Chinese E-Insurance Company, Partners With Ethereum for Blockchain Insurance Platform

Chinese E-Insurance Company, Partners With Ethereum for Blockchain Insurance Platform

Zhong An, China’s first online insurance company, has established Zhong An Technology to conduct research and development on artificial intelligence, Blockchain and cloud computing. Their focus is on implementing Blockchains into their online insurance platform and to be an innovator in the healthcare and finance sectors. Xing Jiang, CTO of ZhongAn said: "With the creation of ZhongAn Technology, we are developing a new FinTech ecosystem, integrating technological research with financial innovation. We aim to be an accelerator for both the finance and healthcare sectors.” The....


Related News

Inchain Holds ICO for Decentralized Insurance Platform

Decentralized insurance platform Inchain launched its ICO on October 21, 2016, and will run it until November 24. The company has encouraged investors to participate in the ICO, calling it a “unique opportunity” to invest in a first-of-its-kind insurance solution for cryptocurrency service providers. Inchain: Decentralized, Ethereum-Powered Insurance. The company expects its decentralized to be welcomed by cryptocurrency platform operators and wallet providers, who have suffered numerous hacks over the years. “Nobody is happy if there is a possibility that [their] funds can be stolen.”....

It Is Time for the English Insurance Sector to Adopt Blockchain Tech

The blockchain technology has now entered the insurance sector, making it possible for the insurance companies to offer policies to suit the customers' needs. The use of blockchain technology in insurance sector is something relatively new. London, the fintech destination of Europe is the first one to explore the potential uses of distributed technology in the insurance industry. The Capital of England already has a couple of companies who have already implemented it into their offerings. The blockchain is known for its transparency, security, immutability and reliability. All the....

China’s First Online Insurance Firm Starts Blockchain R&D

China’s first online insurance company ZhongAn has officially announced its ZhongAn IT Services subsidiary. The newly founded startup will use ZhongAn and its external partners to research and develop artificial intelligence (AI), blockchain, cloud computing, and data-driven technologies. China’s First Online Insurance Firm Initiates the ‘ABCD Plan’.....

Nasdaq-Listed Metromile Invests $1 Million in Bitcoin — Sees Rapid Growth in ...

The Nasdaq-listed auto insurance company Metromile has purchased $1 million in bitcoin. The company plans to “become the first insurance company to allow policyholders the option to pay for insurance and receive payment for eligible claims in either bitcoin or dollars.” Auto Insurance Platform Adds Bitcoin to Balance Sheet The Nasdaq-listed insurance company Metromile Inc. disclosed its bitcoin purchase in a filing with the U.S. Securities and Exchange Commission (SEC) dated Aug. 10. Metromile is a digital insurance platform and pay-per-mile auto insurer. The filing states: In....

Canadian Insurance Giant Manulife to Test Ethereum Blockchain

Manulife announces its plan to implement blockchain technology at its US arm for wealth management operations. Manulife, a Canadian insurance service provider, has recently announced that it will be exploring the blockchain technology for its wealth management services. The company will be implementing the blockchain technology into its US business arm. In order to do that, Manulife Financial has struck a deal with ConsenSys, the Ethereum blockchain tools, and Dapps studio and BlockApps to implement the blockchain technology for its operations. The collaboration was announced to the press....