TIL - Insurance Engineering Blockchain Consortium Launches – Insurance and Engineering Industries Team Up To Study Potential Blockchain Applications

The Insurance Engineering Blockchain Consortium launched  earlier this week online and the goal of the new consortium is to  understand how Blockchain technology and smart contracts can serve the  construction, infrastructure, and associated insurance industries upon  which society depends. 

 Co-Founder Daniel Robles, PE stated: 

 “There may be an extraordinary opportunity for professional engineers to  work closely with the insurance industry and financial institutions as  the decentralized adjudication force to assure smart contracts in real  work environments. The result would be increased process efficiency,  fault-tolerance, enhanced valuation of assets and reduced risk  exposures”