The Oasis Foundation has announced that Tidal Finance, the DeFi insurance and coverage provider, will be implementing a version of their platform on the Oasis Network. It has been reported that insurance will be important for users of the platform as Oasis scales its DeFi offerings and that by working with Oasis’ “confidential smart contracts” Tidal will be able to deploy new claims methods, such as “anonymous, democratized voting” that preserves voters and user privacy. Howe

Technologies bring innovation and better opportunities across the globe by transforming the way how businesses work and because of which we listed out industries to be disrupted by Blockchain. Blockchain is one of the fastest-growing technologies in today’s digital world that have come into the limelight in the last few years. We have heard that blockchain technology has revolutionized finance, real estate, and many other sectors. However, not many of us are aware of what exa

Ziglu, the UK-based cryptocurrency banking platform, has launched an insurance program for digital assets held with the service, as each customer’s cryptocurrency holdings are insured against cybercrime to a value of £50,000 ($63,000). On July 15, it has been reported that customer assets are held in segregated accounts, with the vast majority stored in offline cold wallets. However, these additional measures decrease the risk of theft through hacking or other means. As it ha

The insurance industry will have many obstacles to overcome, but blockchain’s ability to provide complete accountability, transparency, and superior security will help insurers save time and money, as well as improve customer satisfaction. In particular, the insurance industry understands that it must evolve to stay competitive, which means streamlining processes and meeting the demands of digitally savvy customers. Blockchain technology can help insurance companies overcome

SK Telecom, the South Korean telecommunications firm, has announced a blockchain-based document submission process for mobile phone insurance, as this new protocol will do away with the company’s current antiquated paper processing methods. It has been reported by Itbiznews that users had to visit a technical repair office to receive insurance benefits for damaged phones. Successful visits would conclude with a claim receipt, which they then had to forward through e-mail or f

Bitbuy, the Toronto-based cryptocurrency exchange, has partnered with Knox, a Canadian Bitcoin custody provider, to offer full insurance on all Bitcoin (BTC) deposits in an apparent first for the industry. On May 27, it has been reported that the platform claims that the full value of its Bitcoin cold storage holdings is insured as a result of this partnership. Alex Daskalov, the CEO of Knox, said: “The funds that Bitbuy are transferring into our custody system are insured fo

Algorand, the DLT firm, has partnered with Attestiv, the blockchain-based tamper-proof media verification platform, to target fraud within the insurance industry using distributed ledger technology (DLT). It has been reported that the firms will combine their tech to develop a single platform for verifying digital media for a multitude of stakeholders across the insurance sector, including insurers, customers, repair vendors, and carriers. However, media is validated using At

Crypto.com secures a $100 million direct insurance policy provided by Arch Underwriting at Lloyd’s Syndicate 2012. On May 11, an announcement was made stating that the new policy brings Crypto.com’s total coverage to $360 million claiming to now have the largest insurance coverage within the entire cryptocurrency sector. We have secured a $100M policy led by Arch Underwriting at Lloyd's Syndicate 2012, extending our insurance coverage to $360M! 💰🔒As we reach our 2M user mil

Polish insurance company Link4 has partnered with a RegTech startup Coinfirm to streamline document management and storage with a blockchain-based system. The blockchain-enabled tool developed by Coinfirm called Trudatum reportedly allows the firm to transfer and store electronic documents and ensure their immutability. Stało się! Jako pierwsi na rynku udostępniamy swoim klientom dokumenty publiczne z wykorzystaniem trwałego nośnika stworzonego w oparciu o #blockchain, któreg

Bittrex, the cryptocurrency exchange, obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage. Bittrex Secures $300 Million Insurance for Cryptocurrencies in Cold Storage https://t.co/kCa3jVX1GJ via @cointelegraph pic.twitter.com/CGps8QI6mo — MOJO DAY TRADING (@ProTrader_Mike) January 30, 2020 On January 29, Bittrex announced in a blog post that the exchange obtained specialty insurance for corporations by i

BIMA, an International Insurance Company, has entered into a partnership with Coins.ph that will allow over 5 million customers to pay for insurance using Coins.ph wallet. It has been analyzed that BIMA has been offering insurance services in the Philippines since 2014, with services such as the Personal Accident plus Life Insurance program. However, with this newly-launched partnership, Melvin Juruena, the Country Manager of BIMA Philippines, expects that millions of custome