Four use cases demonstrating the value of exchanging data in a blockchain platform are under way at RiskBlock Alliance, with one (proof of insurance) already completed as a digital application for use by alliance members. This fall, the other three use cases will similarly result in a digital application.

This is just the beginning. Future use cases in sight by the alliance, based on member brainstorming sessions this year, are listed below in no priority order.

  •  Certificates of Insurance
  •  Commercial Trucking Fleet Identification
  •  Surety Bonds
  •  Multiple Payees
  •  Salvage
  •  Real-Time Regulatory Monitoring
  •  Tokenization of Titles, Deeds and Liens
  •  Digital Inspections of Physical Assets
  •  Internet of Things
  •  Agent and Broker Licensing
  •  Policy Cancellation and Non-payment
  •  Fraud Register
  • Commercial Liability
  •  Foreign Sovereign Identification Linked to Insurance
  • Technical Accounting
  •  Use of Existing Data for Smart Contracts
  •  Plugging in Data from Third Parties, e.g. Government Agencies
  •  Marine
  •  Life Insurance Valuation