Decentralized Insurance

Author : Runhuan Feng
Publisher : Springer Nature
Page : 279 pages
File Size : 44,7 Mb
Release : 2023-05-21
Category : Mathematics
ISBN : 9783031295591

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Decentralized Insurance by Runhuan Feng Pdf

The book offers an introduction to the technical foundation of decentralized insurance models, for advanced undergraduate students, graduate students and practitioners. The book is self-contained and anyone with a basic knowledge of probability and statistics should be able to follow through the entire book. It adopts a minimalist approach to describe the essential elements and first principles so that readers can get a gist of these models without being overwhelmed with too much technicality. It can be used as a reference for business model designs. The inclusion of exercises and practical examples makes the book suitable for advanced courses on decentralized insurance and risk sharing. There is a mix of industry practices and academic models presented in this book. The exposition starts with an overview of historic and current business practices and preliminaries on the mathematics and economics of risk and insurance. A bird's-eye view of traditional insurance is provided as a benchmark for various topics to be used in contrast with decentralized insurance. The book then continues with decentralized insurance practices around the world, including online mutual aid originated in China, takaful from the Islamic world, peer-to-peer insurance in the West, catastrophe risk pooling for Carribean countries, etc. Theories of aggregate risk pooling and peer-to-peer risk exchanges are provided for readers to appreciate the mathematical foundation of risk sharing. A unified framework of decentralized insurance is presented to show a structured approach to the economic design of decentralized business models. The book ends with a technical review of blockchain and decentralized finance (DeFi) insurance applications.

Author : Dr. Chandra Duggirala, M.D.,George Burke,Manoj Duggirala
Publisher : Portal
Page : 54 pages
File Size : 48,9 Mb
Release : 2018-02-14
Category : Computers
ISBN : 9780463915141

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TIDES.Network by Dr. Chandra Duggirala, M.D.,George Burke,Manoj Duggirala Pdf

TIDES.Network's white paper detailing an open-source generic protocol for pooling assets for mutual insurance, applied to a peer-to-peer health insurance network. v0.8 is an archived white paper, originally published in early 2018, and now made available in ebook format. ABSTRACT: Health insurance today is extremely centralized and has lost cost-effectiveness for most consumers. The distortions caused by asymmetric information, incentive misalignments, and regulatory and political overload have caused an ongoing dramatic increase in premiums, while reducing the quality of coverage. Moreover, traditional insurance companies’ incentives are diametrically opposed to those of its customers, making these problems intractable. Tides is a peer-to-peer insurance network that uses a decentralized system of functionaries to completely disintermediate the insurance “company”. In Tides’ peer-to-peer health insurance model, the “insurance company” is disintermediated and self-organizing pools of people set their own governance on all aspects of their insurance, such as coverage, limits, terms, etc., utilizing a decentralized network of actuaries, underwriters and claims processors. Thus, all critical functions in a traditional insurance “company” become disaggregated and distributed across a decentralized network. Built-in incentive structures keep all functionaries honest and efficient. Moreover, members are thoroughly incentivized to exercise judgment in consumption of healthcare resources, as any paid but unspent premiums may be distributed back to members, based on the pool contract terms. Anyone can run a peer-to-peer insurance pool as long as they also run a compliance module to keep compliant with the laws that govern mutual insurances in their jurisdiction. This model of insurance eliminates asymmetric information and incentive problems that have plagued health insurance for decades. Tides will redefine insurance to once again become an efficient societal safety net. Let’s make health insurance open, transparent, and decentralized. ABOUT TIDES.NETWORK: Creators of the TIDES.Network Protocol have the perfect balance of Life Sciences, Deep Technical knowledge and Crypto experience. Together, Dr. Chandra Duggirala, M.D., George Burke, and Manoj Duggirala previously founded and ran a hyper-personalized digital nutritionist/nutrition delivery startup that integrated subscribers’ digital health analytics (TryFuel.com) with DNA and other biomarkers to deliver hyper-personalized meals nationwide. They took the concept from idea through successful product development, fundraising, and market execution, building a 7-figure annual run rate (ARR) company in less than 1 year. The team envisioned the TIDES project during 2018. Together, they have developed several blockchain initiatives and proofs-of-concept that reenvision Biotech R&D, Intellectual Property rights, Insurance, Cryptoeconomics, Crowdfunding, and Digital Asset Trading/Exchange.

Author : Ricardo Escoda
Publisher : GRIN Verlag
Page : 112 pages
File Size : 47,5 Mb
Release : 2021-03-09
Category : Business & Economics
ISBN : 9783346360274

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Evaluation of Potential Use Cases for Blockchain in the Insurance Industry by Ricardo Escoda Pdf

Master's Thesis from the year 2020 in the subject Economics - Finance, grade: 1,3, International School of Management, Campus Munich, language: English, abstract: Blockchain is considered to be a breakthrough technology with many strengths and opportunities, but also weaknesses and threats for all industries around the globe. It has the potential to revolutionize many sectors, but it is not a universal remedy and does not replace every single traditional technology. Most businesses do feel insecure whether to invest time and money for Research and Development due to the lack of industry standards and regulations with respect to the technology. Before being able to guarantee suitability and successful implementation in any business, it is essential to study the differences between public, private, hybrid, and consortium Blockchain types. In areas of application not strongly relying on Blockchain’s distributed systems, alternative solutions such as Big Data Analytics, Artificial Intelligence, and Machine Learning might be more valuable. Nonetheless, Blockchain promises the unique potential for insurance companies to efficiently serve global markets with areas of application mainly concentrating on parts of the VC where bureaucracy can be reduced by automation. For instance, the use of Smart Contracts where lots of data are analyzed, saved, distributed, and pro- cessed. By implementing BC, fields, where the focus is on customer experience such as Payments, Data Security, Transparency, and Developing New Business and Product Ideas, can be improved enormously. Use cases and new products supported by Blockchain might include P2P Micro-Insurances, Ad-hoc and Parametric Insurance Models, Automized Underwriting, Reduction of Fraud and Abuse, and Health Insurance Processes. Real-Time Analytics in the Form of SCs, Instant Pay-Outs, Automized Claims Management, and Improved Risk Modelling of Insurance Businesses might be achievable by connecting Blockchain and Big Data. Contrary to the expectations of the author, most industry experts are aware of the benefits and opportunities the technology can bring to their companies. Still, Blockchain is not anchored in their medium- to long-term visions and strategies. Most of the interviewees would rather act as active observers and early followers than taking the lead proactively. Reasons for this behavior, are the lack of market standards and regulations, the absence of solid Blockchain networks, and the shortage of use cases, but also, the lack of know-how and data security concerns.

Author : Enrique Gil Ramirez
Publisher : GRIN Verlag
Page : 104 pages
File Size : 44,8 Mb
Release : 2020-10-20
Category : Business & Economics
ISBN : 9783346276605

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Applications of Blockchain in the Automotive Insurance Industry. A Model Development from the Perspective of the Service Provider Sector by Enrique Gil Ramirez Pdf

Master's Thesis from the year 2018 in the subject Economics - International Economic Relations, Cologne Business School Köln, language: English, abstract: This research has been gathered together with the collaboration of Control Expert Company, a German company dedicated to providing services to the core business of the automotive insurance industry. This research is mainly focused on the different applications that Blockchain technology offers the automotive insurance industry. Based on these applications, a process model is developed from the perspective of the service provider sector of the automotive insurance. Having the main focus in mind, this research will answer the following question: How does Blockchain technology benefit the Automotive Insurance Process? The structure of this research will lead the reader through the evolution of the Blockchain technology and its features. First, a full definition of the technology will be explained. This will be followed by the generations of Blockchain and its classification. After that some history on regards Blockchain and the digital era will be mentioned. Such as the main innovations of the digital era, the creators of the technologies involved in Blockchain, and the main innovations within Blockchain. As the Internet of Things has become more and more popular during the last years, it is not possible to ignore the huge impact that it is having on people's daily lives. IoT represents a network of devices such as sensors, vehicles, computers and more, which interact among themselves and exchange information. Here comes a very interesting subcategory of the IoT – The Internet of People. The Internet of People describes the exchange of data through different devices but related to the people, or, in other words, the information gathered comes strictly from people. From this idea, the Internet of Money rises describing mainly how Blockchain and Bitcoin are changing the financial system. This is based on the idea of recording transactions in a safer way within a more decentralized system. Due to the strong disruption of Blockchain within different industries and the usability of the technology, it has been considered as an extra layer working over the internet. This is a new tier that enables transactions on a different level; permitting storage and record of data in a different way than a conventional database.

Author : Vardari, Luan,Qabrati, Isuf
Publisher : IGI Global
Page : 416 pages
File Size : 51,9 Mb
Release : 2024-06-17
Category : Business & Economics
ISBN : 9798369333471

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Decentralized Finance and Tokenization in FinTech by Vardari, Luan,Qabrati, Isuf Pdf

In the sector of modern finance, a new issue emerges – the fragility of traditional financial systems in the face of technological evolution. The march of time has brought forth formidable challenges, shaking the foundations of age-old norms. This evolving financial paradigm grapples with challenges such as trust issues, geographical limitations, and exclusivity. In response to these challenges, Decentralized Finance and Tokenization in FinTech offers profound insights and solutions to navigate the complexities of this era. This book delves into the disruptive forces of Decentralized Finance (DeFi) and the revolutionary nature of Tokenization, ultimately paving the way toward a decentralized future. This comprehensive resource seeks to contribute significantly to current research and understanding in the realms of DeFi and Tokenization. It serves as an educational cornerstone, providing in-depth insights into fundamental concepts, technologies, and applications for both newcomers and seasoned professionals. By demystifying technical complexities, addressing challenges, and analyzing comparative advantages, the book empowers readers to navigate the evolving landscape. From decentralized governance models to global perspectives on DeFi, it fosters thought leadership and inspires discussions on the societal, economic, and technological impacts of decentralized finance and tokenization.

Author : Cordelia Friesendorf
Publisher : Springer Nature
Page : 116 pages
File Size : 52,8 Mb
Release : 2024-07-02
Category : Electronic
ISBN : 9783031374883

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Decentralized Finance (DeFi) by Cordelia Friesendorf Pdf

Author : Dr. Hemang Subramanian
Publisher : Enterprof
Page : 54 pages
File Size : 42,9 Mb
Release : 2021-08-26
Category : Business & Economics
ISBN : 9798536218921

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DeFi - Essays on Decentralized Finance by Dr. Hemang Subramanian Pdf

This book summarizes several industry happenings in the blockchain world. While the blockchain and cryptocurrency industry has grown leaps and bounds, within the past several years including newer forms of products that use decentralized finance, non-fungible tokens, smart contracts, etc. Overall, the decentralized finance (Defi) markets have grown to include protocols such as MakerDAO, Uniswap, wrapped tokens such as synthetics, etc. However, Non Fungible tokens create a large marketplace, giving digital art a unique and powerful outlet. Overall non-fungible tokens can be traded for other assets such as Ethereum, Bitcoin, etc. on public decentralized and centralized marketplaces. Overall, smart contracts provide a unique opportunity to enable different types of marketplaces that include financial assets and non-fungible tokens that include digital art and smart contract-based financial instruments.

Author : Michael McNaught
Publisher : Michael McNaught
Page : 52 pages
File Size : 48,6 Mb
Release : 2023-06-06
Category : Business & Economics
ISBN : 8210379456XXX

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Decentralized Finance (DeFi) by Michael McNaught Pdf

“Decentralized Finance (DeFi): Unlocking The Future Of Financial Freedom," embarks on a captivating journey into the world of decentralized finance. The author, Michael McNaught, explores the groundbreaking concept of DeFi and its potential to revolutionize traditional financial systems. From understanding the foundations of DeFi and its advantages over traditional finance to delving into the building blocks of blockchain technology, smart contracts, and cryptocurrencies, this book leaves no stone unturned. Discover the wide range of DeFi applications, from decentralized exchanges (DEXs) and lending platforms to stablecoins and decentralized asset management. Uncover the risks and challenges that accompany this nascent ecosystem, including smart contract vulnerabilities and regulatory considerations. Gain insights into DeFi investment strategies, portfolio management, and the dynamic nature of the market. Peek into the future of DeFi as it integrates with traditional finance, addresses scalability and interoperability, navigates regulatory landscapes, and embraces social impact. As you turn the pages, unravel the immense potential of decentralized finance to empower individuals, foster financial inclusion, and unlock the door to financial freedom. Whether you are an investor, entrepreneur, or simply curious about the future of finance, "Decentralized Finance (DeFi): Unlocking The Future Of Financial Freedom" equips you with the knowledge and understanding to navigate the exciting world of DeFi and seize its transformative opportunities. Get ready to embark on a journey that challenges the status quo and unlocks a future of financial freedom for all.

Author : CoinGecko,Lucius Fang,Erina Azmi,Benjamin Hor,Khor Win Win
Publisher : CoinGecko
Page : 290 pages
File Size : 43,8 Mb
Release : 2021-07-01
Category : Business & Economics
ISBN : 8210379456XXX

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How to DeFi: Advanced by CoinGecko,Lucius Fang,Erina Azmi,Benjamin Hor,Khor Win Win Pdf

"Education is paramount in DeFi and resources such as How to DeFi are so important. Not only is this an excellent sequel, but once again, the team at CoinGecko have managed to provide a comprehensive and in-depth overview of an ever changing space” – Ganesh Swami, CEO of Covalent "This book comes as an excellent follow-up to their first book, and provides a deeper dive into DeFi and on how to navigate the nuances in the space.” – Jocelyn Chang, APAC Growth Lead, MakerDAO Growth Core Unit “How To DeFi will help you make life-changing decisions when building and using DeFi protocols and applications of this decade.” – Molly Wintermute, Founder of Hegic Decentralized Finance’s (DeFi) mission is clear: reinventing traditional finance's infrastructure and interface with greater transparency, accessibility, efficiency, convenience, and interoperability. By April 2021, there has been over $86 billion worth of cryptocurrencies locked up in the DeFi applications, 86 times larger than a year ago. The traditional financial industry is getting rapidly disrupted and DeFi is reshaping the way global financial systems operate. In this book, you will learn about various decentralized financial primitives, such as stablecoins, exchanges, lending, insurance, derivatives, and more. DeFi has already existed since 2018, but it has recently witnessed a surge in popularity in the first half of 2021 with no ceiling in sight. Use this book to gain insight into the novel financial innovations enabled by DeFi. Join us in this exciting adventure of redefining finance. In this book, you will discover: - What is DeFi and the key categories within it - An insider’s look at how to evaluate various DeFi protocols - Services that empower the DeFi ecosystem: Oracles and Data Aggregators - Multichain bridges that seamlessly connect and move funds between blockchains - Causes of DeFi exploits and how can you avoid them

Author : Rhian Lewis
Publisher : Kogan Page Publishers
Page : 233 pages
File Size : 52,7 Mb
Release : 2023-04-03
Category : Business & Economics
ISBN : 9781398609389

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Understanding Decentralized Finance by Rhian Lewis Pdf

Understanding Decentralized Finance demystifies DeFi, locating the integration points between decentralized and centralized finance to help finance professionals unlock valuable opportunities. DeFi - the next evolution of cryptocurrency - has brought a new wave of investors into the world of finance. As fintechs and financial institutions seek to integrate with DeFi, this book explores its history, its present context, and its future. It explains the world of DeFi by comparing it to the traditional finance sector, highlighting points of similarity, difference and integration. Understanding Decentralized Finance explores the technologies underlying the DeFi market and how they differ from those of traditional financial markets. It scrutinizes the difference between centralized and decentralized cryptocurrency exchanges, how NFTs fit into DeFi and how collectibles can be financialized. Readers will also find out how collateralized loans, derivatives, margin trading and liquidity provision work in a world where there is no centralized institution to coordinate these activities - and how regulators in different jurisdictions are ensuring that financial regulations keep up with these innovations. With examples from key actors in the field, including the movement of luxury organizations like Christie's and Sotheby's into the NFT space and the SushiSwap vampire attack, this is an essential read for anyone working in finance, fintech and technology who needs to understand the fast-moving world of DeFi.

Author : Gurdip Kaur,Arash Habibi Lashkari,Iman Sharafaldin,Ziba Habibi Lashkari
Publisher : Springer Nature
Page : 129 pages
File Size : 41,9 Mb
Release : 2023-01-09
Category : Business & Economics
ISBN : 9783031233401

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Understanding Cybersecurity Management in Decentralized Finance by Gurdip Kaur,Arash Habibi Lashkari,Iman Sharafaldin,Ziba Habibi Lashkari Pdf

This book discusses understand cybersecurity management in decentralized finance (DeFi). It commences with introducing fundamentals of DeFi and cybersecurity to readers. It emphasizes on the importance of cybersecurity for decentralized finance by illustrating recent cyber breaches, attacks, and financial losses. The book delves into understanding cyber threats and adversaries who can exploit those threats. It advances with cybersecurity threat, vulnerability, and risk management in DeFi. The book helps readers understand cyber threat landscape comprising different threat categories for that can exploit different types of vulnerabilities identified in DeFi. It puts forward prominent threat modelling strategies by focusing on attackers, assets, and software. The book includes the popular blockchains that support DeFi include Ethereum, Binance Smart Chain, Solana, Cardano, Avalanche, Polygon, among others. With so much monetary value associated with all these technologies, the perpetrators are always lured to breach security by exploiting the vulnerabilities that exist in these technologies. For simplicity and clarity, all vulnerabilities are classified into different categories: arithmetic bugs, re-Entrancy attack, race conditions, exception handling, using a weak random generator, timestamp dependency, transaction-ordering dependence and front running, vulnerable libraries, wrong initial assumptions, denial of service, flash loan attacks, and vampire Since decentralized finance infrastructures are the worst affected by cyber-attacks, it is imperative to understand various security issues in different components of DeFi infrastructures and proposes measures to secure all components of DeFi infrastructures. It brings the detailed cybersecurity policies and strategies that can be used to secure financial institutions. Finally, the book provides recommendations to secure DeFi infrastructures from cyber-attacks.

Author : Yannis Kalfoglou
Publisher : Routledge
Page : 136 pages
File Size : 42,5 Mb
Release : 2021-07-19
Category : Business & Economics
ISBN : 9781000404128

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Blockchain for Business by Yannis Kalfoglou Pdf

This book sets out to explain blockchain for the non-technical expert, to decipher the dense technicalities that dominate the field and to present the opportunities for busy professionals using practical applications and case studies. Presented in a clear and structured way and with documented real-world cases, the book is a practical reference guide that can be used across different industries. It offers both a constructive and critical review of the pain points blockchain is facing today, illustrates the pitfalls as well as the opportunities for business and describes the steps towards overcoming them. It also aims to provide a unique view of both the intersection and synergy of blockchain with other emerging technologies and the wider digital ecosystem, as we see increasingly that blockchain alone won’t be able to deliver business solutions. Most important, the book identifies trends and a path for the future of blockchain and its impact on society as a whole. The book is written for business audiences across all sectors. It is not a technical guide to blockchain, but it enables businesspeople to be better informed and prepared to plan ahead and develop strategies using blockchain.

Author : Gupta, S. L.,Kansra, Pooja,Kukreja, Gagan
Publisher : IGI Global
Page : 303 pages
File Size : 51,8 Mb
Release : 2022-06-03
Category : Business & Economics
ISBN : 9781668441350

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Applications, Challenges, and Opportunities of Blockchain Technology in Banking and Insurance by Gupta, S. L.,Kansra, Pooja,Kukreja, Gagan Pdf

The surge in technological transformation affects all business model phases over many industries. Emerging technologies provide new avenues for industries to increase their competitive advantage and enhance economic progression. Blockchain technology’s ability to build an open and trustworthy network model seems to promote shared IT-based networks in banking, insurance, and other similar industries. The adoption of blockchain in the banking and insurance industry is developing rapidly. Applications, Challenges, and Opportunities of Blockchain Technology in Banking and Insurance explores how blockchain technologies optimize and integrate the transactions and operations in association with access to information and reduction in communication costs and negligible data transfer errors. It includes studies on various banking and insurance industries intending to use blockchain technology to make transactions convenient, simple, and safe. Covering topics such as cryptocurrency, digital transformation, and small and medium-sized enterprises, this premier reference source is an essential resource for policymakers, government officials, students and educators of higher education, libraries, banking managers, insurance professionals, researchers, and academicians.

Author : Sunil Kumar Saini
Publisher : Sunil Kumar Saini
Page : 40 pages
File Size : 52,9 Mb
Release : 2023-05-03
Category : Antiques & Collectibles
ISBN : 8210379456XXX

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The Power of Decentralization How Blockchain is Redefining Governance and Trust by Sunil Kumar Saini Pdf

"The Power of Decentralization: How Blockchain is Redefining Governance and Trust" is a book that explores the potential of blockchain technology to revolutionize traditional centralized systems of governance and trust. The book explains how blockchain, a distributed ledger technology, enables the creation of decentralized networks that can operate without intermediaries or centralized authorities. The author argues that decentralization can create a more transparent, secure, and democratic society, where individuals have greater control over their data and assets. The book provides examples of how blockchain is already being used to disrupt industries such as finance, supply chain management, and voting systems. The author also discusses the challenges and limitations of blockchain technology, including scalability and regulatory concerns. The book is written for a general audience and does not require technical expertise to understand. It aims to educate readers about the potential impact of blockchain technology on society and to inspire them to consider the possibilities of decentralization.

Author : Patrick Duvaut,Xavier Dalloz,David Menga,Francois Koehl,Vidal Chriqui,Joerg Brill
Publisher : John Wiley & Sons
Page : 240 pages
File Size : 44,7 Mb
Release : 2020-11-17
Category : Computers
ISBN : 9781786305084

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Internet of Augmented Me, I.AM by Patrick Duvaut,Xavier Dalloz,David Menga,Francois Koehl,Vidal Chriqui,Joerg Brill Pdf

I.AM catalyzes the “convergence for good” of the biological, physical and digital worlds, helping us to better tackle the toughest challenges of the 2020s: climate change, resource depletion, an aging population, social inclusion, the empowerment of people, health crises and the post-pandemic world, as well as new issues emerging in relation to economical, societal and everyday life. This book dives into disruptive concepts of I.AM such as: Trust as a Service, Business as a Game, ATAWAD (AnyTime, AnyWhere, Any Device), PCE (Productivity of Collaborative Exchange), Unimedia, Shazamization of everything, decentralization of everything, BOTization and Build to Order for Me, Blockchain and Empowerment of Me, edge computing, augmented industry, augmentation value chain and empowering innovation, etc. The fluid, easy-to-read style of this book targets the broadest scope of readers, from purpose-driven and business-oriented individuals, to students, researchers, experts, innovators, consultants, managers and politicians, all eager to empower people to work towards a more sustainable future.