Forbes reports that Deloitte is helping The Institutes RiskBlock Alliance expand into Canada and working on insurance-based blockchain applications designed to streamline the claims filing process.
Commenting on regulatory hurdles in the insurance market, Stephen Palley notes: "The hard part is going to be figuring out how you ring fence things at a state-by-state level to get regulatory approval that satisfies really old-fashioned but pro-consumer regulation."
Read more: Deloitte Expands Into Canada With Blockchain Insurance Consortium Riskblock