Enterprise Blockchain Use Cases – United Kingdom

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Blockchain Use Cases - United Kingdom | Projects initiated by various enterprises, public sector organizations, governments, and non-governmental organizations.

Select Enterprise Projects/ Blockchain Use Cases

BUC0045 – Enterprise blockchain project – Marine Insurance, Transparent

Stakeholders: Shipping and logistics, Insurance and reinsurance companies, Insurance broker
Key Benefits: Real time tracking – It will enable real-time tracking of the location, condition and safety of assets.
Accurate underwriting – It will enable accurate and fair underwriting and pricing based on the visibility of assets.
Smarts contracts – It will ensure contract certainty and enforceability.
Better compliance – It will streamline the process of regulatory reporting and compliance
Improved data sharing – It will allow accurate and transparent data sharing among all important stakeholders
Security and transparency – Encryption will provide data security and transparent audit trails

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