China's 'First Web-Only Insurer' Launches Blockchain Research Efforts
A web-based insurance firm in China is investing in new blockchain product development, with an eye to build a services platform around the technology. Zhong An Online P&C Insurance Co. announced today that it was creating a new technology-focused subsidiary that will develop products and services in the areas of artificial intelligence, cloud computing and blockchain. The firm has been described in the media as China's first online-only insurance company. The new subsidiary will be building on progress that already exists today. Zhong An said that it is developing a platform for....
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