Insurance Company Link4 Partners With RegTech Startup Coinfirm For Document Management
Insurance Company Link4 Partners With RegTech Startup Coinfirm For Document Management
May 5, 2020
Insurance Company Link4 Partners With RegTech Startup Coinfirm For Document Management
Insurance Company Link4 Partners With RegTech Startup Coinfirm For Document Management
May 5, 2020

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.

Customers of Link4 can access their insurance papers and verified online, thereby reducing the overall amount of paperwork for the company.

Launched in 2003, the company Link4 considers itself the leader of the direct insurance market in Poland and was allegedly the first on the local market to sell motor insurance exclusively via phone and Internet.

Agnieszka Wrońska, president of the Link4 Board:

“For a long time, we’ve been focusing on modern and secure solutions, and this undoubtedly fits with blockchain, which guarantees the permanent saving of documents without the possibility of editing them. It is a benefit for our clients who will always find documents such as the product card or general insurance conditions in the same place, in unchanged form.”

The blockchain-powered solution has reportedly been approved by the Office of Competition and Consumer Protection, a local custodian. 

ALSO READ :  Crypto Ranking Website CoinGecko Launches Derivatives Section

Source: Cointelegraph | Pexels

Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.
Share This

Share This

Share this post with your friends!