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.
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.
Alex Dovbnya
