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Deloitte Publishes Findings from Blockchain and Insurance Simulation

Blockchain in Health and Life Insurance: Turning a Buzzword into a Breakthrough

Deloitte’s Center for Health Solutions and Center for Financial Services recently partnered with Wikistrat to study how health and life insurance companies might leverage blockchain and related technologies to strengthen key elements of their value proposition.

Wikistrat deployed a crowd of more than 40 analysts from around the world (including 17 academics, 11 authors and various leaders in blockchain technology, cybersecurity, finance, futurism and insurance) to brainstorm how blockchain could be applied by insurers to improve current standard operating procedures while enhancing the customer experience.

44 use cases were developed, of which six were selected for closer study. They are now published in Deloitte’s e-book, Blockchain in Health and Life Insurance: Turning a Buzzword into a Breakthrough, and concern interoperable health records, smart contracts, fraud detection, directory accuracy, simplifying the application process and facilitating a dynamic insurer/client relationship.

Click here to download Deloitte’s report and click here to learn more about Wikistrat’s crowdsourced services.

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Wikistrat’s Year in Review: 2016

2016 Year in Review

We have come to the end of another challenging and incredibly busy year. And what a year it has been.

It seems that the world is changing, for better or for worse, before our eyes: President-elect Donald Trump’s victory, Brexit, Russia’s increasing role in global politics, the death of Fidel Castro, the outbreak of the Zika virus, the impeachment of Brazilian president Dilma Rousseff, the ongoing tragedy in the Middle East, and a series of terrorist attacks in Europe are only several of the surprises of 2016.

If there is one lesson this year has taught us, it is the reaffirmation of the old axiom: “Always expect the unexpected.”

Niels Bohr’s famous quote also comes to mind: “Prediction is very difficult, especially if it’s about the future.”

But hey, that’s what crowdsourcing and expert communities are for! Read More →

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Wikistrat Is Hiring a Junior Sales Associate

Junior Sales Associate
Washington D.C. – Full Time

Company Description

Wikistrat, the world’s first crowdsourced consultancy, operates a global network of over 2,500 subject-matter experts working collaboratively via our online platform to help decision makers identify solutions to complex strategic challenges.

Wikistrat is looking to grow its D.C. sales team to keep up with the advancement of our crowdsourced analytic services across private sector and government clients.

Position Summary

The Junior Sales Associate is a sales-support position, responsible for identifying and contacting prospects, including responding to inbound requests, outreaching to new and existing clients, qualifying potential opportunities, and scheduling initial product presentations between prospects and our sales team.

The Junior Sales Associate will attend relevant events and conferences, and work effectively to network with supporters, brokers and prospective clients.

An ideal candidate will be an ambitious self-starter, not intimidated by outreach and networking events, and looking to advance to a sales, marketing, and business development role with us.

Over time, the Junior Sales Associate will also be conducting product demonstrations for prospective customers and will develop into a product expert and advocate, integral in the continued growth of Wikistrat’s products in existing and new markets. Read More →

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EY Shares Insights from Wikistrat Crowdsourced Simulation

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Earlier this year, EY partnered with Wikistrat to crowdsource the implications of industry convergence. 56 professionals from 23 regions and across 17 industries collaborated on Wikistrat’s online, interactive platform over the course of nine days to identify the industries most ripe for convergence and to analyze the effects of this trend.

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The crowd developed 46 in-depth scenarios which revealed not only how the way we do business will be transformed but also the way we live.

Three industries in particular were seen by the analysts as most susceptible to convergence: healthcare, mobility and financial services. EY’s latest report about convergence focuses on these domains.

Why are healthcare, mobility and financial services on the front lines of industry convergence?

All are industries where disruptors from other sectors are redefining value, services and the customer experience, writes EY. Read More →

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The Future of Industry is Convergence: An EY-Wikistrat Collaboration

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Wikistrat is excited to announce the launch of a new crowdsourced simulation today in partnership with EY in which a global community of analysts from a range of specialty areas will study the future of convergence in industry.

Disruptive forces — from technology to customer empowerment to evolving social challenges — are transforming the landscape of industry. We are at the cusp of a new business revolution, where the boundaries between previously discrete industries and sets of participants are blurring, creating new competitive threats, disrupting established business models, and challenging companies to find opportunities to thrive in this new and evolving landscape.

More than 30 hand-picked top experts from Wikistrat’s community will collaborate in this online project with an equal number of analysts from EY’s global network of clients and associates to investigate:

  • The drivers of industry convergence
  • Scenarios for convergence between specific industries
  • The implications for large global companies

Wikistrat’s model of Collaborative Competition™ allows analysts to explore many different and competing scenarios. Participants are encouraged to approach the subject matter from various points of view and challenge conventional wisdoms.

The simulation’s findings will be shared by EY in an insight series on this topic. Everyone who is interested should keep an eye on Wikistrat’s and EY’s digital channels where initial insights from the project will be shared throughout the month.

Follow Wikistrat on Facebook and Twitter.

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Wikistrat Partners with Deloitte to Study the Impact of the “Internet of Things” on Financial Services

To provide a glimpse into the future of how the “Internet of Things” will impact financial services, Wikistrat recently partnered with the Deloitte Center for Financial Services in a crowdsourced simulation. The final product from this collaborative effort is now available for download at Deloitte University Press.

The Derivative Effect Deloitte report

The accelerating pace of technological innovation makes it difficult to predict how the Internet of Things (IoT) might evolve over the next five to ten years — and in particular what it means for financial services: banking, capital markets, commercial real estate, wealth management, etc.

To help Deloitte gain insight into future scenarios and impacts of the IoT revolution, Wikistrat assembled a crowd of academics, analysts and entrepreneurs with expertise in financial services and technology and embarked on an online, strategic simulation. Wikistrat tasked analysts with developing a series of use cases within specific industry sectors and with forecasting and describing the opportunities and challenges that IoT technology presents.

Jim Eckenrode, the Executive Director of the Deloitte Center for Financial Services, writes about the exercise,

The sheer number of ideas [Wikistrat’s] workshop generated in a short period suggests that opportunities to capitalize on new information flows may be limited only by our collective imagination.

Click here to download Deloitte’s report from this engagement.

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Wikistrat Internship Program Accepting Applications

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Are you a young professional working in international relations, or a college student in relevant fields? Then Wikistrat’s Internship Program is a great opportunity for you!

Interning for Wikistrat allows junior geostrategic thinkers to interact with some of the world’s leading analysts in live geopolitical simulations and contribute to the theoretical knowledge base of Wikistrat, all in a unique Web 2.0 environment.

Wikistrat regularly trains interns to become part of the new generation of strategic thinkers. Interns undergo a two-stage internship program, consisting of a two-week training course followed by four months of internship activities. Upon completion of the full internship, qualified candidates will be invited to join Wikistrat as Researchers, an analyst rank which allows them to participate in Wikistrat’s client simulations.

Wikistrat is now accepting applications for the May 2015 Internship program starting May 5 and the July 2015 Internship program starting July 5. Click here to learn more.

The deadlines for applications are April 15 and June 15 respectively, 12 PM U.S. EST. Email your resume and a brief cover letter to [email protected]. Late applications will not be considered.

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New Wikistrat Simulation: Greece Exits the Eurozone

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Wikistrat launches a new, week-long simulation today to explore the consequences of a potential Greek exit from the eurozone.

The January 25 election brought the “hard-left” Syriza party to power in Greece. It immediately had to renegotiate the conditions of the country’s bailout. The new government, elected on an anti-austerity platform, vowed to bypass the “troika” (the European Commission, the European Central Bank and the IMF), demand debt forgiveness and roll back spending cuts. At the same time, neither the government nor Greek voters wanted to leave the euro or the EU.

Germany and Greece’s other eurozone creditors would not accept Syriza’s demands. Rather, they agreed to a four-month extension of the bailout under which Greece is required to continue labor and tax reforms as well as privatizations in exchange for continued financial support. Presumably, there will be a standoff again when the four-month extension runs out.

Neither side won this time, but there was a truce. As in earlier stages of the Greek sovereign debt crisis, Germany’s and the ECB’s firm commitment to cohesion and stability, and their fear of cataclysmic market volatility, trumped the economic rationale for an orderly Greek exit.

What if, in the next few months and year, Greece requires further support and that calculation changes? What would be the effects of a Greek Eurozone exit?

This simulation is designed to find out! Read More →

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New Wikistrat Simulation: Confronting Libya’s Turmoil

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Today, Wikistrat launches a 48-hour speed simulation in which analysts are asked to design policy options for Libya’s neighbors, Arab Gulf states, the European Union and the United States to confront the tumultuous situation in the country.

More than three years after the fall of Muammar Gaddafi, the Islamic State of Iraq and Al-Sham (ISIS) is taking advantage of the political chaos in Libya, stepping up attacks and establishing strongholds there. Recently, ISIS fighters were shown beheading 21 Egyptian Christians on a Libyan beach; the group also claimed responsibility for a bombing that killed at least 35 in the city of Qubba.

Libya has grown increasingly unstable over the last year due to violence among competing militias and rivalry between two separate governments: the internationally-recognized, Tobruk-based government led by Prime Minister Abdullah Al-Thinni, and the Islamist-sympathetic government led by Omar Al-Hassi out of Tripoli.

Reports indicate that ISIS militants have established a base in the city of Derna, where Egypt carried out airstrikes following the execution of the Coptic hostages. Two million Egyptians live in Libya, but many have begun returning home as the situation deteriorates.

Some residents say ISIS is levying taxes and setting up courts in Derna. The group has also seized a university in Sirte, and videos circulate on social media show ISIS troops patrolling the streets there.

The number of ISIS fighters currently in Libya is unclear, but reports indicate that members of local Islamist militias are defecting to ISIS ranks.

The foreign minister of Libya’s internationally recognized government, Mohamed Dayri, told U.S. officials in Washington that his government needs immediate military assistance to deal with the situation. But the U.S. is reluctant to provide aid until a government of national unity is formed.

Meanwhile, Qatar has recalled its ambassador from Egypt to protest its intervention in Libya. The Gulf Cooperation Council, however, has given its full support to Egypt, issuing a statement that said it backed Cairo in “fighting terrorism and protecting its citizens at home and abroad.”

The Qatari government supports the Fajr Libya (Libya Dawn) Islamist alliance in Tripoli, while the United Arab Emirates and Saudi Arabia have joined Egypt in supporting the recognized government in Tobruk and its main military backer, General Khalifa Haftar.

The current challenge is to combine the efforts of interested countries to prevent ISIS from gaining further control of Libya and ensuring the extremist organization does not spread into other North African states like Tunisia, Morocco and Algeria.

Are you interested in participating in simulations like these? Apply for membership to the analytic community here.

Stay tuned to Wikistrat’s Facebook and Twitter channels for updates and insights from this simulation!

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New Wikistrat Simulation: Ukraine in 2020

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Earlier this week, Wikistrat launched a new crowdsourced simulation to look beyond the immediate political issues affecting Ukraine and consider what the country’s geostrategic position might be in the year 2020.

At present, Ukraine faces a Russian-instigated and -supported insurgency in its southeast, the loss of Crimea, an economy in crisis, and a government divided and often unprepared for rule. An oligarchic elite is seeking to preserve its power and prosperity, radicals are growing impatient with the slow pace of reform, nationalists are advocating a tougher line with the culturally Russian population, the country remains heavily dependent on Russian energy and markets, and optimistic dreams of a rapid shift toward integration with the European Union are fading.

Nevertheless, Russia’s determination to try to forestall any westward drift and the West’s determination to punish Moscow for its meddling underline one basic point: Ukraine matters. Will it be the prize that Moscow manages comprehensively and conclusively to return to its sphere of influence — a rather more useful and reliable neighbor than Belarus — or will it instead grow closer to the West, bringing the prospect of expanding “Europe” up to the Ural watershed closer? Might it, as Moscow fears, ever become a NATO state on its southern flank? Or will it instead find some place between Russia and Europe, friend of both, client of neither?

In this context, the question is not only what Ukraine can do to shape its future over the next five years — years which will inevitably be difficult — but also what options external actors have to influence the country’s evolving relationships.

These are the issues Wikistrat’s analysts will be exploring over the next two weeks. Read More →

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