Major (re)insurers to explore blockchain for insurance

Major industry players Aegon, Allianz, Munich Re, Swiss Re and
Zurich have launched an initiative to explore the potential use of
blockchain technology in insurance.
The so-called Blockchain Insurance Industry Initiative, or B3i
programme, will examine the applicability of distributed ledgers
for issues including reconciliation of contracts, back office
efficiencies and improving audit processes.
In a statement released today, Munich Re said the technology
required a cooperative approach to achi