Tag: insurance

Australia’s Biggest Bank Trials Blockchain-Based ‘Smart Money’ for Disability Insurance

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The Commonwealth Bank of Australia and a government-run digital innovation center have successfully trialled a blockchain-powered “smart money” system for disability insurance. The Commonwealth Bank of Australia (CBA) and government-run digital innovation center Data61 have released the results of their trial for a blockchain-powered “smart money” system for Australia’s National Disability Insurance Scheme (NDIS). The […]

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Japanese Insurer Sompo Partners With African BTC-Enabled Remittance Service BitPesa

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Japanese insurance company Sompo has partnered with pan-African crypto-enabled remittance platform BitPesa. Japanese insurance company Sompo has partnered with pan-African digital payment platform BTC Africa, also known as BitPesa, according to a press release published Nov. 11 by Asia-focused English-language publication Nikkei Asian Review. Sompo Holdings Inc. reportedly invested 570 million yen ($5 million) Nov. […]

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New Chinese Blockchain Alliance Plans Development of Four Finance-Oriented Platforms

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The “Guangdong, Hong Kong and Macao Dawan District Blockchain Alliance” has been established to promote and develop blockchain technology in China. The “Guangdong, Hong Kong and Macao Dawan District Blockchain Alliance” has been established to promote synergy and innovation and jointly promote the development of the blockchain technology, China News, the official state-run press agency, […]

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Swiss Crypto Firm Gets Islamic Finance Certification for Sharia-Compliant Stablecoin

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Switzerland-based fintech firm X8 AG has received a certification from the Shariyah Review Bureau for its ETH-based stablecoin. Switzerland-based fintech firm X8 AG has received a certification from the Shariyah Review Bureau (SRB) for its Ethereum-based stablecoin, Reuters U.K. reports Nov. 12. SRB is a leading Sharia consultancy and audit firm licensed by the central […]

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‘Free Transactions Cleared in Five Seconds’: Platform to Help Businesses Use Blockchain

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sponsored A startup is aiming to woo social networks, gaming companies, payment providers and other businesses through a blockchain platform that benefits them and their customers. A startup is aiming to attract social networks, gaming companies and mobile payment providers through a “full-service platform” that eliminates the headaches associated with using blockchain technology to reach […]

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Morgan Stanley Report Shows Strong Institutional Investment for Bitcoin

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Morgan Stanley’s report shows Bitcoin’s appeal to institutional investors as the market evolves. On October 31, multinational investment bank and financial services company, Morgan Stanley, released their latest report on Bitcoin. The report, entitled “Update: Bitcoin, Cryptocurrencies and Blockchain,” stated that Bitcoins and altcoins have constituted a “new institutional investment class” since 2017. In comparison […]

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Deloitte Partners with Startup For Gov’t-Level Blockchain Identity Management

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Audit and consulting firm Deloitte and Attest Inc. will develop a blockchain-based digital identity solution to assist its government clients. “Big Four” accounting firm Deloitte has partnered with identity management company Attest Inc. to develop a blockchain-based digital identity system, according to a press release published Nov. 5. Chicago-based Attest is an identity management company […]

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