Blockchain

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