--- title: AAIS Views | Data Management/Distributed Ledger description: Data Management/Distributed Ledger | AAIS Views provides the latest updates, alerts, and news in the P&C industry. --- [![](https://aaisviews.aaisonline.com/hs-fs/hubfs/social-suggested-images/www.aaisonline.comimagelayout_set_logo.png?width=150&height=38&name=www.aaisonline.comimagelayout_set_logo.png)](https://aaisviews.aaisonline.com/compliance-alerts) ## Compliance Alerts # Data Management/Distributed Ledger [![](https://aaisviews.aaisonline.com/hubfs/Feature%20-%20Shifting%20Data.jpg)](https://aaisviews.aaisonline.com/aais-views/shifting-the-data-sharing-paradigm-with-openidl) ## [Shifting the Data Sharing Paradigm with openIDL](https://aaisviews.aaisonline.com/aais-views/shifting-the-data-sharing-paradigm-with-openidl) Jan 10, 2022 / by [Matt Hinds-Aldrich](https://aaisviews.aaisonline.com/aais-views/author/matt-hinds-aldrich) posted in [openIDL](https://aaisviews.aaisonline.com/aais-views/topic/openidl), [Data & Technology](https://aaisviews.aaisonline.com/aais-views/topic/data-technology), [Data Management/Distributed Ledger](https://aaisviews.aaisonline.com/aais-views/topic/data-management-distributed-ledger), [Tech News](https://aaisviews.aaisonline.com/aais-views/topic/tech-news), [Regulatory/Compliance](https://aaisviews.aaisonline.com/aais-views/topic/regulatory-compliance), [Modeling/Predictive Analytics](https://aaisviews.aaisonline.com/aais-views/topic/modeling-predictive-analytics), [AAIS Insights](https://aaisviews.aaisonline.com/aais-views/topic/aais-insights), [Data/Tech](https://aaisviews.aaisonline.com/aais-views/topic/data-tech), [Modeling/Actuarial](https://aaisviews.aaisonline.com/aais-views/topic/modeling-actuarial) [0 Comments](https://aaisviews.aaisonline.com/aais-views/shifting-the-data-sharing-paradigm-with-openidl#comments-listing) Clive Humby said it best with his oft-cited quote – “data is the new oil.” It is true that the value of data is in its refinement and synthesis into useful insights, tools, and products, all predicated on the existence of a complex infrastructure to share and transport data from where it is found (those with the data) to where the analysis occurs (those with the questions). [Read More](https://aaisviews.aaisonline.com/aais-views/shifting-the-data-sharing-paradigm-with-openidl) [![](https://aaisviews.aaisonline.com/hubfs/Feature%20-%20value%20of%20data.jpg)](https://aaisviews.aaisonline.com/aais-views/increasing-the-value-of-data) ## [Increasing the Value of Data](https://aaisviews.aaisonline.com/aais-views/increasing-the-value-of-data) Jan 4, 2022 / by [Ruturaj Waghmode](https://aaisviews.aaisonline.com/aais-views/author/ruturaj-waghmode) posted in [Community](https://aaisviews.aaisonline.com/aais-views/topic/community), [Issues & Trends](https://aaisviews.aaisonline.com/aais-views/topic/issues-trends), [Data & Technology](https://aaisviews.aaisonline.com/aais-views/topic/data-technology), [Data Management/Distributed Ledger](https://aaisviews.aaisonline.com/aais-views/topic/data-management-distributed-ledger), [Tech News](https://aaisviews.aaisonline.com/aais-views/topic/tech-news), [Data](https://aaisviews.aaisonline.com/aais-views/topic/data), [AAIS News & Views](https://aaisviews.aaisonline.com/aais-views/topic/aais-news-views), [AAIS Insights](https://aaisviews.aaisonline.com/aais-views/topic/aais-insights), [Data/Tech](https://aaisviews.aaisonline.com/aais-views/topic/data-tech) [0 Comments](https://aaisviews.aaisonline.com/aais-views/increasing-the-value-of-data#comments-listing) Everyone has probably heard the cliché “Data is an Asset.” But how do we break it down pragmatically into an actionable backlog and apply some “data-driven metrics” toward attributing and increasing the value of data. It’s a fascinating and challenging paradigm – to increase the value of data. Like many other assets, the value is typically not intrinsic; it must be harnessed. It requires a process of extraction, enrichment, polishing, and packaging. Even then, the value realization is not obvious or guaranteed, until the consumer engages with it. Think of diamonds. They go through an extensive process from rock to finished product, and still only possess value once purchased by a consumer at a defined market rate. [Read More](https://aaisviews.aaisonline.com/aais-views/increasing-the-value-of-data) [![](https://aaisviews.aaisonline.com/hubfs/Feature%20-%20Blockchain%20Sandbox.jpg)](https://aaisviews.aaisonline.com/aais-views/value-of-blockchain-sandboxes-being-realized-by-regulators) ## [Value of Blockchain “Sandboxes” Being Realized by Regulators](https://aaisviews.aaisonline.com/aais-views/value-of-blockchain-sandboxes-being-realized-by-regulators) Nov 17, 2021 / by [Robin Westcott](https://aaisviews.aaisonline.com/aais-views/author/robin-westcott) posted in [Community](https://aaisviews.aaisonline.com/aais-views/topic/community), [Technology](https://aaisviews.aaisonline.com/aais-views/topic/technology), [Data & Technology](https://aaisviews.aaisonline.com/aais-views/topic/data-technology), [Data Management/Distributed Ledger](https://aaisviews.aaisonline.com/aais-views/topic/data-management-distributed-ledger), [Tech News](https://aaisviews.aaisonline.com/aais-views/topic/tech-news), [Regulatory/Compliance](https://aaisviews.aaisonline.com/aais-views/topic/regulatory-compliance), [Blockchain](https://aaisviews.aaisonline.com/aais-views/topic/blockchain), [Legislation & Regulation](https://aaisviews.aaisonline.com/aais-views/topic/legislation-regulation), [Data/Tech](https://aaisviews.aaisonline.com/aais-views/topic/data-tech) [0 Comments](https://aaisviews.aaisonline.com/aais-views/value-of-blockchain-sandboxes-being-realized-by-regulators#comments-listing) We’re at an inflection point with blockchain technology. A greater community of interest has developed beyond cryptocurrency with the realization that blockchain can solve all types of problems. Insurance regulators nationwide are starting to create “[sandboxes](https://mspolicy.org/regulatory-sandbox-reforms-advance-across-the-nation/),” essentially incubators where new technologies and innovations can be developed and tested, exempt from prohibitive regulations, until a proper regulatory framework can be created. [Read More](https://aaisviews.aaisonline.com/aais-views/value-of-blockchain-sandboxes-being-realized-by-regulators) [![](https://aaisviews.aaisonline.com/hubfs/Featured%20-%20ITL.jpg)](https://aaisviews.aaisonline.com/aais-views/blockchain-the-next-big-thing) ## [Blockchain: The Next Big Thing](https://aaisviews.aaisonline.com/aais-views/blockchain-the-next-big-thing) Oct 8, 2021 / by [Robin Westcott](https://aaisviews.aaisonline.com/aais-views/author/robin-westcott) posted in [openIDL](https://aaisviews.aaisonline.com/aais-views/topic/openidl), [Issues & Trends](https://aaisviews.aaisonline.com/aais-views/topic/issues-trends), [Data & Technology](https://aaisviews.aaisonline.com/aais-views/topic/data-technology), [Data Management/Distributed Ledger](https://aaisviews.aaisonline.com/aais-views/topic/data-management-distributed-ledger), [Tech News](https://aaisviews.aaisonline.com/aais-views/topic/tech-news), [Regulatory/Compliance](https://aaisviews.aaisonline.com/aais-views/topic/regulatory-compliance), [Blockchain](https://aaisviews.aaisonline.com/aais-views/topic/blockchain), [Data/Tech](https://aaisviews.aaisonline.com/aais-views/topic/data-tech), [Modeling/Actuarial](https://aaisviews.aaisonline.com/aais-views/topic/modeling-actuarial) [0 Comments](https://aaisviews.aaisonline.com/aais-views/blockchain-the-next-big-thing#comments-listing) In August, [AAIS Views detailed the results](https://aaisviews.aaisonline.com/aais-views/openidl-covid-19-pilot) of our hugely successful Proof of Concept (POC) for openIDL (Open Insurance Data Link) that proved the blockchain technology can dramatically improve the insurance regulatory reporting proves for insurers and regulators. We also saw that insurer information could be correlated with data from other sources to reveal deeper insights, and that data could be leveraged by regulators, while remaining private, secure and in full control of participating carriers [Read More](https://aaisviews.aaisonline.com/aais-views/blockchain-the-next-big-thing) [![](https://aaisviews.aaisonline.com/hubfs/Getting%20Technical.jpg)](https://aaisviews.aaisonline.com/aais-views/how-openidl-came-to-life) ## [Getting Technical: How openIDL Came to Life](https://aaisviews.aaisonline.com/aais-views/how-openidl-came-to-life) Oct 5, 2021 / by [Isaac Kunkel, Chainyard](https://aaisviews.aaisonline.com/aais-views/author/isaac-kunkel-chainyard) posted in [openIDL](https://aaisviews.aaisonline.com/aais-views/topic/openidl), [Data & Technology](https://aaisviews.aaisonline.com/aais-views/topic/data-technology), [Data Management/Distributed Ledger](https://aaisviews.aaisonline.com/aais-views/topic/data-management-distributed-ledger), [Tech News](https://aaisviews.aaisonline.com/aais-views/topic/tech-news), [Regulatory/Compliance](https://aaisviews.aaisonline.com/aais-views/topic/regulatory-compliance), [Blockchain](https://aaisviews.aaisonline.com/aais-views/topic/blockchain), [Data/Tech](https://aaisviews.aaisonline.com/aais-views/topic/data-tech), [Chainyard](https://aaisviews.aaisonline.com/aais-views/topic/chainyard) [0 Comments](https://aaisviews.aaisonline.com/aais-views/how-openidl-came-to-life#comments-listing) [openIDL](https://aaisonline.com/openidl), the groundbreaking blockchain technology AAIS developed to streamline regulatory reporting and connect data across the insurance industry has a chance to revolutionize the entire insurance ecosystem. When you peek behind the curtain, you see just how much went into building out this platform collaboratively with stakeholders in the insurance and technology world. [Read More](https://aaisviews.aaisonline.com/aais-views/how-openidl-came-to-life) [![](https://aaisviews.aaisonline.com/hubfs/Featured%20-%20Report%20Highlights.jpg)](https://aaisviews.aaisonline.com/aais-views/report-highlights-openidl-passes-covid-19-bi-data-call-test) ## [Report Highlights: openIDL Passes COVID-19 BI Data Call Test](https://aaisviews.aaisonline.com/aais-views/report-highlights-openidl-passes-covid-19-bi-data-call-test) Aug 24, 2021 / by [Robin Westcott](https://aaisviews.aaisonline.com/aais-views/author/robin-westcott) posted in [openIDL](https://aaisviews.aaisonline.com/aais-views/topic/openidl), [Data & Technology](https://aaisviews.aaisonline.com/aais-views/topic/data-technology), [Data Management/Distributed Ledger](https://aaisviews.aaisonline.com/aais-views/topic/data-management-distributed-ledger), [COVID-19](https://aaisviews.aaisonline.com/aais-views/topic/covid-19), [Regulatory/Compliance](https://aaisviews.aaisonline.com/aais-views/topic/regulatory-compliance), [Blockchain](https://aaisviews.aaisonline.com/aais-views/topic/blockchain), [NAIC](https://aaisviews.aaisonline.com/aais-views/topic/naic), [Data Call](https://aaisviews.aaisonline.com/aais-views/topic/data-call), [Business Interruption](https://aaisviews.aaisonline.com/aais-views/topic/business-interruption), [AAIS Views](https://aaisviews.aaisonline.com/aais-views/topic/aais-views) [0 Comments](https://aaisviews.aaisonline.com/aais-views/report-highlights-openidl-passes-covid-19-bi-data-call-test#comments-listing) On Aug. 16, at the 2021 Summer National Association of Insurance Commissioners (NAIC) National Meeting, AAIS VP of Government Affairs, Legal & Compliance, Robin Westcott, presented the results of a Proof of Concept (POC) testing whether openIDL could support a COVID-19 Business Interruption Data call issued by the NAIC. The meeting served as the kickoff for the openIDL Regulatory Reporting Steering Committee (RRSC). Ms. Westcott provided highlights from the positive findings set out in the report published by AAIS declaring that blockchain/distributed ledger technology had passed the test enroute to even broader applications across the industry. 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