InsurTech Futures: Simply Business hosts blockchain hackathon
Winning team developed weather insurance platform for organisers of major outdoor events.
Simply Business has hosted a blockchain-themed hackathon to explore the opportunities that blockchain presents to the insurance industry and determine the scale of future disruption that could come from the fintech sector.
The digital broker named Coders Without Insurers as the winning team, stating that the team used blockchain platform Ethereum to develop a weather insurance platform for organisers of major outdoor events such as festivals, with automated claims payouts based on weather APIs
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