Insurance blockchain consortia unveil education initiatives

The Blockchain Insurance Industry Initiative (B3i) recently announced a new community program focused on learning and collaboration. Yesterday the other major insurance consortium, the RiskBlock Alliance unveiled its first online training program.

B3i’s community initiative

B3i is currently doing a funding round, but some companies will want to get involved without being a shareholder. Several ‘early mover’ companies will become customers when the first offering goes into pilot at the end of the year. The initial product is a Catastrophe Excess of Loss reinsurance contract. Additionally, partners will want to build on top of B3i’s platform, but that facility will only be available next year. So there’s unmet pent-up demand. To meet that need B3i unveiled a Community member initiative. A big part of the program is education about blockchain but also about B3i’s activities and the Corda platform which B3i chose as its blockchain technology.

Article continues …

---