Symbiont Showcases Blockchain Catastrophe Swaps to Insurance Execs

Symbiont Showcases Blockchain Catastrophe Swaps to Insurance Execs

Blockchain startup Symbiont has demonstrated a self-executing catastrophe swap smart contract on a platform designed for a wide-range of industries. The startup demonstrated a system of smart contracts integrated with Symbiont’s secretive Assembly blockchain, which facilitated how the automatic dispersal of funds would work. Source Favorite

7 Financial Firms Test Blockchain for Data Management

7 Financial Firms Test Blockchain for Data Management

Credit Suisse, Citi and HSBC are among seven financial firms to participate in a blockchain data management trial, with support from blockchain firms Axoni and R3CEV. Specifically participants interact with reference data after corporate bond issuance, with any proposed changes requiring validation by the underwriter to ensure the ledger provided a single, immutable record of […]