Riskblock’s software framework: the familiar and the novel

The RiskBlock Alliance has created an enterprise software framework. On the one hand, it incorporates the concept of re-usability, which is hardly new. What’s surprising is that it’s blockchain agnostic – it is capable of supporting Corda, Ethereum, and Hyperledger.

Re-usability

There are a massive number of potential use cases in the insurance industry. But most are going to need a policy blockchain. RiskBlock’s framework involves re-using that blockchain and building on it. “So we’ll have one policy blockchain, one claims blockchain, etc, that serve multiple use cases in a connected framework. So it gives you the best traits of being decentralized but also of being an enterprise framework as well.” Christopher McDaniel, Exec Director, RiskBlock Alliance.

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