Nationwide, among the top 10 insurers in the U.S., was one of the founding members of
The Institutes RiskBlock Alliance, the global blockchain consortium with more than thirty insurance members. With the proliferation of alliances across many industries, an important question is how to build an effective and productive consortium.
While the idea of collaborating with competitors may seem daunting, the reality is often less of a challenge.
“I have been really impressed by the ability of the organizations that have participated to be transparent and work together in this consortium model,” said Michael Fulton, Associate VP of Technology Innovation at Nationwide. He also credited RiskBlock’s ability to facilitate the conversation in a productive fashion.
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