Latest Blockchain Headlines
All the headlines from our Blockchain Topic Page, ordered by recency.
Blockchain Is Littered with ‘Smart’ Contracts Gone Bad: Opinion
Nov 16 2017 // Smart contracts were supposed to revolutionize finance. So far, however, they have proven adept mainly at helping people lose their money. The digital contracts make use of blockchain technology to get around trusted...
Xceedance Makes Equity Investment in Startup Blockchain Specialist ChainThat
Nov 14 2017 // Xceedance, the provider of insurance consulting, managed services, technology and data sciences, announced a multi-million dollar “Series A” equity investment in ChainThat, a London-based blockchain specialist...
Allianz Develops Blockchain Prototype for Captive Insurance Program
Nov 7 2017 // Allianz Global Corporate & Specialty SE (AGCS) has successfully trialed blockchain technology for a global captive insurance program, which facilitates cash transfers between countries. AGCS’s Allianz Risk...
Insurtech Startup Etherisc Offers Blockchain-Based Flight Delay Insurance
Oct 30 2017 // Etherisc, a Zug-Switzerland-based insurance platform startup, has begun offering blockchain-based flight delay insurance, called Flight Delay, which automates the process of getting an insurance payout in case a flight is...
Blockchain Industry Initiative, B3i, Expands with 23 New Broker, Re/Insurer Entrants
Oct 2 2017 // The Blockchain Insurance Industry Initiative B3i announced it has expanded with 23 new brokers and re/insurers entrants, which will help with B3i’s upcoming market testing program. B3i’s new entrants are: AIA,...
Insurers Hope Insurtech Will ‘Nudge’ Customers to Less Risky Behaviors
Sep 19 2017 // Insurers are counting on real-time technology to help them cut back payouts, from a system warning ships of nearby pirates to an app offering to buy sleepy drivers a coffee on the motorway. The lure of products promising...
After Months of Development, B3i’s Blockchain Prototype Is Ready for Testing
Sep 14 2017 // The industry’s Blockchain Insurance Industry Initiative (B3i) has developed a reinsurance blockchain prototype for a property excess of loss contract—and could be on the cusp of an industry revolution. Unveiled...
EY, Maersk and Microsoft Create Blockchain-Based Marine Insurance Platform
Sep 6 2017 // Consultancy EY, data security firm Guardtime, Microsoft and ship operator Maersk have joined to build a blockchain-based marine insurance platform that will be the first real-world use of the nascent technology in the...
Blockchain Used as Settlement Mechanism for Cat Bond with Parametric Trigger
Aug 14 2017 // Financial markets are showing some signs of volatility these days after exceptionally low indicators since the start of the 2017. The Chicago Board Options Exchange Volatility Index, or VIX, is at its highest level this...
Hyperledger Project Releases Blockchain Code for Large Firms Building Software
Jul 13 2017 // The Hyperledger Project, a group led by the Linux Foundation, has released its first blockchain code that can be used by large businesses to build software. The group, whose more than 120 members include International...
Bitcoin Startup, Blockchain, Raises $40M in New Funding from Heavy Hitters
Jun 22 2017 // Blockchain, the London-based bitcoin currency service provider, has raised $40 million of fresh funding, representing one of the largest investment rounds in the financial technology sector since Britain’s vote to...
Blockchain Firm Bitfury Teams with Insurance Broker Risk Cooperative
Jun 16 2017 // Blockhain technology company The Bitfury Group said it is partnering with the Washington, D.C. insurance advisory and brokerage firm Risk Cooperative to pioneer blockchain applications in the $60 billion insurance...
AIG ‘Smart’ Policy Uses Blockchain to Manage International Coverage for Bank
Jun 15 2017 // American International Group Inc. and Standard Chartered Bank plc announced they have successfully piloted what they say is the first multinational, “smart contract” based insurance policy using blockchain, a...
Corporate Venture Arm of CNP Assurance Leads Investment in Blockchain Startup
Jun 9 2017 // U.S. exchange group Nasdaq Inc has joined a 7 million-euro ($7.9 million) investment round in Stratumn, which helps companies develop applications using blockchain technology, the Paris-based startup said on Thursday [June...
Brave New World: 1st Reinsurance Product Heads to the Blockchain
Jun 9 2017 // Second of Two Articles There has been a lot of press – and perhaps hype – about blockchain and its potential to revolutionize the industry’s processes and ultimately improve the customer experience. However, the...
What Is Blockchain and How Does It Work?
Jun 7 2017 // First of Two Articles While everyone talks about blockchain, also known as mutual distributed ledger technology, just a few people actually know what this technology can do and how it could someday revolutionize the...
Toyota, MIT Lab Eye Using Blockchain in Insurance Rating of Driverless and Shared Vehicles
May 23 2017 // The Toyota Research Institute (TRI) is exploring blockchain and distributed ledger technology (BC/DL) for use in the development of driverless cars. TRI is collaborating with the MIT Media Lab and other industry partners...
The Present Use and Promise of Blockchain in Insurance
May 16 2017 // Twenty years ago, people who thought that the Internet would completely transform business processes would have been right, but they could also have lost a lot of money investing in “dot com” enterprises that...
PwC Develops Blockchain Prototype for London Market Claims
Mar 7 2017 // PwC has created a working blockchain prototype for the London Market’s Target Operating Model (TOM) Innovation Exchange, which demonstrates how the technology can support claims bordereau management processes, the...
Investments in Insurtech Expected to ‘Keep Booming’ in 2017: KPMG Report
Feb 23 2017 // Investor interest in insurtech is expected “to remain hot across all regions of the world” during 2017, following strong growth in 2016, according to a report published by KPMG. In the coming year, most...
