{"id":159,"date":"2017-05-24T05:35:43","date_gmt":"2017-05-24T05:35:43","guid":{"rendered":"http:\/\/www.creative-ispiration.com\/wp\/alpine\/?p=159"},"modified":"2020-12-04T05:52:17","modified_gmt":"2020-12-04T05:52:17","slug":"159-2","status":"publish","type":"post","link":"https:\/\/insurance.risk.exchange\/en_gb\/159-2\/","title":{"rendered":"Simple Intro to Smart Contracts"},"content":{"rendered":"<h2>Blockchain + Smart Contracts.<\/h2>\n<p>Is this the way of the future? We think so. Not yet a mature model, but heading in the right direction. Needs a few more real live solutions and an increase in new features and functions. As a technology &#8211; it&#8217;s great but it&#8217;s a bit &#8220;under the hood&#8221; &#8211; it really has to start making real businesses significant money or provide significant cost saving, otherwise it will be slow to take off.<\/p>\n<p>We will use Blockchain and Smart contracts to manage post-trade lifecycle events for Primary Risk and Reinsurance including payments, amendments, and novations.<\/p>\n<p>So besides\u00a0a synchronized, distributed &#8220;golden record&#8221; of transactions on the blockchain, the smart contracts will provide economic terms, as well as computational logic to manage permissions and control event processing.<\/p>","protected":false},"excerpt":{"rendered":"<p>Blockchain + Smart Contracts. Is this the way of the future? We think so. Not yet a mature model, but heading in the right direction. Needs a few more real live solutions and an increase in new features and functions. As a technology &#8211; it&#8217;s great but it&#8217;s a bit [&hellip;]<\/p>","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/insurance.risk.exchange\/en_gb\/wp-json\/wp\/v2\/posts\/159"}],"collection":[{"href":"https:\/\/insurance.risk.exchange\/en_gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurance.risk.exchange\/en_gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurance.risk.exchange\/en_gb\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/insurance.risk.exchange\/en_gb\/wp-json\/wp\/v2\/comments?post=159"}],"version-history":[{"count":0,"href":"https:\/\/insurance.risk.exchange\/en_gb\/wp-json\/wp\/v2\/posts\/159\/revisions"}],"wp:attachment":[{"href":"https:\/\/insurance.risk.exchange\/en_gb\/wp-json\/wp\/v2\/media?parent=159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurance.risk.exchange\/en_gb\/wp-json\/wp\/v2\/categories?post=159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurance.risk.exchange\/en_gb\/wp-json\/wp\/v2\/tags?post=159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}