The insurance sector is riddled with inefficiencies — and distributed ledger technology is on a mission to fix them. The business of insurance is enormously complex: The process of evaluating and managing a variety of risks that individuals and organizations face every day inevitably involves coordination of the multiple parties’ efforts and reconciliation of extensive […]
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EOS developer Block.one is attempting a 10% buyback of its stock. Earlier this week, it was revealed that EOS developer Block.one is attempting a 10% buyback of its stock, reportedly the second one in less than a year. It seems that some of the company’s investors are up for a big payday: The earliest backers […]
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First launched as a PoC in April 2018, Marsh’s proof of insurance blockchain platform is set to be rolled out soon to U.S. clients. Canada-based global insurance broker Marsh will soon roll out its proof of insurance (POI) blockchain platform to American commercial clients, the firm announced in a press release on April 25. First […]
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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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A brief history of how IBM has established itself as a leader for innovative blockchain solutions around the world. The adoption of blockchain technology is slowly taking shape across a multitude of industries. At the forefront of the amalgamation of payment systems and logistics is US tech giant International Business Machines Corporation (IBM), which has […]
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sponsored A decentralized fintech company has forged a partnership that will see its technology integrated into products offered by TD Bank, one of the world’s largest financial institutions. Hydrogen, a NYC-based business that was recently named KPMG’s fintech startup of the year has signed a public blockchain licensing deal with TD Bank – the world’s […]
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IBM and Marsh’s blockchain-based commercial insurance partnership will leverage Salesforce links, the companies have confirmed. Global insurance brokerage and risk management firm Marsh announced it would extend its partnership with IBM as part of its proof-of-insurance blockchain solution, a press release confirmed Wednesday, September 26. Marsh, which began working with IBM in April this year […]
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