BlockchainConsortiumInsuranceMarketSmart Contracts

Blockchain in the Insurance Industry, IBM and B3i Leverage Distributed Ledger Technology

IBM Corporation logo. (PRNewsFoto/IBM Corporation)

Recently, insurance consortium B3i announced its new smart contract prototype, which uses the IBM Blockchain Platform to improve processes in the insurance industry. Built on the open source Hyperledger Fabric, the IBM Blockchain Platform will be used to streamline the insurance industry and improve the system for the wide variety of individuals and companies involved.

Global Managing Director for the Insurance Industry at IBM, Sandip Patel kindly agreed to an interview with Chain-Finance to answer some questions on blockchain technology and how it can be applied to the insurance industry.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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