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   1211

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.

Steem to Launch New Blockchain Without Justin Sun

The "blockchain for blogers" will migrate to the hive.io because of the conflict with new Steemit owner Justin Sun
18 March 2020   293

On Friday, members of the Steem community intend to move to the new blockchain under the project name “Hive,” CoinDesk reported.

The new network will receive information on the balances of all STEEM holders, however, the initial issue of tokens will not be transferred to the Steemit blogging platform. These tokens became available to TRON CEO Justin Sun after he acquired Steemit in mid-February and became the source of a power struggle between him and the wider community.

My own opinion, Justin Sun thought this was a voting war. He didn't understand that the underlying value of those tokens is the community. In the end, if not enough people support those tokens, they become worthless.

 

Dan Notestein

Blocktrades founder

Other decentralized applications will be able to run smoothly on the new network, since all the data they need will be copied from the initial blockchain. According to Notestein, many developers, with the exception of the hostile Steemit, expressed their willingness to support the initiative.

He expects that after the fork, STEEM will fall in price: now users keep them in the hope of getting tokens of a new network, but will sell it after a snapshot of the blockchain is taken. Notestein himself owns a large stake in STEEM and also plans to get rid of it. He claims that at least one exchange will list a new token. In addition, he intends to open a separate exchange for the Steem community.