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InsurWave Blockchain Platform – Technology & Other Details

insurwave blockchain platform used by Maersk

Insurwave is claimed to be world’s first marine insurance blockchain platform launched as a result of a joint venture by Ernst & Young (EY), GuardTime and insurance industry participants. This looks to be a permissioned blockchain platform requiring the member organizations (maritime companies, brokers, insurers, and reinsurers) to be authorized prior to becoming part of the Blockchain consortium. InsurWave Blockchain Platform is used to? The blockchain platform is used to achieve some of the following objectives: Store data related to assets Store data about identities, risk, and exposures Associate date to smart contracts Connects assets, transactions, and payments Integrate this information with insurance contracts. What’s the technology behind InsurWave? The following are some of the key aspects of the technology used …

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