Blockchain Technology to Be Applied to Insurance Contracts Next Year

By Business Korea

Global insurance giants are anticipating wide spread use of blockchain technology to actual insurance contracts starting from next year.

During the “Fourth Industrial Revolution and InsurTech Utilization” seminar held at the Korea Chamber of Commerce and Industry building in Jung-gu, Seoul, on June 28, Georgio Mosis, head of innovation Management at Reinsurance Group America (RGA) in Asia, said, “The global insurance blockchain consortium B3i is currently testing the application of blockchain technology to insurance. Blockchain powered solutions will be applied to actual insurance contracts and transactions next year.”

Read more here.

Tagged in: B3i, blockchain, insurtech

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