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B3i launches working reinsurance Blockchain prototype
The group of fifteen global insurers and reinsurers participating in the B3i initiative has been working on a joint distributed ledger for reinsurance transactions driven by blockchain technology.
In a much anticipated move, the group for the first time publically showcased a fully functional beta-version of its integrated blockchain solution for the re/insurance industry at the 61st Monte Carlo RVS conference. Details of its vision, an industry business case and planned next steps were also shared.
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