Insurance industry makes blockchain application technology standards

On December 27, the formation of technical standards for the application of blockchain in the insurance industry was launched and a relevant white paper was released in a ceremony held in the Shanghai Insurance Exchange, marking the formal start of the standardization of blockchain technology in the insurance industry.

On December 27, the formation of technical standards for the application of blockchain in the insurance industry was launched and a relevant white paper was released in a ceremony held in the Shanghai Insurance Exchange, marking the formal start of the standardization of blockchain technology in the insurance industry.

Under the guidance of the China Banking and Insurance Regulatory Commission, Shanghai Insurance Exchange has worked with China Academy of Information and Communications Technology (CAICT) and insurance institutes to carry out the formulation of the technical standards for the application of blockchain in insurance industry.

Up to now, 109 industry organizations have participated in the formations.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/05/insurance-industry-makes-blockchain-application-technology-standards/.

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