The Institutes Launches U.S. Blockchain Consortium

The Institutes, a provider of educational materials and consulting for the P&C industry, is launching a blockchain consortium with the goal of spurring development of use cases for the technology in the U.S. The RiskBlock Alliance has a goal of 30 members across the P&C value chain. Potential use cases envisioned by The Institutes include proof of insurance, subrogation, data sharing and risk registries, and parametric insurance. The Institutes has been getting cozier with blockchain this year. It was a founding member of the Enterprise Ethereum Alliance, a cross-industry effort to create protocols, standards and governance models for the use of private Ethereum networks.