Insurance blockchain alliance RiskBlock has officially confirmed switching their core blockchain technology from Ethereum to R3’s Corda. Ledger Insights first wrote about the rumored change several weeks back with
large parts of the insurance industry now using the same technology.
Ledger Insights asked Christopher McDaniel, Director of The Institutes RiskBlock Alliance, about the reasons for the switch.
He said: “RiskBlock is focused on the cross-sector global needs of our insurance industry members. To that end, public blockchains such as Ethereum and Hyperledger just do not have the enterprise capabilities built in, that our members demand. Corda is one of the few platforms that was built from the ground up as enterprise focused.”
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