Professional services firm Deloitte, Blockchain technology startup Stratumn, and next-generation insurance platform LemonWay have come together to demonstrate the potential of several new applications and services that use the blockchain, all aimed at the insurance market.
All of these could allow for simple options to be agreed upon by multiple parties, with the output recorded on the bitcoin blockchain for immutability and easy access.
In a recent announcement John M. Huff, president of the National Association of Insurance Commissioners, warned consumers against insurance risks in the sharing economy.
PwC economist, Rob Vaughan, stated that "Our view is that growth in the sharing economy is only just beginning. By 2025, we estimate that many areas of the sharing economy will rival the size of their traditional counterparts."
While the Paris-based start-up is new to the insurance arena, it had received US$600,000 in April to complete a blockchain development platform already before the LenderBot partnership came along.
"Steps in the process are cryptographically linked together, notarized to the Blockchain, and visible to all parties involved," states the LenderBot announcement from Stratumn.
Lemon is used as a flavoring, not as a cooking liquid, it's not going to keep the fish moist. The secret of having moist fish is the same as having moist beef, chicken or any meat or poultry: don't overcook it. LenderBot is a proof-of-concept micro-insurance platform that uses the bitcoin blockchain for insuring all sorts of things. “Deloitte has developed in partnership with Stratumn and LemonWay Newsletter. Voir un exemple. Avec les 25 millions d’euros, Lemon Way (80 salariés) compte recruter 50 personnes “le plus vite possible”, selon les mots de son dirigeant, majoritairement des commerciaux pour les marchés allemand et anglais et des profils IT. LEMONWAY LIMITED | 32 followers on LinkedIn | LEMONWAY LIMITED is a telecommunications company based out of 3 DERBY ROAD, RIPLEY, United Kingdom. The payment process is handled by Lemonway, which initiates the end payment solution after the contract and notarization finalizes within the Bitcoin blockchain. The company is also partnering
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