AIG Issues First Insurance Policy Based on Blockchain Technology by sergey44

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crypto · @sergey44 · Jun 20 '17

$6.64

AIG Issues First Insurance Policy Based on Blockchain Technology

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<p><img src="https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9mZDE2ZjUwZDEzOTY2MWJhOGQyNjYwMGMxZDYwNmY3Zi5qcGVn.jpg" width="725" height="482"/>American International Group, also known as AIG, has recently announced its issuance of Blockchain-based insurance policy. The insurance giant pilots the first multinational smart contract-based insurance policy using Blockchain in partnership with Standard Chartered Bank and IBM.With the aid of Blockchain technology, it will help speed up the processes for both the insurance provider and its customers. Not only will it makes the process faster but also cheaper because a lot of time consuming steps will be shaved off from the process.</p>
<p>AIG has also partnered with Standard Chartered and IBM in this venture. However, Standard Chartered has not divulged any information on the policy yet. With the issuance of this new insurance policy, it is possible that many insurance companies are likely to follow.http://cointelegraph.us3.list-manage.com/track/click?u=2c088712615955cd2f82aa968&amp;id=a7b2a3a701&amp;e=140f57b3eb</p>
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👍 bobbylee, kendewitt, magicmonk, loganarchy, dylanhobalart, arconite, funkywanderer, jonathanxvi, taraamin77, sarita, floridanow, benjamin.still, paulc, michaellamden68, sergey44, birrulibmc, ubg, yasiin, shauna27, loooping

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@blakeh · Jun 20 '17

$0.52

Too bad it doesn't benefit us in any way!

👍 kendewitt

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@kendewitt · Jun 20 '17

Private blockchain? They'll be eaten alive when thousands of small insurance companies start issuing insurance on public blockchains.

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@nezaigor · Jun 20 '17

Thank you for your good post. The world is beautiful. I want to know about all the corners of our planet and everything that happens on it. Who owns the information is that strong.

👍 sergey44

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