Express

Korean Business Heavyweights Team Up For Blockchain Insurance Project

Tracy CHEN

Summary: According to Cryptonews, Two of South Korea’s biggest conglomerates will team up to create a blockchain-based insurance offering. The deal will see the Lotte Group’s insurance arm, Lotte Insurance, join forces with the Hyundai Group’s blockchain and crypto subsidiary Hdac for an unprecedented cooperation effort. As local media disclosed, the deal will also involve another leading ...

According to Cryptonews, Two of South Korea’s biggest conglomerates will team up to create a blockchain-based insurance offering. The deal will see the Lotte Group’s insurance arm, Lotte Insurance, join forces with the Hyundai Group’s blockchain and crypto subsidiary Hdac for an unprecedented cooperation effort. As local media disclosed, the deal will also involve another leading insurance provider, Insurovo, and software firm TmaxData. Hdac operator Hyundai BS&C, the Hyundai Group’s IT services and construction arm, will also join the project. The firms said they will co-build a “convergence platform” that will make use of blockchain technology and blockchain-powered decentralized ID (DID) authentication developments.

Tracy Chen

Last Update:

Tags:
Link: Korean Business Heavyweights Team Up For Blockchain Insurance Project   [Copy]
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 5 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 9 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 23 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? September 9, 2025
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules September 5, 2025
  • You need to login to comment.