Blockchain: The Next Big Thing

If you’ve been paying attention to the technology landscape, you’ve heard of blockchain.

The inherent capabilities of this distributed ledger technology are vast, in its ability to efficiently, transparently and securely transmit information.

As a neutral, not-for-profit advisory organization and statistical agent, AAIS needs access to key data with which to create loss costs and other insurance products and solutions for our member carriers.

This is what led to the use of blockchain technology to develop our Open Insurance Data Link (openIDL) platform.

As an advisory agency, our goal to create innovative products and inform better public policy starts and finishes with the data we can access. The obstacle to leveraging data is that it is often ‘locked’ in proprietary silos and legacy systems that carriers are powerless to access efficiently.