Blockchain-powered Marine Insurance by Maersk

Blockchain-powered Marine Insurance by Maersk

AP Moller Maersk, the shipping company, has embraced blockchain tech for marine insurance. The company has already been trailing the system. It is reported that the technology would be managing risks for more than 1,000 vessels and support 500,000 and beyond transactions in the initial year. The company has experienced ‘simplified and streamlined transactional processes.’

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