{"id":1624,"date":"2018-09-07T02:55:43","date_gmt":"2018-09-07T02:55:43","guid":{"rendered":"https:\/\/insurance.risk.exchange\/?p=1624"},"modified":"2020-12-04T05:59:38","modified_gmt":"2020-12-04T05:59:38","slug":"commercial-insurance-need-business-model-change-not-just-blockchain","status":"publish","type":"post","link":"https:\/\/insurance.risk.exchange\/en_ca\/commercial-insurance-need-business-model-change-not-just-blockchain\/","title":{"rendered":"Businesses need Business Model Change to Grow & Prosper!"},"content":{"rendered":"

Not just digitalization.<\/strong><\/p>\n

When Jimmy Song, a venture partner at Blockchain Capital, took to the stage at Consensus 2018 (wearing a black cowboy hat), he launched an attack on the blockchain-is-the-answer-to-everything mentality. He said, \u201cWhen you have a technology in search of a use, you end up with the crap that we see out there in the enterprise today.\u201d<\/p>\n

Jimmy was clearly trying to be provocative and burst the bubble of blockchain fanatics, but he has a point. It\u2019s not so much about blockchain per se (although this may be where the worst offences are committed) but about the focus on technology in general.<\/p>\n

Every day we are bombarded with articles about the need to digitize or about how [Blockchain\/AI\/APIs\/Cloud\/Mobile\/IoT] will transform or disrupt such and such an industry.<\/p>\n

But we forget that technology in the absence of new business models never changed anything.<\/p>\n

That’s why we decided to reinvent the old Commercial Insurance Process by making it 24 x 7 and Globally connected; involving and focusing on the client (not just the standard industry players); and embedding communication and collaboration; providing advanced security and transparency; and streamlining and getting rid<\/strong> of all the unnecessary archaic processes that consume time and people. <\/p>\n

And make everything simple, intuitive and easy to use.<\/p>\n

And we do use Blockchain where it has maturity and where it makes sense. <\/p>\n

Reference:<\/strong><\/p>\n

https:\/\/medium.com\/@RobinsonBenP\/firms-need-business-model-change-not-blockchain-bc8b0b2466bb<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Not just digitalization. When Jimmy Song, a venture partner at Blockchain Capital, took to the stage at Consensus 2018 (wearing a black cowboy hat), he launched an attack on the blockchain-is-the-answer-to-everything mentality. He said, \u201cWhen you have a technology in search of a use, you end up with the crap […]<\/p>","protected":false},"author":14,"featured_media":1629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/insurance.risk.exchange\/en_ca\/wp-json\/wp\/v2\/posts\/1624"}],"collection":[{"href":"https:\/\/insurance.risk.exchange\/en_ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurance.risk.exchange\/en_ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurance.risk.exchange\/en_ca\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/insurance.risk.exchange\/en_ca\/wp-json\/wp\/v2\/comments?post=1624"}],"version-history":[{"count":0,"href":"https:\/\/insurance.risk.exchange\/en_ca\/wp-json\/wp\/v2\/posts\/1624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurance.risk.exchange\/en_ca\/wp-json\/wp\/v2\/media\/1629"}],"wp:attachment":[{"href":"https:\/\/insurance.risk.exchange\/en_ca\/wp-json\/wp\/v2\/media?parent=1624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurance.risk.exchange\/en_ca\/wp-json\/wp\/v2\/categories?post=1624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurance.risk.exchange\/en_ca\/wp-json\/wp\/v2\/tags?post=1624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}