Excellent introduction to the history, vision and mission of B3i.
The Blockchain Insurance Industry Initiative (B3i) was formed in late 2016 as a collaboration of insurers and reinsurers to explore the potential of using Distributed Ledger Technologies within the industry for the benefit of all stakeholders in the value chain.
The vision for B3i is to make insurance more relevant, accessible and affordable for consumers through the power of the ecosystem founded on Blockchain technology which will enable participants to create innovative solutions, products and services.
B3i’s purpose is to provide an ecosystem which provides efficiency improvement and cost saving opportunities as well as enabling profitable growth through innovation and new business opportunities. It will also facilitate increased quality and trust through common standards, data, resilience and strengthened security.