Insurance Ratings Bureau Trialing IBM Blockchain
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CoinDesk reports:
Quote:The American Association of Insurance Services (AAIS) is turning to the IBM Blockchain platform to support a new automated insurance reporting tool, the organization announced Wednesday.

Built on IBM Blockchain using Hyperledger Fabric, the open Insurance Data Link (openIDL) system is aimed to simplify regulatory reporting by allowing insurance carriers to store data on a permissioned blockchain for regulators to view on an as-needed basis, a press release says.

Why did they pick Hyperledger Fabric?
Quote:"Hyperledger Fabric's support for private and confidential transactions allows insurers to share data with the network, knowing that they own their data and have control over who has access to it," said IBM Global Insurance Industry global manager Sandip Patel.
Source: https://www.coindesk.com/insurance-ratin...reporting/
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