oracle blockchain supply chain FTSE / NASDAQ NEWS 

Software Giant Oracle Rolls Out Blockchain Supply Chain Apps Using Hyperledger

One of the world’s biggest software companies, Oracle has released four new blockchain supply chain apps based on Hyperledger Fabric technology, designed to reduce the barriers for businesses to adopt blockchain technology. Integrating nascent technologies such as the Internet of Things (IoT) and artificial intelligence (AI) with blockchain, Oracle aims to provide increased transparency and improved traceability to supply chain management systems. The new business-ready product entitled ‘Oracle Blockchain Applications Cloud’ provides a suite of applications (apps) that intend to make it easy for businesses to integrate blockchain supply chain systems.  Oracle’s Senior…

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FTSE / NASDAQ NEWS 

UK’s Biggest Port Operator Exploring Blockchain Shipping Solutions Across 21 Ports

UK’s biggest port operator, Associated British Ports begins exploring blockchain shipping solutions across its 21 UK ports, in partnership with logistics software service provider Marine Transport International (MTI). ABP, which carries out 25 percent of the cargo shipments in Great Britain, have signed a Memorandum of Understanding (MoU) with MTI to pilot shipments using blockchain technology.  Commercial Director at ABP, Jens Skibsted Nielsen stated: “We handle almost 100 million tons of cargo across all sectors every year, so we are a significant gateway for our customers’ supply chains,” According to a report by the…

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Insurance blockchain consortium FTSE / NASDAQ NEWS 

Enterprise Giants Accenture and EY Join Insurance Blockchain Consortium RiskBlock

Insurance blockchain consortium RiskBlock appears to be getting set to launch a number of major trials, with it’s recent announcements on bringing enterprise giants Accenture and Ernst & Young (EY) on-board. The RiskBlock Alliance was launched in July of 2017 by The Institute, the world’s leading not-for-profit provider of education and research for risk management and insurance. To date, it has brought 30 global insurers, reinsurers and brokers together as members of the consortium, with the aim of utilising blockchain technology to streamline processes, reducing industry and consumer costs, whilst improving safety…

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blockchain insurance data platform NEWS REGULATORS 

Major US Insurance Advisory AAIS and IBM Pilot Blockchain Insurance Data Platform

One of only two major ‘rating bureaus’ in the US, the American Association of Insurance Services (AAIS), has partnered with IBM to launch a blockchain insurance data platform. Entitled Insurance Data Link (openIDL), it aims to simplify regulatory reporting for insurance carriers, which currently requires time-consuming data calls across various parties. Several major US insurers are being on-boarded, and AAIS is reported to be targeting carriers and organisations of “every size and configuration”.

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World Economic Forum awards blockchain startup Everledger INFLUENCERS NEWS 

World Economic Forum Awards Blockchain Startup Everledger as Technology Pioneer 2018

World Economic Forum awards blockchain provenance platform ‘Everledger’ as Technology Pioneer for 2018. Everledger is best known for tracking diamonds, and currently has over 2 million diamonds cryptographically-certified on the blockchain. By employing its solution to track the provenance of high-value assets and luxury goods, it aims to provide an immutable history of an asset’s authenticity, existence and ownership. Working with insurance and governing bodies, it aims to disrupt fraud, money laundering and the global counterfeit goods market, valued at over US $460 billion a year.

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blockchain shipping EY Maersk FTSE / NASDAQ NEWS 

EY Launch Blockchain Insurance for the Shipping Industry with Maersk Onboard

In a major group development, Ernst and Young goes live with Maersk on it’s blockchain insurance platform ‘Insurwave’ for the global shipping industry, which utilises Microsoft’s Azure cloud platform and R3’s open-source Corda. Using distributed ledger technology it streamlines and automates insurance transactions. The group expects Insurwave to execute over half a million automated blockchain transactions in its first year of commercial use, helping to manage risk for more than 1,000 vessels.

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Blockchain for the Insurance Industry FTSE / NASDAQ NEWS 

Building Blockchain for the Insurance Industry with IBM and Marsh

One of the worlds largest insurance brokers, Marsh are working with IBM to be the first to launch a commercial ‘proof of insurance’ solution, a key business requirement in many industries. Working with support from the insurance industry standards-setting body ACORD, and piloting the scheme over ISN’s netwoirk of 65,000 contractors and suppliers. Built on Hyperledger Fabric, the blockchain solution is set to transform the ‘Certificate of Insurance’ process.

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