Latest Blockchain Headlines
All the headlines from our Blockchain Topic Page, ordered by recency.
Societe Generale Issues €10M Digital Green Bond on a Public Blockchain
Dec 5 2023 // Societe Generale, France’s third-biggest listed bank, said on Monday it issued its first so-called digital green bond on a public blockchain, as the lender seeks to build expertise in crypto services. The inaugural...
Blockchain Analysts Suspect N. Korea-Linked Hackers Behind $70M Crypto Theft
Sep 18 2023 // Blockchain researchers say North Korea-linked hackers are likely behind a $70 million theft from crypto exchange CoinEx. CoinEx, which says it is based in Hong Kong, said on Tuesday on social media platform X, formerly...
Could Blockchain Make Data Integration a Reality for Insurers?
Nov 17 2022 // When most of us hear the word “blockchain,” we think about cryptocurrencies like Bitcoin. But could blockchain technology be used to enhance insurance processes? Tram Vo, CEO and founder of Mobility Open...
Industry’s Blockchain Project, B3i, Ceases to Trade After Filing for Insolvency
Jul 29 2022 // The industry’s blockchain project, B3i, has ceased activities and filed for insolvency following unsuccessful funding rounds. “The directors, following consultation with the shareholders, have collectively...
North Dakota to Analyze Blockchain Use on Assessing Uninsured Drivers
Jul 22 2022 // The North Dakota Insurance Department (NDID), in conjunction with the North Dakota Department of Transportation (NDDOT), announced it is conducting a proof-of-concept (“POC”) leveraging blockchain technology to...
Markets/Coverages: IMA Creates Metaverse Insurance R&D Lab; Appalachian’s Workers’ Comp Teams With Slice; Blockdaemon Debuts Blockchain Policy
Mar 14 2022 // IMA Financial Unveils the Metaverse’s First Insurance Research & Development Facility Financial services firm IMA Financial Group said it has launched the metaverse’s first insurance and risk management...
Swedish Tech Start-up Haidrun Launches Blockchain Platform Targeted at Re/Insurers
May 25 2021 // Swedish tech start-up Haidrun has launched an enterprise blockchain platform targeted at insurers and reinsurers. Haidrun’s private blockchain platform eliminates suspicious and duplicate transactions by securely and...
Eurapco and B3i Introduce Unity, a Risk Transfer Service Built on Blockchain
Jan 27 2021 // What its creators say is the first global operational offering on blockchain infrastructure has been launched, enabling the transfer of facultative risks within a network of companies, with marine insurance being the first...
Where ‘DeFi’ Crypto Users See Sure Bets During COVID, Critics See Unregulated Risks
Aug 27 2020 // It sounds like a surefire bet. You lend money to a borrower who puts up collateral that exceeds the size of the loan, and then you earn interest of about 20%. What could possibly go wrong? That’s the proposition...
Cryptoasset Insurer Evertas Receives License to Operate in Bermuda
Jun 10 2020 // Cryptoasset insurer Evertas has received a license from the Bermuda Monetary Authority to start operating from the jurisdiction. Evertas’ operations in Bermuda will now aim to start issuing policies for theft or loss...
This Insurance Would Have Helped in Coronavirus Crisis But Nobody Bought It
Apr 3 2020 // Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He’s also plugging away trying to keep businesses healthy, as well. In his role as a...
How Pharmaceutical Firms Are Using Blockchain to Track Down Counterfeit Drugs
Feb 21 2020 // Some of the industry’s largest pharmaceutical companies, including Pfizer Inc. and Eli Lilly and Co., have developed a blockchain-based system to track prescription drugs across the supply chain to better halt the...
B3i’s Blockchain Platform Places 30 Reinsurance Contracts, Including Cat XoL Treaties
Feb 14 2020 // B3i Services AG, a two-year-old company owned by members of the insurance industry, announced that 30 contracts of reinsurance have been concluded on its platform, including some of the most complex catastrophe excess of...
HSBC to Shift $20 Billion Worth of Assets to Blockchain-Based Platform
Dec 3 2019 // HSBC aims to shift $20 billion worth of assets to a new blockchain-based custody platform by March, in one of the biggest deployments yet of the widely hyped but still unproven technology by a global bank. The platform,...
FEMA Envisions High-Tech Flood Insurance Program Using Parametrics, Blockchain
Nov 26 2019 // Blockchain technology and parametric insurance should be included in the Federal Emergency Management Agency’s toolbox as it strives to close the nation’s flood insurance coverage gap, according to a draft...
China’s Ping An Insurance to Spend $22B on Tech, From AI to Blockchain
Oct 24 2019 // Ping An Insurance wants to be valued more like a technology company. Its executives have yet to convince investors their planned $22 billion spend on everything from artificial intelligence to blockchain will work. While...
B3i’s Blockchain Re/Insurance Network Begins to Offer Real-Life Industry Solutions
Oct 22 2019 // The author Douglas Adams once said, “We are stuck with technology when what we really want is just stuff that works.” Many of us can relate, especially with new technology such as distributed ledger technology...
Reinsurers Take the Technology Lead
Oct 21 2019 // When it comes to innovation and utilization of emerging technologies in the insurance industry, reinsurance companies once led the way as early adopters of technology. But recently, the primary insurance sector has...
Blockchain Initiative, B3i, Deploys Cat Excess of Loss Product for January Renewals
Oct 15 2019 // B3i announced it has released the latest version of its property catastrophe excess of loss (XoL) reinsurance application in time for the January 2020 renewals. The product enables customers and their counterparties to...
Facebook Loses Backers for Its Libra Digital Currency But Could Still Proceed
Oct 14 2019 // Facebook faces a rough road ahead with Libra, but defections by high-profile partners are still unlikely to spell the end for the digital currency. On Friday, Visa and MasterCard announced their departures from the Libra...
