May 05 | 2:05 PM - 2:50 PM (ET)
Blockchain is an open, distributed ledger that can record transactions between parties in a verifiable, and immutable way. A smart contract is the codification of the terms of an agreement intended to digitally facilitate, verify, and/or enforce the performance of a respective contract which runs, or executes, on the blockchain. Smart contracts allow the performance of credible transactions without third parties. This disruptive technology holds tremendous promise, especially given the proliferation of IoT devices. However, it also presents many challenges for all stakeholders in the warranty value chain, especially with respect to legal and regulatory frameworks that govern the industry.
Aleem and Brian will speak to innovation in the application of blockchain in the warranty industry and its corresponding challenges and opportunities from a business and compliance perspective. Aleem will focus on the technical and business considerations and Brian will focus on the complex and emerging legal and compliance issues associated with this digital disruption.