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   1030

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.

ETH Foundation to be Sponsor of UNICEF Crypto Fund

The first contributions to the UNICEF Cryptocurrency Fund will come from the Ethereum Foundation; it will be used for kids OS projects
10 October 2019   425

The United Nations Children's Fund (UNICEF) has established a cryptocurrency fund to accept donations in bitcoins and Ethereum.

Digital assets will finance open source technologies for children and youth around the world.

UNICEF became the first organization in the UN that transacts in cryptocurrency, the fund said in a press release.

This is a new and exciting venture for UNICEF. If digital economies and currencies have the potential to shape the lives of coming generations, it is important that we explore the opportunities they offer. That’s why the creation of our Cryptocurrency Fund is a significant and welcome step forward in humanitarian and development work.
 

Henrietta Fore

Executive Director, UNICEF

The first contributions to the UNICEF Cryptocurrency Fund will come from the Ethereum Foundation through the French branch of the children's fund, which previously began to accept donations in nine cryptocurrencies.

Digital assets will be directed to finance three grantees of the UNICEF Innovation Fund. These are startups Prescrypto, Atix Labs and Utopixar, working in the areas of “tracking recipes, selecting investors and those who need financing, as well as public tokens and business relations”. GIGA will also receive funds from the cryptocurrency fund for connecting schools around the world to the Internet.