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Exam Code: CBDH Practice exam 2022 by Killexams.com team
CBDH BTA Certified Blockchain Developer Hyperledger

This exam is a 70 question multiple-choice exam that lasts 1.5 hours and is a performance-based evaluation of Hyperledger development skills and knowledge. Internet access is not provided during the exam, nor is any course material or study guides.
Scores and Reporting
Official scores for exams come immediately following the exam from Pearson VUE. A passing score is 70%. exam results are reported PASS/FAIL and you will be provided your percentage. Blockchain Training Alliance does not report scores on individual items, nor will it provide additional information upon request.

The BTA Certified Blockchain Developer Hyperledger Fabric (CBDH) exam is an elite way to demonstrate your knowledge and skills in this emerging space. Additionally, you will become a member of a community of Blockchain leaders. With certification comes monthly industry updates via email and video.

The CBDH exam is a 70 question multiple-choice exam that lasts 1.5 hours and is a performance-based evaluation of Hyperledger Fabric development skills and knowledge. Internet access is not provided during the exam, nor is any course material or study guides.

A person who holds this certification demonstrates their ability to:
Plan and prepare production-ready applications for the Hyperledger blockchain
Write, test, and deploy secure chain code
Understand how to use Hyperledger Composer to rapidly build Hyperledger applications
Write chain code using either Go or NodeJS
This exam will prove that a student completely understands how to:
Create a Hyperledger model
Build proper access controls for blockchain assets via .acl
Implement a Hyperledger ".bna" banana
Write and compile smart contracts as chain code
Deploy smart contracts on channels in the private network

BTA Certified Blockchain Developer Hyperledger
BlockChain Hyperledger approach
Killexams : BlockChain Hyperledger approach - BingNews https://killexams.com/pass4sure/exam-detail/CBDH Search results Killexams : BlockChain Hyperledger approach - BingNews https://killexams.com/pass4sure/exam-detail/CBDH https://killexams.com/exam_list/BlockChain Killexams : Blockchain can change healthcare for the better. Here's how

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Killexams : Achieving Business Excellence with Blockchain in Industry 4.0

Blockchain is revolutionizing the work processes, and businesses that integrated it into their enterprise tech stack are scaling at an exponential level. 

Enterprises are embracing an innovation-first approach to ingrain resilience in their work processes to scale in industry 4.0. Businesses of all sizes, sectors, and industries are exploring new tech opportunities to gain visibility in end-to-end supply chains, offer operational excellence and scale their business. To scale in a highly competitive world, businesses need end-to-end excellence in every business aspect to increase the ROI.

A lot of industry veterans are exploring opportunities for Blockchain technology in their enterprise tech stack workflows to streamline the workflows and increase efficiency.

According to a latest report by Statista titled “Blockchain – Statistics & Facts,” global expenditure on Blockchain solutions is predicted to grow from USD 4.5 billion in 2020 to USD 19 billion by 2024. The report also highlights the worldwide expenditure on Blockchain tools in 2021 was nearly USD 6.5 billion. Here are a few ways Blockchain helps enterprises to achieve business excellence:

Also Read: Blockchain Adding to the Power of IoT for Enhanced Productivity

Adopting economies of scale

Industrial production teams are shifting their concentration from manufacturing products and parts in a massive amount to generate optimized outcomes. It is a result of the globe embracing the outcome economy in their workflows. Enterprises need to develop a strategic microscopic production framework to assist the complex and large-scale operations. Organizations that still leverage legacy tools to ensure business growth will have collaboration challenges, a lack of digitization, and slower workflows. All of it together will result in impaired progress with low scaling capabilities. IT decision-makers can evaluate their entire business workflows to determine the areas that can be improved by Blockchain adoption. Organizations that integrate Blockchain technology into their tech stack enable them to procure trustworthy and high-quality raw materials to ensure optimum product quality. Enterprises need to establish an efficient supply chain management system to ensure quality and an effective manufacturing process. This immutable ledger will store information about the entire product lifecycle to spot the weak links in the entire manufacturing process. Moreover, it adds an extra layer of verification that enables businesses to distinguish between original and counterfeit products.

Accelerating digital transformation

Manufacturers find it a long and challenging process to implement digital transformation. However, with the advent of industry 4.0, they can no longer ignore the fact that it increases business efficiency, productivity, and agility. Gathering information from devices and analyzing the results will help businesses get valuable insights to save a substantial amount of money. Integration of Blockchain technology into the enterprise tech stack will help businesses to accelerate digital transformation strategies.

Also Read: Blockchain – Applaud the Unsung Heroes Behind it Before Appreciating the Technology

Reimagine the enterprise operations with Blockchain technology

As the business landscape has gone through tremendous transformations, enterprises are restructuring their work processes. C-suite executives should consider the opportunities of this technology in the enterprise tech stack and its influence on transaction quality. This technology will enable businesses to excel in the areas where risks are lower and add an extra security layer to the workflows where this is a top priority. Enterprises can integrate Blockchain applications to certify products and increase transparency in the work processes. One of the most significant hindrances in the wide adoption of this technology is the lack of resources, money, and IT infrastructure. CIOs should consider involving everyone, right from employees to the stakeholders, in the decision-making process to identify all the areas that can be revolutionized by Blockchain technology and its applications.

Check Out The New Enterprisetalk Podcast. For more such updates follow us on Google News Enterprisetalk News.

Tue, 09 Aug 2022 01:47:00 -0500 en-US text/html https://enterprisetalk.com/featured/achieving-business-excellence-with-blockchain-in-industry-4-0/
Killexams : Cryptoverse: Blockchain bridges fall into troubled waters

By Tom Wilson and Medha Singh

(Reuters) - Another day, another hack - and another blockchain bridge burned.

When thieves stole an estimated $190 million from U.S. crypto firm Nomad last week, it was the seventh hack of 2022 to target an increasingly important cog in the crypto machine: Blockchain "bridges" - strings of code that help move crypto coins between different applications.

So far this year, hackers have stolen crypto worth some $1.2 billion from bridges, data from London-based blockchain analysis firm Elliptic shows, already more than double last year's total.

"This is a war where the cybersecurity firm or the project can't be a winner," said Ronghui Hu, a professor of computer science at Columbia University in New York and co-founder of cybersecurity firm CertiK.

"We have to protect so many projects. For them (hackers) when they look at one project and there's no bugs, they can simply move on to the next one, until they find a one weak point."

At present, most digital tokens run on their own unique blockchain, essentially a public digital ledger that records crypto transactions. That risks projects using these coins becoming siloed, reducing their prospects for wide use.

Blockchain bridges aim to tear down these walls. Backers say they will play a fundamental role in "Web3" - the much-hyped vision of a digital future where crypto's enmeshed in online life and commerce.

Yet bridges can be the weakest link.

The Nomad hack was the eighth-biggest crypto theft on record. Other thefts from bridges this year include a $615 million heist at Ronin, used in a popular online game, and a $320 million theft at Wormhole, used in so-called decentralised finance applications.

"Blockchain bridges are the most fertile ground for new vulnerabilities," said Steve Bassi, co-founder and CEO of malware detector PolySwarm.

ACHILLES HEEL

Nomad and others companies that make blockchain bridge software have attracted backing.

Just five days before it was hacked, San Francisco-based Nomad said it had raised $22.4 million from investors including major exchange Coinbase Global. Nomad CEO and co-founder Pranay Mohan called its security model the "gold standard."

Nomad did not respond to requests for comment.

It has said it is working with law enforcement agencies and a blockchain analysis firm to track the stolen funds. Late last week, it announced a bounty of up to 10% for the return of funds hacked from the bridge. It said on Saturday it had recovered over $32 million of the hacked funds so far.

"The most important thing in crypto is community, and our number one goal is restoring bridged user funds," Mohan said. "We will treat any party who returns 90% or more of exploited funds as a white hats. We will not prosecute white hats," he said, referring to so-called ethical hackers.

Several cyber security and blockchain experts told Reuters that the complexity of bridges meant they could represent an Achilles' heel for projects and applications that used them.

"A reason why hackers have targeted these cross-chain bridges of late is because of the immense technical sophistication involved in creating these kinds of services," said Ganesh Swami, CEO of blockchain data firm Covalent in Vancouver, which had some crypto stored on Nomad's bridge when it was hacked.

For instance, some bridges create versions of crypto coins that make them compatible with different blockchains, holding the original coins in reserve. Others rely on smart contracts, complex covenants that execute deals automatically.

The code involved in all of these can contain bugs or other flaws, potentially leaving the door ajar for hackers.

BUG BOUNTIES

So how best to address the problem?

Some experts say audits of smart contracts could help to guard against cyber thefts, as well as "bug bounty" programmes that incentivise open-sourced reviews of smart contract code.

Others call for less concentration of control of the bridges by individual companies, something they say could bolster resiliency and transparency of code.

"Cross-chain bridges are an attractive target for hackers because they often leverage a centralized infrastructure, most of which lock up assets," said Victor Young, founder and chief architect at U.S. blockchain firm Analog.

(Reporting by Tom Wilson in London and Medha Singh in Bengaluru; Editing by Pravin Char)

Mon, 08 Aug 2022 17:13:00 -0500 en-US text/html https://sports.yahoo.com/cryptoverse-blockchain-bridges-fall-troubled-051332523.html
Killexams : The Rising Use Of Cryptocurrency Is Expected To Drive The Blockchain In Banking And Financial Services Market

TMCNet: The Rising Use Of Cryptocurrency Is Expected To Drive The Blockchain In Banking And Financial Services Market

The Business Research Company's blockchain in banking and financial services market research report expands on key drivers, trends, and growth opportunities in the market.

LONDON, Aug. 9, 2022 /PRNewswire/ -- The rising use of cryptocurrency will drive the growth of the market. Cryptocurrency is a peer-to-peer digital payment system that doesn't rely on banks to verify transactions. Cryptocurrencies run on a distributed public ledger called a blockchain, a record of all transactions updated and held by currency holders. Units of cryptocurrency are created through a process called mining, which involves using computer power to solve complicated mathematical problems that generate coins. Users can also buy the currencies from brokers, then store and spend them using cryptographic wallets. For example, according to Pew Research, a nonpartisan think tank company, in November 2021, the vast majority of U.S. adults have heard at least a little about the blockchain technology industry and cryptocurrencies like Bitcoin or Ether, and 16% say they personally have invested in, traded or otherwise used one, according to a new Pew Research Center survey. Men aged 18 to 29 are particularly likely to say they have used cryptocurrencies.

The global blockchain in banking and financial services market size is expected to grow from $1.17 billion in 2021 to $1.89 billion in 2022 at a compound annual growth rate (CAGR) of 61.9%. The blockchain in banking and financial services market is expected to reach $12.39 billion in 2026 at a CAGR of 60%.

Request a free demo of the Blockchain In Banking And Financial Services Market Report

Reinsurance Companies Are Rapidly Adopting Blockchain Technology

Blockchain technology is being increasingly adopted by reinsurance companies for faster, more efficient, and more accurate claim settlement and compliance checks such as sanctions. Blockchain technology allows for safe data management across different interfaces and stakehlders while maintaining data integrity. The system reduces operational expenses across the board, from identity management and underwriting to claims processing, fraud management, and reliable data availability. For instance, Ryskex, an insurtech business, uses its blockchain-based platform to make it easier for insurers to analyze and manage risks effectively.

In 2021, SAP SE Held The Largest Share In The Market

SAP SE was the largest company in blockchain in financial market with a 13.43% share of the market in 2021. SAP SE's growth strategy focuses on expanding its product portfolio with new and advanced technology through new product launches. For instance, in May 2020, SAP SE announced the launch of its plan to add its blockchain technology to its supply chain traceability platform to aid its stakeholders.

Blockchain Scalability Poses A Limitation For The Market's Growth

Blockchain scalability is a main restraint that negatively impacts the growth of the market. Scalability refers to how well a system can manage increasing amounts of data. Blockchain scalability is how well it can handle an increasing number of transactions. A major part of the issue comes from the fact that blockchain requires all participants to agree on the validity of transactions.

See more on the Blockchain In Banking And Financial Services Market Report

Check out similar market reports:

Cryptocurrency Global Market Report 2022 – By Type (Bitcoin, Ethereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin), By Process (Mining, Transaction), By End Use Industry (Trading, Retail And E-Commerce, Banking) – Market Size, Trends, And Global Forecast 2022-2026

Blockchain Devices Global Market Report 2022 – By Type (Blockchain Smartphones, Crypto Hardware Wallets, Crypto Automated Teller Machines (ATMs), Point Of Sales (POS) Terminals), By Connectivity (Wired, Wireless), By Application (Personal, Corporate), By End User (Consumer, BFSI, Government, Retail & E-Commerce, Travel & Hospitality, Automotive, Transportation & Logistics, IT & Telecommunication, Others (Energy & Utilities, Education, Agriculture, Healthcare, Manufacturing) – Market Size, Trends, And Global Forecast 2022-2026

Blockchain Services Global Market Report 2022 – By Component (Tools, Services), By End-Use (BFSI, IT & Telecom, Healthcare, Retail, Manufacturing, Logistics, Government, Media & Entertainment, Energy And Utilities), By Application (Payments, Smart Contracts, Supply Chain Management, Governance, Risk, And Compliance Management, Identity Management) – Market Size, Trends, And Global Forecast 2022-2026

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Killexams : Klaytn Spearheads World's Largest Blockchain Research Center Program in Collaboration with Top-Ranking Universities KAIST and NUS

SINGAPORE, Aug. 8, 2022 /PRNewswire/ -- Klaytn, the leading Layer-1 blockchain in Asia, has announced its selection of Korea Advanced Institute of Science and Technology (KAIST) and the National University of Singapore (NUS) to host and operate its Blockchain Research Center (BRC) Program. The announcement was unveiled at Korea Blockchain Week by Dr Sangmin Seo, Representative Director, Klaytn Foundation during his 8 August keynote "The Technology Layer for Tomorrow's Metaverse".

Klaytn Spearheads World’s Largest Blockchain Research Center Program in Collaboration with Top-Ranking Universities NUS and KAIST.

BRC is a virtual research institute that aims to advance cutting-edge research for blockchain technology, deepen blockchain capabilities, and support industry growth. With a US$20m funding commitment from Klaytn over the next four years, BRC is to date the world's largest blockchain research center program in terms of known funding size.

With day-to-day operations run by a global research team, headed by KAIST and NUS researchers as Directors, BRC will operate in an open-source manner, where research conducted will be publicly disclosed as research papers or open-source software. External researchers will also be able to participate in ongoing research projects or submit their own proposals. The BRC will share knowledge and research results through community outreach efforts - from conferences to workshops - to carry forward Klaytn's vision to contribute to the blockchain community.

Dr Sangmin Seo, Representative Director, Klaytn Foundation, said, "In line with Klaytn's vision to be the bridge from Web2.0 to Web3.0, bridging the latest findings in blockchain between the research community and industry leaders is key for successful real-world applications in DeFi or the metaverse. Through our BRC program, in collaboration with leading minds from KAIST and NUS, we are delighted to take the next step in bringing our vision to life."

As part of the selection process, interested research institutes and consortiums were required to submit a proposal, outlining the intended operation model and organizational structure for BRC, detailed plans on research and outreach activities, as well as the suggestion evaluation model to measure BRC's progress.

7 proposals from 62 research institutes from 11 countries were received. Through a three-round selection process, proposals were evaluated and scored by the Klaytn Governance Council and third party experts based on their operational competence, as well as research execution and community engagement plans. With the highest score, the research consortium from KAIST and NUS was selected to lead BRC operations.

Dr Neo Yiu, Head of Technology Advocacy at Klaytn Foundation, said, "We look forward to seeing the Blockchain Research Center develop novel research capabilities for blockchains, foster global collaboration, and expand Klaytn's research contribution back to the web3 community and blockchain/distributed ledger technology (DLT) industry."

According to Coindesk's 2021 University Rankings for Blockchain, NUS and KAIST are among the top 30 out of 230 universities worldwide, ranking in 1st and 26th places respectively. Overall, NUS clinched the top ranking due to its multiple blockchain research centers, societies, partnerships, and conferences, as well as its masters program in digital financial technology.

The KAIST/NUS research consortium is led by Dr Min Suk Kang, Assistant Professor, School of Computing, KAIST and Dr Prateek Saxena, Associate Professor, School of Computing, NUS, both of whom hold extensive blockchain research experience. They will work closely with an international team of principal investigators from six other universities - UC Berkeley, Princeton University, Georgia Institute of Technology, Northern Arizona University, Yonsei University, and Carnegie Mellon University – to conduct BRC's research and outreach activities.

Dr Saxena said, "The BRC will deepen the research foundations of blockchain designs and applications. Together with Klaytn, we are delighted to be collectively creating an international platform for impactful research and to advance the global discourse on blockchains. We are excited that researchers from 8 leading international universities have come together towards this shared purpose, creating a unique initiative in the blockchain space."

Dr Kang said, "Our world-class blockchain researchers at the Blockchain Research Center will contribute to the seven pillars of blockchain research: consensus, privacy, network, smart contracts, DeFi, economics/ethics, and metaverse. To further the mass adoption of blockchain technology, the cross-pollination of ideas is key. Through the BRC, we look forward to fostering research and industry collaborations with like-minded participants around the world."

More information about the Blockchain Research Center can be found here.

For media enquiries, please contact:

Kimberley Kok
Corporate Communications Manager, Klaytn Foundation
+65 9189 4648
kimberley.kok@klaytn.foundation

About Klaytn Foundation

Klaytn Foundation is an entity established in Singapore for the decentralization and growth of the Klaytn network. It is responsible for the stable operation of the Klaytn network and various implementations for the development of the Klaytn ecosystem.

For more information, please click here.

About Korea Advanced Institute of Science and Technology (KAIST)

KAIST is the first and top science and technology university in Korea. It was established in 1971 by the Korean government to educate scientists and engineers committed to industrialization and economic growth in Korea. Since then, KAIST and its graduates have been the gateway to advanced science and technology, innovation, and entrepreneurship. On the heels of its phenomenal growth over the past 50 years, KAIST has been recognised as the most innovative University in Asia (2016-2018) and Top-4 Young Universities in the World (2019). At KAIST, five colleges, seven schools, 13 graduate schools, and 27 departments offer a breadth of highly-regarded degree programs as well as interdisciplinary majors.

KAIST is leading innovation by identifying pressing global problems and taking on challenges to address those issues. Currently, there are 152 research institutes and centers at KAIST. Cutting-edge research covering a broad base from AI to sustainability are translating their inventions to address pressing issues around the globe. KAIST has committed to a wide range of science and technology R&D projects since its foundation. KAIST has become an R&D powerhouse in Korea, operating 340 million USD research funds (both from government and industry) in 2020.

Accelerating the journey from idea to impact, KAIST has been the cradle of startups in Korea. KAIST has produced the first generation of venture startup pioneers, beginning in the 1980s. From the 1990s, KAIST alumni have taken the helm, leading the IT industry in Korea and beyond. As of 2019, 1,892 KAIST alumni companies have been founded with their net worth more than 20 billion USD.

For more information, please visit here.

About National University of Singapore

The National University of Singapore (NUS) is Singapore's flagship university, which offers a global approach to education, research and entrepreneurship, with a focus on Asian perspectives and expertise. We have 16 colleges, faculties and schools across three campuses in Singapore, with more than 40,000 students from 100 countries enriching our vibrant and diverse campus community. We have also established our NUS Overseas Colleges programme in more than 15 cities around the world.

Our multidisciplinary and real-world approach to education, research and entrepreneurship enables us to work closely with industry, governments and academia to address crucial and complex issues relevant to Asia and the world. Researchers in our faculties, 30 university- level research institutes, research centres of excellence and corporate labs focus on themes that include energy; environmental and urban sustainability; treatment and prevention of diseases; active ageing; advanced materials; risk management and resilience of financial systems; Asian studies; and Smart Nation capabilities such as artificial intelligence, data science, operations research and cybersecurity.

For more information on NUS, please visit here.

(PRNewsfoto/Klaytn Foundation)

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SOURCE Klaytn Foundation

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Killexams : The industry’s largest mass adoption blockchain event comes to Los Angeles July 29–31

NFT Expoverse has announced its pilot event that gathers influencers, artists, enthusiasts and newcomers to the Los Angeles Convention Center from July 29 to 31. Taking place at one of the country’s cultural hotbeds, the show stands out for its radical inclusivity approach. As the industry’s most affordable event, it will be welcoming not just insiders but also outsiders seeking to learn more about Web3, crypto, blockchain technologies and more. 

NFT Expoverse combines the Metaverse with real-life, tangible experiences for all of its participants. Attendees will get exclusive access to some of the industry’s most renowned brands to learn about cutting-edge products, services and ideas directly from more than 200 exhibitors themselves.

Offering value to a diverse audience across all levels of expertise, NFT Expoverse will feature hundreds of hours of educational content, including conferences, debates and seminars led by renowned industry speakers and professionals.

To date, the exhibitors include Tokenframe, Near Hub, Hector Finance, Freeverse, CryptoBlades, Linqto, HyperNet Labs, Lunar, Enhance and more, who will be displaying products and services for attendees to experience never-before-seen features and perks. For those interested in DApps with on-chain social interactions, play-to-earn video games, innovative DeFi platforms or crypto wallets, NFT Expoverse will be the go-to event for the summer.

Highlighted speakers include Nicole Alexander from Meta, Jasmine Cooper from Ripple, Darcy Donavan from Income Island, Giovanna Graziosi from Decentraland and many others. For young minds, Joseph Loatchwel, Teresa Melvin, Christopher Lyons and Brooklynn Bailey will participate in the “Kids of the Metaverse” panel.

Not only will this event be packed with expert speakers and trailblazing companies, but also tons of digital creators who are changing the course of art history for good. Featuring live NFT galleries, meet-and-greets, exclusive in-event NFT drops, and VR and AR presentation rooms, NFT Expoverse proposes a unique way to experience crypto art using all five senses.

For those unable to make the event, NFT Expoverse’s official Metaverse sponsor RLTY will be creating a Metaverse version of the event with free registration that is included with all paid tickets.

Booth spaces and sponsorship opportunities are still available but selling fast, so those interested in joining NFT Expoverse Los Angeles as an exhibitor can contact the team. Additionally, ticket purchasers receive a 25% discount when using the code “COINTELEGRAPH” or simply by clicking here.

To learn more about the event, its speakers, exhibitors and the fantastic team behind it all, visit the site.

This is a paid press release. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Wed, 27 Jul 2022 00:00:00 -0500 en text/html https://cointelegraph.com/press-releases/the-industrys-largest-mass-adoption-blockchain-event-comes-to-los-angeles-july-2931
Killexams : AAIS & The Linux Foundation Welcome Jefferson Braswell as openIDL Project Executive Director

Lisle, IL, Aug. 03, 2022 (GLOBE NEWSWIRE) -- The American Association of Insurance Services (AAIS) and the Linux Foundation welcome Jefferson Braswell as the new Executive Director of the openIDL Project.

“AAIS is excited about the expansion of openIDL in the insurance space and the addition of Jefferson as Executive Director signals even more strength and momentum to the fast-developing project,” said Ed Kelly, AAIS Executive Director. “We are happy to continue to work with the Linux Foundation to help affect meaningful, positive change for the insurance ecosystem.”

“openIDL is a Linux Foundation Open Governance Network and the first of its kind in the insurance industry,” said Daniela Barbosa, General Manager of Blockchain, Healthcare and Identity at the Linux Foundation. “It leverages open source code and community governance for objective transparency and accountability among participants with strong executive leadership helping shepherd this type of open governance networks. Jeff Braswell’s background and experience in financial standards initiatives and consortium building aligns very well with openIDL’s next growth and expansion period.“

Braswell has been successfully providing leading-edge business solutions for information-intensive enterprises for over 30 years. As a founding Director, he recently completed a 6-year term on the Board of the Global Legal Entity Identifier Foundation (GLEIF), where he chaired the Technology, Operations and Standards Committee. He is also the Chair of the Algorithmic Contract Types Unified Standards Foundation (ACTUS), and he has actively participated in international financial data standards initiatives.    

Previously, as Co-Founder and President of Berkeley-based Risk Management Technologies (RMT), Braswell designed and led the successful implementation of advanced, firm-wide risk management solutions integrated with enterprise-wide data management tools. They were used by  many of the world’s largest financial institutions, including Wells Fargo, Credit Suisse, Chase, PNC, Sumitomo Mitsui Banking Corporation, Mellon, Wachovia, Union Bank and ANZ.    

“We appreciate the foundation that AAIS laid for openIDL, and I look forward to bringing my expertise and knowledge to progress this project forward,” shared Braswell. “Continuing the work with the Linux Foundation to positively impact insurance services through open-source technology is exciting and will surely change the industry for the better moving forward.” 

openIDL, an open source, distributed ledger platform, infuses efficiency, transparency and security into regulatory reporting. With openIDL, insurers fulfill requirements while retaining the privacy of their data. Regulators have the transparency and insights they need, when they need them. Initially developed by AAIS, expressly for its Members, openIDL is now being further advanced by the Linux Foundation as an open-source ecosystem for the entire insurance industry.

ABOUT AAIS
Established in 1936, AAIS serves the Property & Casualty insurance industry as the only national nonprofit advisory organization governed by its Member insurance carriers. AAIS delivers tailored advisory solutions including best-in-class policy forms, rating information and data management capabilities for commercial lines, inland marine, farm & agriculture and personal lines insurers. Its consultative approach, unrivaled customer service and modern technical capabilities underscore a focused commitment to the success of its members. AAIS also serves as the administrator of openIDL, the insurance industry’s regulatory blockchain, providing unbiased governance within existing insurance regulatory frameworks. For more information about AAIS, please visit  www.aaisonline.com.

ABOUT THE LINUX FOUNDATION
Founded in 2000, the Linux Foundation and its projects are supported by more than 2,950 members. The Linux Foundation is the world’s leading home for collaboration on open source software, hardware, standards, and data. Linux Foundation projects are critical to the world’s infrastructure including Linux, Kubernetes, Node.js, ONAP, Hyperledger, RISC-V, and more. The Linux Foundation’s methodology focuses on leveraging best practices and addressing the needs of contributors, users, and solution providers to create sustainable models for open collaboration. For more information, please visit us at linuxfoundation.org. 

ABOUT openIDL
openIDL (open Insurance Data Link) is an open blockchain network that streamlines regulatory reporting and provides new insights for insurers, while enhancing timeliness, accuracy, and value for regulators. openIDL is the first open blockchain platform that enables the efficient, secure, and permissioned-based collection and sharing of statistical data. For more information, please visit www.openidl.org.

John Greene American Association of Insurance Services (AAIS) 630.457.3238 johng@aaisonline.com Dan Whiting Linux Foundation 202.531.9091 dwhiting@linuxfoundation.org

Tue, 02 Aug 2022 23:03:00 -0500 en text/html https://apnews.com/press-release/globe-newswire/technology-blockchain-philanthropy-insurance-industry-a80b0ac3f0d6f6302959645f35b5bff5
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