Peeps by @MattPeterman
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€200 billion under the mattress. Increasing compliance, low-interest rates, lack of alternative investments probably drives German citizens to hold €200 billion in cash at home. Maybe wider adoption of blockchain, and tokenisation of would be a partial solution to locked capital.
Blockchain can enable companies to access more data for AI, risk underwriting ... and at the same time preserve the privacy of consumers.
2. This data would enable insurers to perform actuary processing, AI underwriting with using larger sets of data (e.g. data that are currently locked at Google, FB.). https://youtu.be/MozDSajpLTY (go to 37.27)
1. Why AI needs blockchain? Today AI needs data but this data is locked in insurance companies, FB, Google etc. But if consumers would own their data on blockchain with privacy protected computation, that would enable marketplace where consumers can sell bits of their data.
Cu standard for tokens.
NY City Blockchain Summit with Crypto IQ and InsurePal. European and US ICO best practice.
"Cryptocurrency platforms have exorbitant fees, and they're hard to use.” Excluding Peepeth;-)
http://www.businessinsider.com/robinhood-crypto-stock-trading-new-funding-valuation-2018-5
n mutual insurance effects of Dunbar number are lost (number of people with whom one can maintain stable social relationships).
Token economics enables mutual insurances to bring back personal relations among members
Replying to @abcoathup (0x13ebd3443fa5575f0eb173e323d8419f7452cfb1)
#psa <b>There is no delete. All peeps are public.</b> Your peeps can be seen by future you. Plus future employers, partners, grand kids, mainstream media, political parties, advertisers and your mother. Peep responsibly and check for typos.
Right to be forgotten (GDPR). Some blockchain solutions enable the right to be forgotten by making data unreadable.
Opportunistic fraud, like whiplash, false poisoning claims - rising in the UK. Blockchain that brings mutualization and peer pressure or policing - what is your opinion?
@charlieshrem and co-founder of @insurepal Tom Volk in Dubai
Incumbents vs. Disruptors in Blockchain with Oliver Volk (Allianz
RE) Christoph Mussenbrock (Etherisc) Alan Cabello, Martin Baier (Zurich) @hughkarp at Blockchain Expo in London. @Insurepal.io
Blockchain, GDPR, P2P, social proof in insurance. Great panel at Willis Towers Watson forum lead by Magdalena Ramada Saraso.la, with Carlos Albo Portero (Wenalyze) and Philip Williams (Simply Business) and InsurePal.
Blockchain and token economy - what they can do for Insurance.