IBM is waiting to see if a blockchain project aimed at insurance companies, developed in partnership with Amritsar-based Cateina Technologies, will be granted regulatory approval in India. The company has been working on the project, which aims to create an open source platform for insurers and other financial institutions that would allow them to track assets across multiple jurisdictions.
IBM is waiting to see if a blockchain project aimed at insurance companies, developed in partnership with Amritsar-based Cateina Technologies, will be granted regulatory approval in India. The companies successfully tested a system in which blockchain technology allowed insurance companies to easily share medical records, while also reducing instances of duplication.