Blockchain in Italy has managed to maneuver into an entrenched corporate environment, in startups and several fields such as Agrifood, finance and insurance. These sectors getting involved signifies productive ground for this nascent technology, that can be used to trace products in the supply chain and record transactions, Agenda Digitale reports.
Insurance industry businesses underwrite insurance policies relating to property, casualty, liability and other general risks. In the UK alone there are over 500 individual companies covering full spectrum of insurances from legal to personal property. In recent years’ whole industry is in steady growth, with prediction of annual climb at a compound rate of 3.2% in years 2016-2021. The UK insurance industry is worth around 55bn pounds in revenues and 4.2bn in profit annually. Yet in its report UK Department for International Trade doesn’t foresee any substantial growth in employment throughout the industry.
Coin Idol TV News channel is pleased to update our viewers on the latest news of blockchain and cryptocurrency industry as of April 24. The topics of the day are: South Korean cryptocurrency exchanges reveal self-regulation guidelines, Marsh and IBM partner to add proof of insurance on the blockchain technology, crypto coin traders protested in front of the Polish Ministry of Finance in Warsaw, Wikileaks Store states Coinbase has shut down its bitcoin account.
Kasko2go is launching the markets first blockchain-based auto insurance application. The swiss-based company use military grade AI tech and telematics to provide safe drivers with a decentralized app that accepts cryptocurrency payments for their car insurance.
A story of BITRUST started with a problem which gathered a team of blockchain enthusiasts to solve it — to have an affordable tool for hedging cryptocurrency trading transactions. And it is true, with the altcoins market volatility we have faced these few months it is obvious that everything is ready for such product to come about. In this blog we will tell in more detail about what BITRUST offers and why it is needed.
13 June, London, UK. Insurance blockchain startup InsureX has announced that it will open its crowd sale on 11 July at 14:00 UTC. InsureX is building the first blockchain-based marketplace to be used for the trade and management of insurance products.