U.S. tech firm in blockchain tie-up with insurance advisory firm

June 16, 2017 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. technology company The Bitfury Group said on Friday it had formed a strategic partnership with advisory firm Risk Cooperative to use the blockchain digital ledger in the $60 billion insurance broking market. Blockchain, a public record of all bitcoin digital currency transactions, can also be used to track assets across industries. Over the last two years, Bitfury has been helping national governments put data on a blockchain. “Blockchain technology can bring transparency and security to the insurance industry, and…

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