China Pacific Insurance (CPIC) has invested in blockchain, the B3i initiative developed by the insurance and reinsurance industry. CPIC said the partnership will offer the company greater insight into B3i technology standards, protocol design and network building. The deal means that blockchain, which has already attracted investment from firms including Allianz, AXA, Liberty Mutual and Zurich Insurance, is now supported by 18 major industry investors.
China Pacific Insurance (CPIC) has invested in B3i, the blockchain initiative developed by the insurance and reinsurance industry. CPIC said the partnership will offer the company greater insight into blockchain technology standards, protocol design and network building. The deal means that B3i, which has already attracted investment from firms including Allianz, AXA, Liberty Mutual and Zurich Insurance, is now supported by 18 major industry investors.