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World Ethical Data Forum 2018 • September 19-20, 2018

Held at the World Trade Centre in the Catalan city of Barcelona and covering areas such as cryptocurrency and ICO…

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Tag: InsurTech

Ethereum Finds Potential Use Case in Hurricane Florence’s Arrival: Automated Insurance Payouts

Category: Altcoins, Blockchain, Business, Ethereum, News

Ethereum Finds Potential Use Case in Hurricane Florence’s Arrival: Automated Insurance Payouts

Ethereum (ETH), the largest altcoin concerning market cap seems to be on a long ride down, as the price of the smart contracts-focused crypto token has slumped considerably in the past few weeks. However, this has not deterred enthusiasts from exploring new horizons, as according to a report on Forbes, dated September 11, 2018, Ethereum’s blockchain could play a pivotal…

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ZhongAn: Insurtech Giant Believes in Blockchain’s Transformational Power

Category: Blockchain, Business, Finance, News, Tech

ZhongAn: Insurtech Giant Believes in Blockchain’s Transformational Power

ZhongAn’s technology officer believes that blockchain technology will have a “tremendous role” when it comes to transforming the insurance sector in China. “Insurance is backed by statistics and blockchain will help to connect that massive and varied data,” said Chen Wei, the head of technology at ZhongAn Online Property and Casualty Insurance, China’s largest online insurer. “It will be used…

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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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Smaller Blockchain Consortia are Paving the Way for Adoption in Financial Services

Category: Blockchain, Business

Smaller Blockchain Consortia are Paving the Way for Adoption in Financial Services

There is a lot of buzz surrounding blockchain implementation in the financial services industry due to the technology’s ability to reduce operational inefficiencies, streamline processes and safely store and transfer data. Several blockchain consortia have been formed in the last year to speed up the adoption of this new technology so that financial institutions can develop and test new blockchain-based…

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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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ZhongAn Technology Eyes Blockchain To Create New Fintech Ecosystem

Category: Business, News, Tech

ZhongAn Technology Eyes Blockchain To Create New Fintech Ecosystem

ZhongAn, China’s first online-only insurance service provider, have announced the launch of their ZhongAn Technology subsidiary. This daughter company focuses on exploring new and innovative technologies, ranging from the blockchain to artificial intelligence to big data and cloud computing. All of the new services will be rolled out on a blockchain-based cloud platform, called AnLink. The Chinese company has big…

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Allianz Blockchain Initiative Promises Huge Potential

Category: Business, News, Tech

Allianz Blockchain Initiative Promises Huge Potential

Aegon, Allianz, Munich Re, Swiss Re, and Zurich, some of the biggest insurers and reinsurers in Europe, have launched an initiative to adopt blockchain technology in the insurance industry. The project aims to use the blockchain to improve digital contracts and transactions. However, the pilot demonstrates that the missing privacy on a blockchain is not only a challenge just for…

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