R3 Adds Life Insurance Firm AIA to Blockchain Consortium
Blockchain startup R3CEV has added Hong Kong-based life insurance group AIA to the ranks of its global banking consortium. The announcement comes at a time when R3 is increasing its presence in Asia as well as diversifying its portfolio of participating financial institutions, having added China-based Ping An Insurance Group to its consortium in late May. In statements, R3 CEO David Rutter echoed this sentiment in remarks, seeking to position the move as one that adds new stakeholders to its conversation. In addition to creating in-house technologies, such as the smart contract distributed....
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New York-based R3, the blockchain startup heading the prominent private banking blockchain consortium has now added Hong Kong-based life insurance group AIA. Blockchain startup R3 is continuing its foray to recruit Asian financial institutions with the addition of AIA Group, a Hong Kong-based life insurance group to its roster of global members. The AIA Group, the largest publicly listed independent pan-Asian life insurance group will collaborate with 50 of the world’s largest financial institutions, including banks, to develop blockchain-based commercial applications for the financial....
Former itBit client group director Antony Lewis has officially joined banking consortium R3. Announced today, the move will find Lewis taking the reins as director of the startup's lab and research center in Singapore. Lewis left itBit (now Paxos) in mid-2015 and has since served in consulting roles focused on blockchain, including a stint with 'Big Four' accounting firm Ernst & Young. Notably, the move comes amid a larger bid by R3 to bolster its presence in Asia amid an uptick in interest from enterprise firms. In recent months, R3 has seen Asia-based firms including Ping An and life....
The R3 blockchain consortium continues to attract attention in the financial world, as they have welcomed their first Chinese member in the form of Ping An Group. This partnership has nothing to do with the consortium seeking US$200m in additional funding, though. In a rather surprising turn of events, the R3 blockchain consortium added its first Chinese....
A blockchain technology consortium spearheaded by a global group of insurers has added several new members. The B3i project – short for the Blockchain Insurance Industry Initiative – was launched in October, an effort aimed at providing a way for insurers like Allianz and Swiss Re, among others, to swap information and collaboratively test prototypes and use cases. While some insurers have been testing blockchain independently, B3i offered the chance to conduct those experiments under one roof. Since launch, other insurers, including Liberty Mutual, Sompo Japan Nipponkoa and the....
MetLife Inc., one of the largest insurers in the world has joined the R3-led blockchain consortium that now counts 60 of the world’s largest financial institutions. Insurance giant MetLife is the latest financial institution to join the financial private blockchain consortium led by New York-based startup R3. MetLife will partner and interact with other R3 members in an effort to explore the potential application of blockchain technology in the insurance industry. Specifically, how distributed ledgers can streamline activities such as business processing, policy administration, customer....