blockchain News

Canadian Banks, Insurers Tap Blockchain Technology to Verify Client Identities

Canada is making a big leap in modernizing identity verification, tapping blockchain technology to let consumers digitally prove who they are to securely access banking and other personal services. SecureKey Technologies Inc.’s Verified.Me digital identity system is now available for …

4 Insights From the Conference I Just Attended

I’m at the AAIS Main Event this week and I’ve learned a lot. I go to a lot of different events for a lot of different reasons. I go to this event in part to network and meet people that …

Ant Financial Aims to Disrupt Health Insurance with New Chinese Health ‘Collective’

Billionaire Jack Ma’s Ant Financial has done more than perhaps any company to disrupt China’s gargantuan banking and asset-management industries. Now it’s trying to re-imagine health insurance. Ant’s Xiang Hu Bao, which means mutual protection, has attracted 50 million people …

Philippine Payments Operator Mynt, Backed by Ant Financial, Plans to Offer Insurance

Mynt, the Philippine payments operator backed by billionaire Jack Ma’s Ant Financial, plans to roll out insurance products en route to becoming a sprawling financial services platform in its Chinese ally’s image. The operator of the GCash app is now …

ChainThat to Launch Blockchain-Driven Re/Insurance Risk Exchange in Bermuda

A blockchain-driven risk and capital exchange for the insurance and reinsurance market is set to be launched in Bermuda later this year by ChainThat. The exchange will allow broker, reinsurance and insurance companies access to the capital markets using blockchain. …

What Agents Should Know About Cryptocurrency Insurance Market

Cryptocurrency and blockchain entities may seem like a hot market for insurance agents looking to specialize, but right now there are not many insurers willing to write it. Before jumping in, agents would be wise to consider partnering with a …

Coordinated Global Regulation of Cryptocurrencies Needed: Circle CEO

Major economies should launch coordinated regulation of cryptocurrencies, the head of Goldman Sachs-backed startup Circle said on Monday, underscoring growing industry support for international rules on digital money. “Ultimately there needs to be normalization at the G20 level of critical …

Marsh Develops Blockchain Solution for Clients in Sharing Economy

Marsh announced that it is developing the first blockchain-based verification solution for clients in the fast-growing sharing and gig economies. Working in collaboration with Evident, a data security platform that allows businesses to run comprehensive, accurate verifications without handling sensitive …

Greenlight Re Invests in Hong Kong-Based Blockchain Business

A division of Greenlight Capital Re has invested in a blockchain-related business based in Hong-Kong. The Cayman Islands-headquartered property/casualty specialist reinsurer said it pursued a strategic investment in Galileo Platforms through its Greenlight Re Innovations arm. Greenlight Re did not …

Walmart Ready to Mandate Blockchain for Certain Food Suppliers

After several years of tests, Walmart Inc. is ready to mandate use of blockchain technology by a swath of its U.S. suppliers, marking one of its biggest commercial uses. Starting in September 2019, Walmart and its Sam’s Club division will …