AIG Issues Its First Insurance Policy on Blockchain

On the subject of distributed ledgers, or better yet, what some consider a subject “bound to remain beyond the grasp of most people”, AIG announced it has issued its first blockchain-based insurance policy to UK’s Standard Chartered Bank, thanks to its collaboration with IBM. Speaking of IBM, it announced a new project called the IBM Blockchain Founder Accelerator that will provide technological, business, and legal support for organizations looking to build new blockchain networks.