firm in the Seattle Area that applies TIP research toward unique solutions for challenging engineering problems in the construction, aviation, and technology industries. Dan is recognized worldwide as a pioneer of intangible asset productivity and blockchain applications for the engineering profession. Dan’s background includes the primary design of commercial and military aircraft, test engineering for the U.S. Space Shuttle, commercial satellite deployment systems, commissioning agents for commercial aircraft and service engineering for International Airlines. Mr. Robles worked on mechanical effects for television and film and is an adjunct engineering and business lecturer. Dan is a Blogger at Ingenesist.com, Coengineers.com Insurancethoughtleadership.com, relationship-economy.com, and several others. Dan Robles is the founding Chairman of the FinTech Task Force for the National Society of Professional Engineers. Dan also serves on the Edmonds City Planning Board. About Risk Group Risk Group is a leading strategic security risk research and reporting organization. Copyright Risk Group LLC. All Rights Reserved Reference Episodes: The Rise of Initial Coin Offering (ICOs)- Risks and Rewards Emerging Technologies Geopolitics Cashless Economy – Risks & Rewards Protecting Cryptocurrency Blockchain based Insurance Model for Managing Aging Infrastructure Risks Smart Contracts – Risks & Rewards Blockchain & Machine Learning Based Content Platform Blockchain Revolution – Risks & Rewards Securing the Internet of Things using Blockchain Convergence The Convergence of Blockchain and Internet of Things Blockchain Applications for Emerging Economies Blockchain based Creative Content Collaboration Applications of Blockchain Technology What Should Bankers Know About Financial Technology Blockchain based Network Security Digital Transformation of Financial Industry Will Blockchain Secure the Internet of Things The post Blockchain Based Risk Transfer appeared first on Risk Group.