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BitBrum • November 19, 2017

  Cryptobates Group and Inspiring Co. are delighted to announce Birmingham’s inaugural BitBrum cryptocurrency and blockchain conference to be held…

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Tag: insurance

Blockchain Platform fidentiaX Set to Disrupt Tradable Insurance Policies Market

Category: ICO News

Blockchain Platform fidentiaX Set to Disrupt Tradable Insurance Policies Market

Are you aware that your insurance policy is a tradeable asset? Many life insurance policyholders are aware that they are able to surrender their policy to their insurance company in exchange for its cash value, but few are aware that it’s possible to sell a policy on the open market at a higher value. fidentiaX is a new fintech platform…

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Teambrella, the first Insurance DAO, starts in South America and the Netherlands

Category: Ethereum, Finance, News

Teambrella, the first Insurance DAO, starts in South America and the Netherlands

Teambrella wants to solve some problems of the insurance industry by eliminating insurance companies. Utilizing smart contracts and cryptocurrencies the Russian developers have built a decentralized insurance platform. Now the first projects have launched, covering pets in South America and bicycles in the Netherlands. Due to the fees, the developers switched from Bitcoin to Ethereum. Until now, bitcoin and other…

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AIG, IBM, and Standard Chartered Collaborate on First Multinational Smart Contract Insurance Policy

Category: Blockchain, Business, News

AIG, IBM, and Standard Chartered Collaborate on First Multinational Smart Contract Insurance Policy

Insurance giant AIG, the commercial bank Standard Chartered, and IBM have announced the successful completion of the pilot of the first ever multinational smart contract insurance policy backed by blockchain technology. The solution was built by IBM and is based on the Hyperledger Fabric framework, which is one of the Hyperledger projects hosted by The Linux Foundation. The technology allowed…

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Toyota and Merck Join Enterprise Ethereum Alliance

Category: Business, Ethereum, News

Toyota and Merck Join Enterprise Ethereum Alliance

In a move certain to ignite further progress around how businesses work with blockchain technology, the Enterprise Ethereum Alliance announced May 22 that automaker Toyota Motor Corp., and the pharmaceutical giant Merck were among the latest of over 80 companies to join the industry group. These new entrants will now collaborate with JPMorgan Chase & Co., BP LP, Microsoft Corp.,…

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Will Blockchain Technology Provide the Solution to Genome Privacy?

Category: Blockchain, News, Tech

Will Blockchain Technology Provide the Solution to Genome Privacy?

Our genomes contain a wide range of valuable information that can help health practitioners to diagnose and prevent illnesses with more precision and effectiveness than ever before. However, there is also the potential for abuse of your genome data if it falls into the wrong hands. Genome privacy is a very real problem that former academic and entrepreneur David Koepsell…

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Tokio Marine and NTT DATA Develop Blockchain Solution for Insurance Component of Shipping Trade

Category: Blockchain, Business, News

Tokio Marine and NTT DATA Develop Blockchain Solution for Insurance Component of Shipping Trade

Japanese insurance company Tokio Marine & Nichido Fire Insurance and system integration specialist NTT Data Corporation announced that they had completed a proof of concept for blockchain-based cargo insurance certificates for the international trade finance market. The test involved creating a data bill of lading, letter of credit, and a commercial invoice on a distributed ledger and was then tested…

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Ethereum: Slock.it Gets $2 Million for Creation of the Universal Sharing Network, WeTrust Receives $4.5 Million with an ICO

Category: Business, Ethereum, Finance, News, Tech

Ethereum: Slock.it Gets $2 Million for Creation of the Universal Sharing Network, WeTrust Receives $4.5 Million with an ICO

Two Ethereum startups aim to build blockchain platforms which enable people all over the world to share and lend money and other things in a secure, trustless and easy way; Slock.it with its Universal Sharing Network and WeTrust with global trustless Lending Circles. Both startups recently received funding to realize their visions. Nearly daily new promising Ethereum projects start with…

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Microsoft and Tierion Team Up to Secure Identities with Bitcoin’s Blockchain

Category: Bitcoin, News, Tech

Microsoft and Tierion Team Up to Secure Identities with Bitcoin’s Blockchain

Through Microsoft’s new decentralized identity initiative to give people and organizations control of their identity and related data, Tierion will partner with the tech giant to collaborate on a service that will prove the existence and integrity of data be linking it to a blockchain, announced January 30. “Tierion is a leader in anchoring data to blockchains,” says Daniel Buchner,…

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Leading Insurance Executives Expect Blockchain Debut in 2017

Category: Business, News, Tech

Leading Insurance Executives Expect Blockchain Debut in 2017

Leading chief information officers from the insurance industry are expecting some major changes in the IT infrastructure of their companies. The majority of executives who participated in a study led by The Economic Times stated that blockchain technology will most likely make an official debut in the industry by the end of 2017. However, the technology will have to overcome…

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Mitsui Sumimoto Launches Insurance Coverage For Cryptocurrency Exchanges

Category: Bitcoin, Business, Finance, News

Mitsui Sumimoto Launches Insurance Coverage For Cryptocurrency Exchanges

Japanese insurance giant Mitsui Sumitomo Insurance, as revealed by Nikkei Asian Review, will be launching insurance coverage for cryptocurrency exchanges, designed to insure against damages and losses resulting from cyber attacks and operational issues. The new insurance product is being developed in partnership with Tokyo-based bitcoin exchange bitFlyer, aimed at protecting both exchanges and their customers against losses. The coverage…

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