The increasingly urgent need for crypto-native insurance By Cointelegraph

The increasingly urgent need for crypto-native insurance

The insurance industry has long provided important support for major leaps in innovation. It is no coincidence that the modern insurance industry has emerged in parallel with the Industrial Revolution.Indeed, it is convincing debate The invention of fire and property insurance – in response to the Great Fire of London – lubricated the capital investment gears that drove the Industrial Revolution, which is likely why it started in London. Through the first and every technological revolution that followed, insurance provided a safety net for innovators and investors, and acted as an external, objective verifier of risk—thus becoming the encouragement and incentives needed to confidently test and break down barriers. Safe source.

Today, we are in the midst of a new digital financial revolution, and the case for this new technology is clear and compelling.recent White House Executive Order Further emphasising this point on “ensuring the responsible development of digital assets,” is a watershed moment for the industry, elevating discussions around the technology’s importance to the national stage and acknowledging its importance to U.S. strategy, interests, and global competitiveness sex.

Sofia Arend Currently Head of Communications and Content at the Global Blockchain Business Council (GBBC). Before joining GBBC, Sofia worked for the Atlantic Council, a top ten global defence and national security think tank. Sofia received her Bachelor of Arts, cum laude, in International Relations and Global Studies from the University of Texas at Austin, where she competed as an NCAA Division-I recruited rower.

J. Gdanski is an expert in privacy, security and risk management, a key leader in the enterprise blockchain space, and the CEO and founder of Evertas, the first company dedicated to the insurance of crypto assets and blockchain systems.