The insurance company SOMPO Japan announced it’s working on a blockchain trial to process mobility insurance claims such as train delays automatically. The firm is working with SOMPO Holdings, mapping firm Navitime and blockchain technology startup LayerX.
SOMPO views the experiment as part of Mobility as a Service (MaaS). We thought this was an auto insurance claim test, but the initial trial is for train delays. For 30 days starting tomorrow, if the departure time of a train on three lines is delayed, a payment will automatically be made to the customer with a digital coupon.
“In order to respond flexibly to changes, we will create new valuable customer experiences and create valuable products and services through co-creation with various partners and the use of cutting-edge digital technology,” said Satoshi Ando, Deputy General Manager, Deputy General Manager at SOMPO Japan.
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