IBM Partners With Insurance Company

IBM is collaborating with Marsh, ACORD and ISN in order to bring commercial blockchain solution for proof of insurance
17 April 2018   508

According to the Business Wire report from April 16, IBM is collaborating with Marsh and other companies including ACORD and ISN in order to bring commercial blockchain solution for proof of insurance. Marsh is a company which provides industry-focused consulting, brokerage, and claims advocacy services, and leverage data, technology, and analytics aiming to reduce the clients’ total cost of risk.

Marsh is built on the Hyperledger Fabric technology and IBM Blockchain, and it will develop the commercial proof of insurance solution "in conjunction with IBM, with input from ACORD, and customer feedback from ISN".

Marsh sees great opportunity in leveraging blockchain technology to better serve our clients by maximizing efficiency and creating new opportunities in the insurance value chain. We believe strategic engagements such as this one with IBM, ACORD, and ISN will help accelerate the adoption of further blockchain applications benefiting our clients across industries.
 

Sastry Durvasula

Chief Digital Officer, Marsh

Sandip Patel, general manager of insurance industry at IBM, stated that IBM is aiming to connect emerging blockchain networks to facilitate the next generation economy, and they find collaboration with Marsh an ideal example of how blockchain can be used on a broader scale to drive real business results.

Monex to Open Exchange Under Coincheck Brand in USA

"New old" cryptocurrency trading platform will be focused on institutional investors; opening is planed in 2019
13 December 2018   16

Japanese online broker Monex Group Inc. announced the launch of a cryptocurrency trading platform focused on institutional investors. The new platform should start work in 2019 under the brand of Coincheck, Finance Magnates reports.

A license to provide services in all US states Monex hopes to get within a year. As the president of Monex TradeStation, John Bartleman, said, Bitcoin, Bitcoin Cash, Litecoin, Ethereum and, possibly, XRP will be available on the platform.

In April, Monex acquired Coincheck, the victim of a hack, for $ 33.6 million. After the purchase, Monex representatives said that the cryptocurrency business plays a key role in the company's further development. The fact that Monex intends to expand its business to the US market became known in May.

It is noteworthy that earlier this month, Monex Group Inc. became one of the investors of the American stock exchange cryptocurrency derivatives ErisX. According to John Bartleman, ErisX will also serve institutional investors in the United States after regulatory approval