InsurTech Futures: First blockchain platform for marine insurance launched

blockchain-technology

EY and Guardtime have launched what they claimed is the world’s first blockchain platform for the marine insurance sector.

The platform was launched in collaboration with Willis Towers Watson, A.P. Møller-Maersk, ACORD, Microsoft, MS Amlin and XL Catlin after a 20-week proof of concept.

EY stated that the blockchain platform — built on Microsoft Azure global cloud technology — will be implemented in a phased roll-out from 2018 onward.

The global blockchain platform aims to connect clients,

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