Is proof of Insurance the next blockchain trend ?

I was reading up on this , Proof of Insurance pilot by Marsh, and it has some redeemable qualities to it. However paragraphs like this ,

Originally introduced as a proof of concept last April, Marsh’s blockchain-powered proof of insurance automates and streamlines the manual process, allowing clients to speed up necessary business functions while increasing coverage certainty.

I’m a bit confused in this. Maybe Marsh is old school and behind the times. As stressful and painful as any kind of insurance is these days , I’ve rarely had to do many things manually with may if them. Progressive and Geico are simple online and even mobile app portals now. There are others where you answer a few questions and get a bunch of quotes in return.

Yes, plenty of things could still be automated , but car insurance has been simplified by a lot of firms. You can take a picture with your smart phone app after an accident these days. How would you automate that? Buy a Tesla like car that sends all the data back anyway ?

Streamlining processes makes perfect sense to me, and integrating salesforce and hyperledger for insurance could be useful. But it’s just another database like verification process over some cutting edge proof of insurance new blockchain consensus protocol. That would be different.

blockchain for hemp seed to sale ?

Hemp is more than just CDB. Industrial Hemp has a ton of use cases, but all the limelight right now is CBD. What is CBD ? CBD-rich hempseed is sort of legal in most states presently, it also is legal in many countries around the globe. However at the same time it’s uncommon, giving plant growersa tremendous new market as obstructions to national hempseed appropriation are evaluated.

The 2018 Farm Bill ensures interstate business for all hemp items, evacuating necessities that suitable hempseeds require endorsement from the U.S. Medication Enforcement Administration. However places like Georgia didn’t approve CBD food based options. Other states follow some FDA and state wide regulations and bills.

However, the law sets up prerequisites in excess of twelve states around ensured seeds – those that have been tried against germination and consistency benchmarks and show low dimensions of THC. Cannabis assortments that contain over 0.3% THC stay illicit under the 2018 Farm Bill.

Many hemp editions presently being grown are imported from the European Union – cultivars that are commonly bred for fiber and seed production, not CBD-rich flowers.

The reality is licensed seeds are guaranteed to produce these CBD-rich flora are so uncommon that genetics ought to show greater profitable than selling hemp outright.

Hemp generations are another interesting concept. Two years could mean eight hemp generations. And there aren’t tight regulations like in marijuana. Some seed varieties from Europe are low quality types. They haven’t grown hempseed for CBD and their strains are about 3% or less.

Colorado now has thirteen certified hemp cultivars, the most of any state.The Farm Bill doesn’t tackle hemp farmers who have already been shopping for and promoting hemp cultivars.

A West Virginia hemp farm was  ordered to shut down  after it was  accused of illegally importing hempseeds from Kentucky; that case is pending. But Kentucky is trying to be a hemp capital of the world.

How can blockchain help with all this? Immutability. Seed to sale. Internet of Things. Incentives. Tokenization. The major hype and strides in the hemp industry are not without some major pain points. Audit trails and transparency issues (blockchain definitely feasible here), payment solutions and cash only challenges (crypto and bitcoin), quality assurance and maintenance(blockchain), and general regulatory uncertainty have plagued cannabis entrepreneurs for years.

Blockchain allows businesses to manage their supply chains in a quicker more stream lined time period, eliminating paper trails and their inevitable lag. Since the cannabis space is comparatively new, few corporations are ready to produce efficient vertical combinations in their  supply chain free from any lag or loss of product.

It’s seemingly that cannabis can have many various business use cases from farming to once it gets to a certified lab or clinicmaking multiple potential expensive points of failure. Cannabis businesses utilizing blockchain are going to be ready to exactly pinpoint any inefficiencies within them and, well, nip them within the bud.

Additionally, by utilizing blockchain in their supply-chain, cannabis businesses are going to be ready to give customers the entire seed to sale image of their products journey.  Transparency and a better audit trail. And an incentive for newer buyers to learn a little more about the farmers and distributors along the way.

Dispensaries also will be ready to guarantee their merchandise contain precisely the quantity of CBD and whether or not it’s sativa or indica dominant as what they’re publicizedSeveral first-timers walking through legalvclinic doors tend to have questions and concerns about their sensitivities to the merchandise. A supply chain supported by perfect science caters to an improved overall client expertise. And better supply chain transparency.

Wrong wrong and inaccurate articles on blockchain

If you read articles like this ,

It gives you hope companies are becoming more interested in utilizing blockchain for real world use cases and not pretend another gambling prediction site. And yet you see things like this

While FoodChain is built on Hyperledger Fabric (based on Ethereum), and has its own internal token called CAL, Auchan will only rely on its blockchain technology – and won’t be using the token.

It appears bigger companies like Auchan aren’t really keen on using tokens for anything (yet).”

Hyperledger isn’t ethereum at all. They are really not even close to being similar. Hyperledger is a private permissioned blockchain and Hyperledger fabric is IBMs private DLT. It doesn’t even require tokens or the concept of crypto.

In fact IBM plays a big part in hyperledger and didn’t even like crypto or tokens. Now they partnered or will be partnering with Stellar for some payment capabilities, but far different than some weird way to be totally inaccurate on what this application above was trying to do.

I wonder if David Canellis is clueless or a shill for said firms. Because his article is absurd in explaining hyperledger and ethereum as one really.

What is this digital twinning in IOT all about and how does azure digital twins fit into this ?

We at Pagarba are all about IoT , IDoT and blockchain with AI on the Edge and have been knee deep into this concept of Digital twinning.

Digital Twinning is the concept of replicating and mapping the virtual and augmented worlds with the living or non-living physical world. Think Industry 4.0 and augmented reality. So it’s all about simulating and bridging the virtual and physical worlds together.

What does this actually mean ?

Well, we are utilizing real data from these physical things, like sensors and gateways, to analyze the temperature, moisture, efficiency, conditions and real-time status of farms, drones, buildings , trucks , routes and manufacturing plants. And then we map out and simulate, in an encrypted digital mesh twinning environment, future predictions and warnings, optimizations and their possibilities.

But we do so much more than that because it’s not all about digital twinning. The real fun is integrating and simulating the virtual and physical worlds to create , design, develop and maintain these new and improved food service supply chain systems, smarter farms , smarter cities and smarter factories in a more secure and intelligent decentralized fashion.

The future for supply chain 4.0 , smarter cities , smarter farms , smarter logistics is in this optimized and intelligently automated system. Somewhere around 85% of the internet of things platforms and systems will contain some form of this digital twinning and simulations by 2020. And a lot of it will be optimized and automated on the Edge. The edge of AI and blockchain.

But maybe that’s still confusing…

These sensors collect the data utilized by smarter gateways and encrypted mesh networks that feed into the digital twinning simulator that opens up the possibilities to be able to predict leaks , help replace dead batteries before they die , and the smarter intelligent decentralized contracts will fix hardware breakdowns before we even are aware they may be a problem.

Imagine knowing road closures or water shortages before they happen and reporting them to human operators to save time, money and a peace of mind.

The idea of discovering or knowing about the faults and issues before they happen; changes everything. Your business and your devices will automatically order parts from other companies and/or other devices that may source these automation components, reducing your risk of downtime caused by these broken devices or assets. Or even save lives.

We’ve worked and are working with decentralized and centralized platforms. Check the video out below from Microsoft about their new digital twin and give us a call.

Azure digital twins