As insurance executives, you understand the importance of being prepared for unexpected events. But what happens when the unexpected is a two-day outage in a blockchain system? This is exactly what happened to Canto Blockchain recently, causing chaos and uncertainty for its users.

According to a recent article on BitRss.com, Canto Blockchain suffered a two-day outage due to a consensus issue. This left users unable to access their accounts or make transactions, causing frustration and financial losses. The outage also highlighted the importance of reliable insurance for businesses that rely on blockchain technology.

Blockchain technology has revolutionized the way businesses operate, providing a secure and transparent way to store and transfer data. However, as with any technology, it is not immune to outages and other unexpected events. This is where reliable insurance comes in.

Imagine if your business relied on blockchain technology and suffered a similar outage. How would you recover your losses? How would you ensure that your customers are not negatively impacted? This is where parametric insurance can help.

With Riskwolf, you can turn real-time data into insurance. Using unique real-time data and dynamic risk modelling, we enable insurers to build and operate parametric insurance at scale. Simple. Reliable. Fast. This means that in the event of a blockchain outage, you can be confident that your losses will be covered and your customers will be protected.

But it’s not just about recovering losses. It’s also about being prepared for the unexpected. By having reliable insurance in place, you can focus on running your business without worrying about the potential risks of blockchain technology.

In conclusion, the recent outage at Canto Blockchain serves as a reminder of the importance of reliable insurance for businesses that rely on blockchain technology. With Riskwolf, you can be confident that you are prepared for the unexpected and can focus on running your business without worrying about potential risks. Don’t take chances with your business - get in touch with Riskwolf today to develop parametric insurance for your blockchain system.

(Source: BitRss.com)