The first blockchain transaction for marine insurance has been delivered, according to Willis Towers Watson.
The global advisory, broking and solutions company was involved in the breakthrough, together with partiers XL Catlin, EY, MS Amlin, A.P. Møller-Maersk, ACORD and Microsoft.
It is expected that the blockchain technology will be used in other insurance sectors in due course.
http://www.royalgazette.com/re-insurance/article/20180607/blockchain-used-in-marine-insurance-sector
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