Blockchain Insurance Industry Initiative (B3i) announced Corda, decentralized platform of the consortium of R3, the official environment for their future projects. It is known that the insurance group will work with Corda to create a blockchain system secondary insurance, and also to optimize workflow by migrating the documentation on smart contracts.
As stated in the press release, B3i, after extensive market analysis the organization came to the conclusion that “the Corda platform represents the best blockchain is the solution that will provide a solid Foundation B3i for more efficient work on the business value of our customers.”
The document stresses that Corda is based on technologies and standards, tested and approved by the industry. In this regard, it is expected that customers B3i will conduct a full integration nodes Corda.
Technical Director of R3 Richard brown (Richard Brown) shared his thoughts on the collaboration with B3i:
“We are very pleased that B3i Corda selected as the preferred platform, and our engineers look forward to work together with excellent specialists B3i together to provide innovative solutions in the market.”
R3 Corda launched in October last year. In addition to working with commercial blockchains, the company manages a private consortium, which includes Alfa-Bank, SBI Bank LLC, Den Norske Bank, Raiffeisen Bank International and others.
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