Professional services firm Deloitte, Blockchain technology startup Stratumn, and next-generation insurance platform LemonWay have come together to demonstrate the potential of several new applications and services that use the blockchain, all aimed at the insurance market.
All of these could allow for simple options to be agreed upon by multiple parties, with the output recorded on the bitcoin blockchain for immutability and easy access.
In a recent announcement John M. Huff, president of the National Association of Insurance Commissioners, warned consumers against insurance risks in the sharing economy.
PwC economist, Rob Vaughan, stated that "Our view is that growth in the sharing economy is only just beginning. By 2025, we estimate that many areas of the sharing economy will rival the size of their traditional counterparts."
While the Paris-based start-up is new to the insurance arena, it had received US$600,000 in April to complete a blockchain development platform already before the LenderBot partnership came along.
"Steps in the process are cryptographically linked together, notarized to the Blockchain, and visible to all parties involved," states the LenderBot announcement from Stratumn.
Lemonway, die paneuropäische Zahlungslösung für Online-Marktplätze, hat heute eine Partnerschaft mit Ripple, der Enterprise-Blockchain-Lösung für globale Zahlungen, angekündigt, um ... Marketplace businesses are expanding access to new global customers and consumer access to new products—allowing sellers to grow their business faster than ev Lemon Way, a Paris-based payment processor for e-commerce marketplaces, has secured a EUR25 million funding from Toscafund Asset Administration. Based [ October 6, 2020 ] Ripple Surges Ahead, Targets $0.30 High Ripple [ October 6, 2020 ] Litecoin, Zcash, Synthetix Price Analysis: 06 October Litecoin [ October 6, 2020 ] Google’s Former Head of HR on Why the Coinbase CEO Is Wrong to Expect a Politics-Free Workplace This week, the French tokenization startup Blockpulse received registration from the ACPR Bank of France. The regulatory approval allows Blockpulse to move forward with its tokenization platform. Importantly, the registration makes Blockpulse the first STO platform to achieve registration from French financial regulators. Now, French investors have access to all the benefits provided by ...
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