Blockchain-powered Cargo Insurance Claims in Japan Successfully Complete

Blockchain-powered Cargo Insurance Claims in Japan Successfully Complete

Tokyo Marine & Nichido Fire Insurance has recently announced the completion of the blockchain-powered cargo insurance claims system in collaboration with NTT DATA. In a press release, Tokyo Marine detailed, “We have confirmed the effectiveness of blockchain technology in marine cargo insurance claims procedures through this PoC.” The blockchain insurance settlement project is aimed to bring faster insurance payouts.

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