Insureblocks Blockchain & Smart Contracts In Insurance

Welcome to another episode of our News Flash series, where share the latest developments in the blockchain space, straight off the press. For today’s episode we are excited to present Ken Marke, CMO at B3i, the blockchain insurance industry initiative. Ken is joining us to reveal some exciting news about B3i’s new product and plans for the future.   B3i B3i, which we have introduced in a previous episode, began life in October 2016 when five insurers and reinsurers came together to see how blockchain can benefit the insurance industry. This led to a consortium which ten other members joined to test the viability of blockchain in solving problems for the insurance industry. Its first project was a prototype for a catastrophe excess of loss programme, which has been very successful. The next step was to establish B3i as a legal entity, domiciled in Zurich. Now, B3i is focused on expanding its product line and enabling partners to cooperate with them to offer more products and services on B3i’s platform, ther