Peer-to-peer insurance model is promoted with a fresh partnership

Insurance industry in China is one the fastest growing insurance markets in the world
14 February 2018   766

On February 13 iXledger of London has announced its partnership with the Chinese InsChain. As the Chinese insurance market is growing rapidly, it needs to ensure easy interaction and efficiency among many actors of the market. iXledger’s IXT token has proved to be a reliable way of microtransactions across blockchain enabled ecosystems.

As a result of this partnership iXledger’s utility token will be accepted on the InsChain platform for peer-to-peer services throughout Greater China Region.

This interoperability enables the creation of new insurance products and services, while enabling price discovery with total control and transparency.

 

Cristina Dolan

Co-Founder and President US, iXledger

 

We are excited to partner with iXledger, they understand the blockchain enabled Market Economy and have the technical experience required to build the next generation blockchain platforms that will power insurance related ecosystems. This partnership will enable consumers and businesses to participate in new insurance models like our InsChain peer-to-peer product

 

William Bu

InsChain CEO

iXledger provides a robust platform for buyng and selling insurance: the listings are real-time and are based on a blockchain. Ethereum blockchain is accompanied with a NoSQL database for fast access to different data such as medical records or other confidential information.

On the other hand, InsChain is an extendable blockchain-based alternative insurance full workflow platform that combines blockchain, IoT and AI. AI part is responsible for the initial interaction with the client in order to obtain all the necessary information, build a decision tree and provide the result on the conditions of the possible insurance.

Sparkpool to Freeze $300k Reward

As reported, pool suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund
20 February 2019   68

The Sparkpool mining pool decided to freeze the remuneration in the amount of 2,103,1485 for the extraction of block # 7,238,290. The management of the organization suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund, CoinDesk reports.

The head of the Sparkpool Xin Xu argues that users of the pool understand and agree with the decision, given the size of the amount involved.

Unfortunately, and fortunately, blockchain is so far not completely run by machines; human are still involved. So we have an opportunity to correct the problem. Integrity is our pool’s priority.
 

Xin Xu

CEO, Sparkpool

While some users suggested that a large commission was paid by mistake, others admitted that this could be a goodwill gesture from an anonymous donor to the community of the miner or even an attempt to launder money through the blockchain cryptocurrency.