Blockchain technology timeline in Morocco and Insurance Sector

-

 Blockchaintechnology is a relatively new and rapidly evolving area in Morocco. Here are some key events and developments in the history of blockchain in Morocco:

 

2017: The Moroccan government launches a blockchain-based platform for managing and tracking land transactions.

 

2018: The Moroccan government announces plans to explore the potential of blockchain technology in various areas, including finance, energy, and e-government services.

 

2019: The Moroccan government launches a blockchain-based platform for managing supply chain and logistics operations.

 

2020: The Moroccan financial regulator, Autorité Marocaine du Marché des Capitaux (AMMC), issues guidelines for the issuance of digital securities using blockchain technology.

 

2021: A Moroccan startup, Labess, launches a blockchain-based platform for managing and verifying academic degrees and certificates.

 

Blockchain
Bitcoin

These developments indicate that blockchain technology is gaining traction in Morocco, with various applications in different sectors. However, there are also challenges to be addressed, such as regulatory frameworks, infrastructure, and skills development. With ongoing developments and initiatives, it is expected that blockchain technology will continue to play a role in Morocco's digital transformation and innovation ecosystem. There are also potential applications in areas such as identity management, supply chain management, and digital payments, among others.

 

Blockchain
Blockchain

The use of blockchain technology in the insurance sector in Morocco is still in its early stages. However, there are some notable initiatives and developments in this area. Here are some key events and developments in the history of blockchain in Morocco's insurance sector:

 

2018: A Moroccan insurtech startup, Allianz-Tiriac, launches a blockchain-based platform for managing insurance policies and claims.

 

2019: A Moroccan insurance company, Wafa Assurance, partners with a blockchain startup to explore the use of blockchain technology in managing insurance claims and improving efficiency.

 

2020: The Moroccan Insurance and Social Security Supervisory Authority (ACAPS) announces plans to explore the potential of blockchain technology in improving the transparency and efficiency of the insurance sector.

 

2021: A Moroccan insurtech startup, Cridet Assurance, launches a blockchain-based platform for managing insurance policies and claims, with a focus on microinsurance for low-income households.

 

These developments suggest that blockchain technology is starting to gain attention and adoption in Morocco's insurance sector, with potential benefits such as improved efficiency, transparency, and fraud prevention. However, there are also challenges to be addressed, such as regulatory frameworks, interoperability, and standardization. As blockchain technology continues to evolve and mature, it is expected that more use cases for blockchain in insurance will emerge in Morocco and other markets around the world.

Comments

Post a Comment

Please do not enter any spam link in comment box.

Popular posts from this blog

Health Insurance of Pakistan/India/Kenya/Bangladesh/Morocco

-
Image
  Health Insurance of Pakistan   The health insurance industry in Pakistan has undergone significant changes over the past few decades, with a focus on increasing access to healthcare services and improving health outcomes for the population. Here are some key developments in the health insurance sector in Pakistan:   1994: The Pakistani government established the National Health Insurance Scheme (NHIS), which aimed to provide healthcare coverage to the country's poorest and most vulnerable populations. The NHIS was later renamed the Health Card Scheme and expanded to cover a wider range of beneficiaries.   2001: The government of Punjab province established the Sehat Sahulat Program, which aimed to provide free healthcare services to poor and vulnerable populations in the province. The program was later expanded to other provinces in the country.   2005: The Pakistani government passed the Insurance Ordinance, which aimed to regulate the insuran...
Read more

InsurTech Trend transform the way we buy, sell and claim on car insurance

-
💓 InsurTech is abbreviation of insurance technology which means all advance technologies in trend like Artificial Intelligence, Cloud Computing, Big Data Analytics, Data Science, Machine Learning, Deep Learning, and much more. These technologies have potential to revolute the whole insurance industry structure entirely. If we see one application of only one technology like IoT with Artificial Intelligence in car insurance product of insurance industry, it has great potential to revolute whole business structure on which base this product is offered. Lets understand the revolution process only by this one technology like IoT with merging Artificial Intelligence. IoT means internet of thing defined as any object which has capability to be connected with internet falls in this category. for example, smart watch, smart home, smart city, smart building, smart camera, smart T.V, smart manufacturing plant, smart car and so on. Telematic is a device which falls in IoT category as it can mea...
Read more

Islamic Banking VS Conventional Banking

-
Image
Islamic banking  is same like  conventional banking . This is statement of majority. However, they both have difference. it is not like " hold ear from one side or another side, both are same". Islamic banking is imperceptive by majority. This blog will remove misconceptions about Islamic finance. You may see video and subscribe my channel  " IBF Club"  where many videos relating to products of Islamic banking are described with comparison of conventional banking products. Now decision is yours either you support Islamic banking in this level or not. Islamic banking is not too old as conventional banking which have strong roots in economic system of all countries. If we really want get rid from interest based system then we have to support to Islamic banking by opening account in Islamic banking branches or spreading awareness or getting education in this field and switching jobs from conventional to Islamic banking branches. These all are efforts which require for...
Read more