CULedger, a provider of blockchain-based technologies to help credit unions, has collaborated with IBM to use permissioned blockchain technologies to create an immutable audit trail that can be utilised to build new business models.

By creating a permissioned blockchain-based network, CULedger will make the identification authentication, regulatory compliance around KYC, lending and payments processes better and simple so that consumers can conduct any interactions requiring...

Insurance is one of the oldest industries, and can be seen as representing part of the growth of the modern business which has come to define societies all over the world. While insurance in a form we would recognise today began with the first insurance contract in 1347, methods for transferring and distributing risk in a monetary economy have been observed in China in the third millennia BC. One thing that has defined the insurance sector over thousands of years is its ability to adapt its...

Allianz Global Corporate & Speciality SE (AGCS), the corporate and speciality insurance unit of the German financial services company, has announced a successful trial of ‘captive’ insurance blockchain programme. Captive insurance is a complex area of commercial insurance, where multinational organisations self-insure rather than purchasing schemes from established providers. To do this, the companies create ‘captives’ or programmes that collect together selected assets or...