News flash! Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Insights

Reuters: U.S. tech firm in blockchain tie-up with insurance advisory firm

U.S. technology company The Bitfury Group said on Friday it had formed a strategic partnership with advisory firm Risk Cooperative to use the blockchain digital ledger in the $60 billion insurance broking market.

Blockchain, a public record of all bitcoin digital currency transactions, can also be used to track assets across industries. Over the last two years, Bitfury has been helping national governments put data on a blockchain.

“Blockchain technology can bring transparency and security to the insurance industry, and can be a catalyst for new insurance business models,” Bitfury Chief Executive Valery Vavilov said in a statement.

Read More

Stay informed.

Our Insights Newsletter highlights the latest news and analysis on global strategy, policy and risk.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Scroll to Top