PwC today announced it is launching a Long Finance research project into the potential of blockchain technology in wholesale insurance. The proposed study will be a collaborative exercise working with the Long Finance community. PwC and Z/Yen will bring together a range of wholesale brokers, insurers and re-insurers to create a common view of the potential benefits that blockchain could bring. They will conduct a global survey of the industry and interview leading thinkers around the world. The team will identify priority business 'use cases' and develop a roadmap for future developments. The study will be used to assess current thinking and explore the potential for 'mutual' or consortium research into taxonomies and standards for the insurance industry. The research and a working Proof of Concept prototypes will be launched in July.
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