Insurwave, the blockchain at the service of marine insurance

An electronic platform dedicated to marine insurance has been jointly set up by auditing firm EY and Guardtime, an IT company specialized in blockchain technology.
marine insurance

Named “Insurwave”, the solution designs marine insurance products relying on blockchain.

The project’s initiators estimate that the new platform will cover more than 1000 ships and will carry out over 500 transactions during the first six months of its launch.

Initially confined to ship hull, “Insurwave” will subsequently be extended to cover the classes of marine cargo, aviation and energy.

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