Insurance Giant Allianz Is Working on a Token-Based Blockchain Ecosystem

German financial services giant Allianz Global Corporate & Specialty SE (AGCS) is developing a blockchain-based ecosystem to facilitate cross-border insurance payments for its corporate customers. Experimentations with blockchain technology Allianz is working on a token-based blockchain system, expecting it to streamline international insurance payments for its corporate customers, Forbes reported on Aug. 8. An Allianz…

Supreme Court judge: “Peru Should Introduce Cryptocurrency Regulations In The Country”

In the past decade, most governments and financial authorities have not taken any steps towards cryptocurrency regulation in their respective jurisdictions. This in turn is causing a menace as cryptocurrencies are used for money laundering and financing other illegal activities. However, since the boom in 2017, countries have taken a more pro-active approach in regulating the field while some,…

HashCash unveils blockchain gaming platform for the UK market

California-based HashCash Consultants LLC, a blockchain distributed ledger consulting company, announced today that the company will bring its blockchain-based gaming platform into the United Kingdom video game market. The platform provides a blockchain system that enables video game developers to issue trustworthy digital currencies and track in-game items within a secure ecosystem. This makes it…

Real estate title insurance blockchain launched by First American

Real estate title insurance blockchain launched by First American

Yesterday First American Financial announced the launch of a blockchain system for the real estate title production process. It’s common for title insurance underwriters to share policy information between themselves. The new platform aims to enable the exchange of previous title insurance policies between underwriters that are participating in the system. First American is one…

South Korea launches new trade bill and electoral blockchain

South Korea launches new trade bill and electoral blockchain

Seoul launches crypto-friendly bill trade bill that provides definition of ‘online money’ while government also works on a blockchain voting system. Lawmakers in South Korea are reportedly introducing a crypto-friendly bill that will promote trading and exchange development while the government is working on a blockchain platform for voters. The bill proposes the establishment of…

Startup introduces blockchain-based property transaction platform

Startup introduces blockchain-based property transaction platform

A Philadelphia-based startup, Kognition, has launched what it has dubbed as the “world’s first open network and open economy for smart property” to create a real-time stream of opportunities to generate revenue, reduce risk, optimize performance and drive ROI. The blockchain-based effort is called Koin. Koin is designed to facilitate a “synergistic” relationship between smart…