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Africa Blockchain Conference 2018 • May 23-24, 2018

Organized by The Blockchain Association of Uganda, with support from the Government of Uganda, the Africa Blockchain Conference will concentrate…

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Tag: insurance

Etherisc to Roll Out Decentralized Insurance Application on Ethereum for Puerto Rico

Category: Ethereum, Finance, News

Etherisc to Roll Out Decentralized Insurance Application on Ethereum for Puerto Rico

Over the years, Puerto Ricans have reportedly become frustrated with delayed and inefficient payouts from insurance companies. A new decentralized insurance application built on the Ethereum blockchain may soon change all of that though. A more transparent insurance system is perhaps the best news for the region since Hurricane Maria, the strongest storm to hit the coastal country in over…

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California Bill Extends Electronic Record Definition to Include Blockchain Signatures

Category: Blockchain, Business, News, Regulation

California Bill Extends Electronic Record Definition to Include Blockchain Signatures

Ian Calderon, a California lawmaker, introduced a bill named Assembly Bill 2658 on February 15, intending to make blockchain signatures and smart contracts legal. The Assembly Member proposed to update state’s electronic record laws by incorporating blockchain signatures and smart contract as part of the legislation. If the bill is passed, it will fall under the Uniform Electronic Transaction Act….

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Insurance Companies Looking to Offer Cryptocurrency Coverage

Category: Commentary, News

Insurance Companies Looking to Offer Cryptocurrency Coverage

The technology underpinning bitcoin is facing doubt regarding the number of hacking and related incidents of fraud on the rise. While the majority is focused on the astronomical gains and subsequent drops in value, there’s another group of hackers working stealthily to find new ways to steal tokens. As it stands, crypto investors have already lost billions from past hacks,…

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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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