 | B3i |
| Summary | Blockchain Insurance Industry Initiative, Working prototype: Property Cat XOL contract |
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| Categories | Insurance |
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| Market status | Under development |
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| Types | Blockchain • Blockchain (Hyperledger) |
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| Status | Public, Private • Hyperledger (Public and Private: One shared Master Data ledger that contains commona nd agreed master data including public company information and common contract clauses; and another shared Communication ledger that is cryptographically secured and stores the communication used to consent on the state of the private organization ledgers) |
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| Action (Smart Contract)? | Yes |
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| Application | Insurance: multi-party transaction, smart contract, approvals, settlement, asset transfers |
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| Traits (blockchain) | a shared process, calculation, settlement and reporting on a distributed ledger |
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| Date/Timeline | Prototype testing completed October 2017; launched 2018 |
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| Notes | *more info on blockchain & smart contracts in the insurance industry can be found at "Insureblocks": https://www.insureblocks.com/ |
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| Source URL #1 | b3i.tech |
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| Links | |
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