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Blockchain powers IBM and Standard Chartered Insurance Policy Pilot


The “first” multinational, intelligent contract-based insurance policy with blockchain

The American International Group (AIG), IBM and Standard Chartered have tested the “first” multinational, intelligent contract-based insurance policy using blockchain.

The trio converted a controlled master policy written in the UK and three local policies in the US, Singapore and Kenya into a smart contract that provides a shared, real-time view of policy data and documentation.

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