“In turn, this will increase business performance and global competitiveness.” In a reinsurance industry first, blockchain solutions company ChainThat has created the Bermuda Insurance Exchange (BIE), a distributed ledger technology-driven risk and capital exchange. BIE will allow brokers and reinsurance companies to access capital markets via blockchain. The BICE is an open source project that allows for interoperability between different types of financial instruments such as stocks, bonds, mutual funds, ETFs, etc. ChainThat is expected to launch a product trial of BIE in July 2019.
In a reinsurance industry first, blockchain solutions company ChainThat has created the Bermuda Insurance Exchange (BIE), a distributed ledger technology-driven risk and capital exchange. BIE will allow brokers and reinsurance companies to access capital markets via blockchain. The BICE is an open source project that allows for interoperability between different types of financial instruments such as stocks, bonds, mutual funds, ETFs, etc. ChainThat is expected to launch a product trial of BIE in July 2019.