B3i plans October road test of blockchain platform

B3i, the insurance industry blockchain initiative, will next month
start testing out technology to move a reinsurance contract online
from cedent to reinsurer, a development that may permit cutting
administrative costs by a third.
In a demonstration at the Swiss Re pavilion in Monte Carlo, B3i
showed how the technology can be deployed in the context of an
excess of loss (XoL) property/catastrophe reinsurance contract.
B3i said in a statement: "The platform uses state-of-the-art
distributed ledge