IBM Blockchain general manager Marie Wieck commented, There is tremendous opportunity to apply advancements in blockchain technology to transform the insurance industry.
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By creating a process by which we can arrange multinational insurance contracts through blockchain we not only have transaction security but contract certainty across multiple business locations.Need some natural things to save me from the 6 stories of fluorescent lighting.These three jurisdictions were selected because the US is a large and complex market, Singapore is a growth market for Standard melding rommet sex Chartered and Kenya has a particular regulatory requirement, called cash before cover, which means that cover must be paid for before it is valid.Created by IBM, the pilot solution is based on Hyperledger Fabric a blockchain framework and one of the Hyperledger projects hosted by The Linux Foundation.Terranium Ideas, best Terrarium Plants, beautiful DIY home decor idea.We chose these three territories because of their importance to Standard Chartered and also because of their regulatory complexity, so that we could fully test how blockchain technology might make these contracts work more efficiently, said Emily Jenner, head of Insurable Operational Risk at Standard.As a global bank we have to ensure consistent, trustworthy and secure financial transactions, be that as part of our business or as customers ourselves, said Standard Chartereds Jenner.Coordinating placement and management of various insurance policies across multiple countries is highly complex.

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