Blockchain
From Open Risk Manual
Definition
Blockchain. It is a trust-less distributed data structure exchanging and storing data in blocks and linking each block to the previous block, using the hash of the previous block.
Use Cases in Risk Management
A number of use cases have been identified as potential areas where blockchain techologies may have an impact on improving Risk Management
- Risk Audit
- Risk Underwriting
- Counterparty Risk Management
- Fraud Risk Management
- Identity Theft Protection
- Liquidity Risk Management
- Capital Management
- Systemic Risk Management
- Operational Risk improvements
