Blockchain Insurance Collective B3i Launches Reinsurance Beta In Monte Carlo

Some of the world's largest insurance firms have launched a working reinsurance blockchain prototype at the 61st Monte Carlo RVS conference in Monte Carlo.

The 15-strong insurance industry blockchain consortium, B3i, which includes the likes of Aegon, Swiss Re, Zurich Insurance Group, have been working on a joint distributed ledger for reinsurance transactions for over a year now.