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VeChain Partners With Peoples Insurance Company of China Hoping to Transform Insurance Industry

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Sun, 2/09/2018 - 11:38
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VeChain Partners With Peoples Insurance Company of China Hoping to Transform Insurance Industry
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Peoples Insurance Company of China (PICC) is one of the largest players on the global field of insurance, owning assets that cost around $126 bln now works with the VeChain crypto platform to research the DLT and utilize it for its own needs.

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PICC reckons that the distributed ledger (DLT) can help it bring down the time required for performing operations, reduce the amount of paperwork, etc.

PICC also hopes to use VeChain to implement DLT contracts, so as to make the reimbursement process for highly-profitable companies quicker.

 

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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