Marsh and IBM are expanding their collaboration with industry-wide access to its first commercial blockchain solution for proof of concept tests.
The solution aims to transform the certificate of insurance process from complicated and manual, to streamlined and transparent, allowing clients to speed up necessary business functions such as hiring contractors.
For Marsh’s part, it is leveraging IBM’s Salesforce relationship to extend its commercial proof of insurance blockchain solution to its clients through the Salesforce Platform.
Sandip Patel, General Manager, Insurance Industry, IBM: “Distributed ledger technologies are driving efficiency across many industries by enabling legacy manual processes to operate more efficiently and with greater transparency and trust..This innovation is an ideal example of how blockchain can be used to drive real business results and collaboration in the insurance industry.”