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B3i Expanded its Investors Group
Summary: According to cointelegraph, Swiss blockchain-based insurance transaction platform B3i has added 3 insurer and reinsurers in its ongoing funding round. The company has raised $16 million in its February funding round and maximized its capital to $22.6 million. B3i is a blockchain initiative, focusing on multi-company syndicated risk placements, accounting and claims. It is working ...
According to cointelegraph, Swiss blockchain-based insurance transaction platform B3i has added 3 insurer and reinsurers in its ongoing funding round. The company has raised $16 million in its February funding round and maximized its capital to $22.6 million. B3i is a blockchain initiative, focusing on multi-company syndicated risk placements, accounting and claims. It is working on product development based on R3 Corda distributed ledger technology in order to improve insurance industry’s efficiency and security. The first phase of the product will be launched for the fourth quarter of 2019.
