Insurance Trade Group Launches Blockchain Research Effort
An insurance and reinsurance industry trade organization headquartered in the UK is launching a new blockchain research project. The London Market Group has announced that it will investigate the use of smart contracts and blockchain for potential applications in the wholesale insurance market. Members of the trade organization include representatives from major firms like Allianz, AIG and Lloyd’s. The organization is working with research outfit Z/Yen on the initiative, which according to statements seeks “to create a common view of the potential benefits that smart contracts could....
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