The Shanghai Stock Exchange (SSE (LON:SSE)) has entered into deals with insurer and reinsurer groups in China to adopt blockchain technology to improve the security and efficiency in both industries while also promoting “the use of blockchain in the asset management and pension industry,” reports China Securities Journal newspaper.
The SSE inked partnership deals with China’s big leagues of the insurance industry, including the Insurance Asset Management Association of China (IAMAC), as well as the Changjiang Pension Insurance Company, Tokyo Maritime Sunshine, Sumitomo Mitsui Marine, and other insurance companies to “build a distributed data interaction platform, and solve the problem of information islands,” using blockchain and to “create a new, high-efficiency, low-cost and safer insurance industry.”
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