Marsh to launch blockchain-based verification for clients in sharing and gig economies
Marsh, a global leader in insurance broking and innovative risk management solutions, today announced that it is developing the first blockchain-based verification solution for clients in the fast-growing sharing and gig economies.
Working in collaboration with Evident, a data security platform that allows businesses to run comprehensive, accurate verifications without handling sensitive personal data, the new blockchain solution will streamline the onboarding of gig economy workers by simplifying the insurance and identity verification process with added trust, safety, and risk management.
Built on the IBM Blockchain Platform and open source Hyperledger Fabric, with input from insurance standards leader ACORD, Marsh announced its commercial blockchain for proof of insurance earlier this year. This collaboration with Evident marks an expansion of Marsh’s blockchain’s capabilities which, when connected with Evident’s Identity Assurance Platform, will digitize certificates of insurance into immutable records so that all permissioned parties can instantly verify information.
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