IBM and ANZ combine efforts to develop insurance blockchain solution

Insurance Blockchain Solution - cryptocurrency

The Australia and New Zealand Banking Group intends to improve insurance industry efficiency. IBM has teamed up with the Australia and New Zealand Banking Group (ANZ) to create an insurance blockchain solution. Its purpose is to enhance insurance industry efficiency levels. Also involved in this partnership is Suncorp New Zealand, a financial services firm. The insurance blockchain solution is meant to make it possible for premium payments and data to transfer more easily between insurers and brokers. This could result in a more transparent and much faster process overall. The…

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