The crypto firm Nomad in the United States has been the victim of a $190 million theft, according to blockchain researchers on Tuesday, the latest such heist to hit the digital asset sector this year. Nomad said in a tweet that it was “aware of the incident” and was looking into it, but provided no… Continue reading U.S. Crypto Firm Nomad Hit by $190 Million Theft
Tag: blockchain
Major Reinsurers and Brokers Complete Complex Placements on B3i’s Blockchain Platform
B3i Services AG, a 2-year-old company entirely owned by members of the insurance industry, announced that 30 contracts of reinsurance have been concluded on its platform, including some of the world’s most complex Catastrophe Excess of Loss (XoL) reinsurance treaties. A total of 9 insurers, 4 major brokerage firms, and 8 reinsurers participated in… Continue reading Major Reinsurers and Brokers Complete Complex Placements on B3i’s Blockchain Platform
Aon, Oxfam, and Etherisc Launch First Blockchain-Based Agricultural Insurance for Smallholder Farmers in Sri Lanka
Aon plc, the leading global professional services firm providing a broad range of risk, retirement and health solutions; Oxfam in Sri Lanka, the organization working to alleviate poverty; and Etherisc, the InsurTech startup developing a protocol for decentralized insurance applications, today announced the launch of, and farmer enrollment in, a blockchain-based platform. Nearly 200 farmers… Continue reading Aon, Oxfam, and Etherisc Launch First Blockchain-Based Agricultural Insurance for Smallholder Farmers in Sri Lanka
Marsh to Begin Rollout of Proof of Insurance Blockchain Platform
Marsh, the world’s leading insurance broker and risk adviser, announced today that it will begin rollout of its Proof of Insurance Blockchain platform to US commercial clients. Originally launched as a proof of concept last April, Marsh’s blockchain-powered Proof of Insurance transforms the process from manual and complicated to automated and streamlined, allowing clients to… Continue reading Marsh to Begin Rollout of Proof of Insurance Blockchain Platform
Blockchain Insurance Industry Initiative Raises $16M
The Blockchain Insurance Industry Initiative (B3i) has raised around $16 million in its latest funding round, according to corporate registry filings in Switzerland. Founded in 2016, the B3i is a collaboration of 15 global insurers and reinsurers formed to explore the potential of using distributed ledger technologies (DLT) within the industry for the benefit of… Continue reading Blockchain Insurance Industry Initiative Raises $16M
Walmart, Sam’s Club Start Mandating Suppliers Use IBM Blockchain
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 require suppliers of fresh, leafy greens to implement real-time, end-to-end traceability of products back to… Continue reading Walmart, Sam’s Club Start Mandating Suppliers Use IBM Blockchain
Marsh Expands IBM Collaboration to Provide Blockchain Proof of Insurance to More Clients through Salesforce Platform
Marsh, a global leader in insurance broking and innovative risk management solutions, announced today that it is expanding its collaboration with IBM to provide clients with wider access to the industry’s first commercial blockchain solution for proof of insurance. By using blockchain technology, Marsh and IBM are working together to transform the certificate of insurance… Continue reading Marsh Expands IBM Collaboration to Provide Blockchain Proof of Insurance to More Clients through Salesforce Platform