Blockchain Consortia
IBM Blockchain - Insurance
Name of Association/Consortium
IBM Blockchain - Insurance
Website and Maturity
https://www.ibm.com/blockchain/industries/insurance
Website Maturity: Mature
Focus
- Technology Platform
Functional Area
- AI
- Blockchain Technology
- IoT
Industries
- Insurance
Legal Entity Type
- Other/Unknown
Region
- Region - Global
Charter/other text describing objectives
Technological disruption has come to insurance — and the smart risk management strategy is to embrace it. IBM Blockchain is helping the insurance industry radically transform operations with faster verifiable data exchanges, visibility for all parties, and transactions underpinned with pervasive security and trust.
One example of this transformation is openIDL, a network built on the IBM Blockchain Platform with the American Association of Insurance Services (AAIS). They’re automating insurance regulatory reporting and streamlining compliance requirements, and that’s improving efficiency and accuracy for both insurers and state insurance departments.
Member companies
N/A