blockchain News

Crypto Prediction Market on Blockchain Raises Regulatory Concerns

The next confrontation between government regulators and a blockchain startup appears set to ensnare a prediction market platform that goes by the name Augur. After going live on July 10, Augur allows anyone to create contracts to predict future events …

Interest in Crypto Insurance Grows, Despite High Premiums, Broad Exclusions

In the staid and buttoned-up world of insurance underwriting, few want to talk about it. You won’t find many ads promoting it or details on company websites offering it. But according to industry insiders, there’s a hot new business that …

Strategic Blockchain: Xceedance and ChainThat Gain Critical Mass

Xceedance decided to jump on the blockchain bandwagon late last year – but rather than building its own platform, it invested in ChainThat, a specialist provider of blockchain solutions for the insurance and reinsurance industry. ChainThat made a similar move …

CFA Institute Adds Cryptocurrency, Blockchain to Curriculum

It might be the definitive sign that cryptocurrencies have arrived on Wall Street. CFA Institute, whose grueling three-level program has helped train more than 150,000 financial professionals, is adding topics on cryptocurrencies and blockchain to its Level I and II …

What’s Next for Major Blockchain Firm R3? IPO or Sale?

R3, a blockchain-software company that works with more than 200 heavyweights such as Intel Corp., Microsoft Corp., US Bancorp and Wells Fargo & Co., is considering going public, according to people familiar with the matter. The company is speaking with …

Blockchain Is Tech Evolution That Will Create Re/Insurance Revolution: B3i’s Marke

Blockchain technology is moving out of the lab and into the insurance business. It’s moving past the hype phase and is edging closer to providing real-life efficiency improvements for the industry. It’s been a slow and evolutionary process—one that ultimately …

Canada’s Fineqia International Takes Stake in Blockchain Startup Black Insurance

Fineqia International Inc., a Vancouver-based technology company, announced it is taking an equity allocation in Black Insurance, a blockchain insurance startup. Terms of the investment were not disclosed, but Fineqia said its investment represents less than 1 percent of its …

California Workers’ Comp Rating Bureau Exploring Blockchain, Behavioral Science

One wouldn’t normally associate blockchain with workers’ compensation, two completely different industries that seem worlds apart. But as it turns out, the technology is of value to at least one very important entity in the space. The Workers’ Compensation Insurance …

B3i Chooses R3’s Corda Blockchain Platform for Development of Business Network

B3i, The Blockchain Insurance Industry Initiative, has announced it will build its applications and business network on the Corda blockchain platform, supplied by software firm R3. Following an extensive evaluation, which focused on the critical success factors of data privacy, …

Financial Services Industry Boosts Blockchain Spending

The financial services industry is spending about $1.7 billion per year on blockchain, as banks and other firms move beyond the proof-of-concept stage and start rolling out commercial distributed ledger technology (DLT) products. That’s a conclusion of a new report …