blockchain News

Arch Insurance (UK) and Marsh Launch ‘Blue Vault,’ Insurance Cover for Digital Assets

Arch Insurance (UK) Ltd., in collaboration with Marsh, the insurance broker and risk adviser, announced the launch of Blue Vault, a new solution to provide insurance protection for the secure storage of digital asset private keys held in traditional vault …

China Pacific Insurance Joins Industry Blockchain Initiative, B3i

China Pacific Insurance Group (CPIC) has become the latest investor in B3i, the insurance and reinsurance industry’s blockchain initiative. CPIC’s membership further strengthens B3i’s representation across the global insurance market, said B3i, which now is supported by 18 major insurance …

New IBM Blockchain Network Manages Supply Chain Including Insurance

International Business Machines Corp. announced on Monday a new blockchain network aimed at improving manual and cumbersome supply chain management. Supply chain management involves overseeing the flow of goods and services, such as tracking the movement and storage of raw …

Financial World’s Blockchain Euphoria Gives Way to Pragmatism as Projects Stall

Two years ago Nasdaq Inc. and Citigroup Inc. announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it “a milestone in the global financial sector.” But the …

Hapag-Lloyd, Ocean Network Express Join Peers in Shipping Blockchain Platform

German container group Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) are to join peers in a blockchain platform aimed at limiting the industry’s costly paper trail. The two companies will join market leaders Maersk , Mediterranean Shipping Co (MSC) and …

Ethereum Blockchain Founder Among Those Worried About Facebook’s Libra Currency

Facebook Inc.’s foray into digital currencies risks reversing gains in privacy and user sovereignty won by computer-networking pioneers, according to one of the co-founders of Ethereum, the blockchain of choice for most business and finance projects. Facebook has received pushback …

Aon, Insurtech Startup Etherisc Launch Blockchain-Based Agriculture Insurance

Aon plc has partnered with anti-poverty organization Oxfam and insurtech startup Etherisc to launch a blockchain-based platform that provides agriculture insurance for smallholder farmers in Sri Lanka. Nearly 200 Sri Lankan farmers have enrolled to obtain micro-insurance protection against crop …

UK’s Legal & General Partners with Amazon to Create Blockchain System for Pensions

British insurer Legal & General has teamed up with Amazon to establish what it said is the first blockchain system for corporate pension deals. The insurer said it would use a managed blockchain system launched by Amazon Web Services (AWS) …

China’s Ant Financial Provides Health Coverage to 65 Million Clients for Pennies a Month

Ping An Insurance (Group) Co. employed about 1.4 million people to peddle policies last year. Yet it’s Jack Ma’s newest online disruptor that is stealing the show — with 50 workers and visions of serving 300 million customers. Ma’s Ant …

Microsoft Tools Ease Access to Blockchain, Artificial Intelligence for Businesses

Microsoft Corp. on Thursday announced new tools for software makers aimed at making technologies such as artificial intelligence and blockchain easier for businesses to use. Microsoft released the tools ahead of its software developer conference next week in Seattle. Once …