{"id":1921,"date":"2016-06-15T16:25:00","date_gmt":"2016-06-15T16:25:00","guid":{"rendered":"http:\/\/blog.holytransaction.com\/allianz-test-blockchain-for-swaps-and\/"},"modified":"2016-06-15T16:25:00","modified_gmt":"2016-06-15T16:25:00","slug":"allianz-test-blockchain-for-swaps-and","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2016\/06\/allianz-test-blockchain-for-swaps-and.html","title":{"rendered":"Allianz Test the Blockchain for swaps and bonds"},"content":{"rendered":"<div class=\"separator\" style=\"clear: both; text-align: center;\"><a style=\"margin-left: 1em; margin-right: 1em;\" href=\"https:\/\/4.bp.blogspot.com\/-3NWkZ9J2Wik\/V2GBSMzVTfI\/AAAAAAAAAik\/dWxNPYEYYTMP7Crunx8IdcHeEPfov6LjgCLcB\/s1600\/skyscraper-1-1523706.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"allianztesttheblockchain.jpeg\" src=\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2016\/06\/skyscraper-1-1523706.jpg\" alt=\"allianz_test_the_blockchain\" width=\"400\" height=\"300\" border=\"0\" \/><\/a><\/div>\n<h3 style=\"text-align: justify;\">Allianz test the Blockchain<\/h3>\n<div style=\"text-align: justify;\">The insurance company <b>Allianz <\/b>announced today its use of <b>blockchain smart contracts<\/b> to manage catastrophe swaps and bonds, which allow users to prevent losses in front of large -scale disasters.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Anyway it could also happen that insurers and investors money could drag on for a few months after the catastrophe.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">But thanks to smart contracts the time could be reduced in a few hours, according to an Allianz spokeperson.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">In fact, this test &#8211; done thanks to a partnership with <b>Nephila<\/b> company \u2013 showed that transactions can be &#8220;significantly accelerated and simplified\u201d; it also demonstrated that it could help the increase of marketability for swaps and the growth of opportunities where it is possibile to use blockchain-based smart contracts.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Chief underwriting officer <b>Richard Boyd<\/b> explained to <a href=\"http:\/\/coindesk.com\/\" target=\"_blank\">Coindesk<\/a>:<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><i>&#8220;Blockchain technology will increase reliability, controllability and speed for both cat swaps and cat bonds because less manual processing, authentication and verification is needed through intermediaries to confirm the legitimacy of payments and transactions to and from the investors.&#8221;<\/i><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He added:<\/div>\n<div style=\"text-align: justify;\"><i>\u00a0<\/i><\/div>\n<div style=\"text-align: justify;\"><i>\u201cBy replacing manual operations, which are currently embedded across the entire process, delays and the risks of human error are ruled out\u201d.<\/i><\/div>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Allianz test the Blockchain The insurance company Allianz announced today its use of blockchain smart contracts to manage catastrophe swaps and bonds, which allow users to prevent losses in front of large -scale disasters. Anyway it could also happen that insurers and investors money could drag on for a few months after the catastrophe. But [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":2,"featured_media":334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,37,101,165,460,550,591],"tags":[707,793,849,1118,1208,1247],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Allianz Test the Blockchain for swaps and bonds -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2016\/06\/allianz-test-blockchain-for-swaps-and.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Allianz Test the Blockchain for swaps and bonds\" \/>\n<meta property=\"og:description\" content=\"Allianz test the Blockchain The insurance company Allianz announced today its use of blockchain smart contracts to manage catastrophe swaps and bonds, which allow users to prevent losses in front of large -scale disasters. 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