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Bitfury, Risk Cooperative to drive blockchain applications in insurance market

Published 19 June 2017

The Bitfury Group and risk and insurance advisory firm Risk Cooperative have partnered to drive blockchain applications in the insurance intermediation market.

The Bitfury Risk Cooperative partnership will leverage Bitfury’s expertise in designing and implementing full scale Blockchain applications across a wide range of sectors and Risk Cooperative's comprehensive insurance placement platform and partnership model with the world’s leading insurers to spur adoption of Blockchain solutions.

“With Bitfury as a strategic partner, combined with our commitment to innovation and improving resilience, we are confident that we can serve as first movers in driving Blockchain’s adoption across the entire insurance value chain. This is no small feat, but with Bitfury’s strategic and operational leadership in Blockchain technology, we can be bold in our advance,” said Dante Disparte, Risk Cooperative’s founder and CEO.

“Blockchain technology can bring transparency and security to the insurance industry, and can be a catalyst for new insurance business models,” said Valery Vavilov, CEO of The Bitfury Group.

“Risk Cooperative brings the very best in insurance industry expertise and vision for these new business opportunities, and we look forward to harnessing Blockchain to take our ideas from concept to reality.”

Source: Company Press Release