IBM and broker in proof-of-insurance first using blockchain

Insurance broker Marsh announced 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 process so that clients to speed up business functions such as hiring contractors. Marsh will work with IBM to extend its commercial proof of insurance blockchain solution to be directly accessible to Marsh clients through the Salesforce Platform.

A distributed ledger technology, blockchain establishes a shared, immutable record of all the transactions that take place within a network and then enables permissioned parties access to trusted data in real-time. Since proof-of-insurance is a key business requirement in many industries, this blockchain solution is actually the creation of a network of networks to provide verification on a much broader scale.

Read the full release

Related Posts

Previous Post
ESMA launches consultation on stress testing rules for money market funds
Next Post
Swiss crypto fintech raises CHF100mn to build regulated bank and securities dealer

Related Posts

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account