Wood founder Tim Campbell has teamed up with Insurer Moorhouse Group's winner Lyndon Wood to create a blockchain-backed insurtech provider called Blockrox . The company will help insurance carriers deploy blockchain technology to boost security and to keep costs down. Blockrox is also hoping to speed up transactions and aims to be a "major player" in insurtech, according to BBC Apprentice . Wood said: "The insurance industry is very archaic and full of conflicts of interest. The firm is now looking to raise capital for a pilot.
Wood founder Tim Campbell has teamed up with Insurer Moorhouse Group's winner Lyndon Wood to create a blockchain-backed insurtech provider called Blockrox . The company will help insurance carriers deploy blockchain technology to boost security and to keep costs down. Blockrox is also hoping to speed up transactions and aims to be a "major player" in insurtech, according to BBC Apprentice . The firm is now looking to raise capital for a pilot.