15 Major Insurance Providers Join Forces To Use Blockchain For Sharing Medical Records! – Track.in

By Mohul Ghosh    January 10, 2018

In a major initiatives, 15 big insurance providers have decided to join their forces, and use blockchain for sharing medical records of insurers, and to enable fast approval or denial decisions.

After banking and e Governance, it is the turn of insurance to adopt blockchain, and embrace its stunning features for seamless, error-free operations.

In a major initiatives, 15 big insurance providers have decided to join their forces, and use blockchain for sharing medical records of insurers, and to enable fast approval or denial decisions.

This also means less expenditure for insurers, as one medical examination would be now enough for all insurance providers.

Let’s talk about some magic here!

Blockchain For Insurance in India Starts

15 major insurance providers, which includes ICICI Prudential Life, HDFC Life and SBI Life Insurance have teamed up with IBM and Cateina Technologies, which is a provider of blockchain based automation process, for using blockchain in the insurance sector.

More at: 15 Major Insurance Providers Join Forces To Use Blockchain For Sharing Medical Records! – Trak.in

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UPS Steers Into Blockchain Trucking Alliance – Nasdaq.com

By Michael Scott, Distributed    November 20, 2017

TruckingUPS

Since the concept of blockchain technology was first released in 2009 as the technology fabric supporting Bitcoin, numerous applications have been continually built on top of the infrastructure. The blockchain’s wide adoption as an alternative application for legacy financial systems has fueled proposed uses in numerous other industries, among them healthcare and manufacturing.

Now heightened interest around blockchain technology is emerging in the transportation industry. There has been a recent announcement that the global package delivery company United Parcel Service (UPS) has joined the Blockchain in Trucking Alliance (BiTA). UPS and Coyote Logistics – the latter a technology-driven, non-asset based truckload freight brokerage company that UPS acquired in 2015 – are a part of over 300 companies that have applied for membership to BiTA.

According to BiTA’s website, the organization’s mission is to foster “a forum for the promotion, education, and the encouragement to develop and adopt blockchain application standards in the trucking, transportation, and logistics industries.” BiTA asserts that blockchain offers the opportunity for greater clarity, transparency and trust within the supply chain space, noting that without a common set of cross industry standards, those barriers will continue to exist.

More at: UPS Steers Into Blockchain Trucking Alliance – Nasdaq.com

Start-up R3 has more than 50 firms using its blockchain platform, including Microsoft and Intel – CNBC via Yahoo! Finance

By Ryan Browne, CNBC    November 13, 2017

Start-up R3 has more than 50 firms using its blockchain platform, including Microsoft and Intel

R3, a financial technology company, said Monday that dozens of firms are engaging with its open source distributed database network Corda.

Start-up R3 now has more than 50 companies, including the likes of Microsoft and Intel , actively using its blockchain platform.

The financial technology (fintech) company said Monday that dozens of firms are engaging with its open source distributed database network Corda.

Blockchain, one of the fastest growing technologies around, is seeing increasing interest from big tech and financial multinationals alike.

More at: Start-up R3 has more than 50 firms using its blockchain platform, including Microsoft and Intel – CNBC via Yahoo! Finance

Consortium of energy companies including BP, Royal Dutch Shell to develop a blockchain-based digital platform – FirstPost Tech

Reuters    November 6, 2017

A consortium including energy companies BP and Royal Dutch Shell will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018, the group said on 6 November.

The logo of BP is seen at a petrol station in Kloten. Reuters

Other members of the consortium include Norwegian oil firm Statoil, trading houses Gunvor, Koch Supply & Trading, and Mercuria, and banks ABN Amro, ING and Societe Generale. Blockchain technology, which first emerged as the architecture underpinning cryptocurrency bitcoin, uses a shared database that updates itself in real-time and can process and settle transactions in minutes using computer algorithms, with no need for third-party verification.

Mercuria has been a vocal advocate of implementing blockchain technology to significantly cut costs in oil trading. “Ideally, it would help to eliminate any confusion over ownership of a cargo and potentially help to make managing risk more exact if there are accurate timestamps to each part of the trade,” said Edward Bell, commodities analyst at Dubai-based lender Emirates NBD PJSC.

More at: Consortium of energy companies including BP, Royal Dutch Shell to develop a blockchain-based digital platform – FirstPost Tech

Blockchain Meets the Manufacturing Supply Chain – Automation World

By Stephanie Neil    October 24, 2017

Despite early confusion about the technology, suppliers are developing network frameworks and apps that will make blockchain an essential part of food and pharma industries.

At the beginning of this year, I asked the question: “Coud Blockchain Solve Pharma’s Drug Supply Chain Security Act Challenges?” Fast forward nine months, and, considering new research, proof of concept studies and product offerings for manufacturing, it appears the answer is, “yes,” we have entered the age of blockchain in the supply chain. And it could solve pharma’s regulatory mandates—as well as be a fit for every industry segment requiring more trust in the supply chain.

According to the Blockchain Research Institute, an organization whose founding members include IBM, SAP, Nasdaq, Deloitte, PepsiCo, FedEx, and blockchain pioneers, like Nuco, just to name a few, blockchain as an Industry 4.0 technology. In the simplest terms, the Institute defines blockchain as the second generation of the digital revolution that creates the “Internet of Value,” a way of building digital relationships that will reshape the way in which we do business.

More at: Blockchain Meets the Manufacturing Supply Chain – Automation World

Hyperledger Blockchain Consortium Adds Bosch, Wipro and More as New Members – CoinDesk

By Sujha Sundararajan    October 24, 2017

Linux Foundation-backed blockchain consortium Hyperledger has added five new members to its portfolio.

Following the recent additions of China’s search engine giant Baidu and business networking company Tradeshift, Hyperledger has now opened its doors to general members Robert Bosch GmbH, Indian IT firm Wipro, Beijing Xiaomi Mobile Software, cognitive solutions and cloud platform Cognition Foundry, and Dubai-based holding company Majid Al Futtaim.

Aiming to build a range of applications and platforms based on open-source distributed ledger frameworks, the new additions mean Hyperledger now has more than 170 member organizations from across various industries including finance, banking, Internet of Things (IoT) and more.

More at: Hyperledger Blockchain Consortium Adds Bosch, Wipro and More as New Members – CoinDesk

IBM and Hyperledger Project Joined the Decentralized Identity Foundation (DIF) – CoinSpeaker

By Catherine Zemskova    October 12, 2017

IBM and Hyperledger Project became the part of the Decentralized Identity Foundation (DIF).

DIF is a consortium whose members are giant companies like Microsoft and Accenture, such blockchain startups as Blockstack, Civic, Gem, IDEO, Netki and Tierion.

Key players of the DIF’s team have different experience and background, they are originated from different parts of the world, some of them are competitors. But they all united for a single goal which is promotion of the belief that identity is composed of a deeply personal collection of data that defines people.

The activity of DIF is based on the prerogative of data protection. The person’s data cannot be distributed without his consent, he himself establishes access to them, he himself sets the amount of time during which his personal information can be accessed. A person controls personal data and it cannot be shared in any way.

More at: IBM and Hyperledger Project Joined the Decentralized Identity Foundation (DIF) – CoinSpeaker