Asian Insurance Giant AIA Joins R3 Blockchain Consortium
Posted: Wed Jun 01, 2016 1:00 pm
AIA Group (HKG:1299), the largest independent publicly listed pan-Asian life insurance group, has become the latest institution to have joined the blockchain consortium led by R3. This marks another milestone in the Asian expansion plan of the group representing about fifty of the biggest banks and corporations in the world as they test how to incorporate blockchain solutions inאם the global financial markets.
Simeon Preston, AIA’s Group Chief Operations Officer, commented: “AIA is excited to join R3 as the first pan-Asian life insurer, as distributed ledger technology or blockchain offers significant opportunities to the life and health insurance industry. R3 provides us the possibility to understand together with other leading global ... (read more)