• Latest
Vermont State Government Launching Blockchain Insurance Pilot

Vermont State Government Launching Blockchain Insurance Pilot

January 14, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

Vermont State Government Launching Blockchain Insurance Pilot

coinnewsdaily by coinnewsdaily
January 14, 2019
in Business
0
Vermont State Government Launching Blockchain Insurance Pilot
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The U.S. state of Vermont is launching a blockchain pilot project for the captive insurance industry.

The state government announced Friday that the Office of the Vermont Secretary of State and the Vermont Department of Financial Regulation have signed a memorandum of understanding to conduct the pilot that will examine the tech’s potential in digital recordkeeping and registration and regulatory processes.

The trial program will give captive insurers – licensed insurance companies formed by one or more parent entities to provide self coverage – in the state an option to file registration and reporting documents using private blockchain technology. The state government currently maintains paper and digital copies of filed documents.

Vermont aims to create a “transparent and validated” record of transactions through blockchain, as well as reduce costs compared to traditional record-keeping methods.

Jim Condos, Vermont Secretary of State, said in a statement:

“This pilot will allow us to examine whether or not the application of blockchain technology for digital recordkeeping can improve aspects of the state regulatory process.”

The government has already started the process of identifying vendors with technical and consulting expertise for the pilot program, through a Request for Information (RFI) process.

Vermont is one of the leading markets for captive insurance in the U.S., with the state government registering 20-40 new companies in the sector per year, according to the RFI.

The state has launched several blockchain initiatives in the past, including the signing of a bill last May that opened the door for the creation of blockchain-based limited liability companies. And, in January 2018, the city government of South Burlington partnered with blockchain startup Propy to trial a land registration system using the technology.

Vermont State Capitol image via Shutterstock 

Credit: Source link

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
Share76Tweet48
Previous Post

The Ethereum Classic Attacker Has Sent a Bigger Message

Next Post

Ripple (XRP) Revolutionizes $30 Billion-Large OFW Remittance Market Latest Ripple (XRP) News & Price Analysis

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
xRapid to Launch in One Month Says Sagar Sarbhai Head of Regulatory Relations at Ripple

Ripple (XRP) Revolutionizes $30 Billion-Large OFW Remittance Market Latest Ripple (XRP) News & Price Analysis

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,838.003.20%
  • ethereumEthereum(ETH)$1,673.095.70%
  • tetherTether(USDT)$1.000.03%
  • binancecoinBNB(BNB)$330.267.05%
  • rippleXRP(XRP)$0.4153952.76%
  • cardanoCardano(ADA)$0.4068566.10%
  • dogecoinDogecoin(DOGE)$0.0943882.07%
  • matic-networkPolygon(MATIC)$1.2312.94%
  • okbOKB(OKB)$40.077.43%
  • solanaSolana(SOL)$25.015.95%
  • polkadotPolkadot(DOT)$6.566.40%
  • litecoinLitecoin(LTC)$100.174.39%
  • shiba-inuShiba Inu(SHIB)$0.0000123.69%
  • tronTRON(TRX)$0.0638311.90%
  • daiDai(DAI)$1.00-0.04%
  • cosmosCosmos Hub(ATOM)$14.829.31%
  • chainlinkChainlink(LINK)$7.306.63%
  • moneroMonero(XMR)$178.541.20%
  • ethereum-classicEthereum Classic(ETC)$22.535.14%
  • leo-tokenLEO Token(LEO)$3.36-1.21%
  • bitcoin-cashBitcoin Cash(BCH)$138.414.94%
  • stellarStellar(XLM)$0.0936134.10%
  • filecoinFilecoin(FIL)$5.7511.75%
  • crypto-com-chainCronos(CRO)$0.0812243.26%
  • algorandAlgorand(ALGO)$0.2585319.14%
  • vechainVeChain(VET)$0.0249219.54%
  • internet-computerInternet Computer(ICP)$6.003.37%
  • aaveAave(AAVE)$91.2711.58%
  • eosEOS(EOS)$1.095.15%
  • elrond-erd-2MultiversX(EGLD)$44.905.94%
  • theta-tokenTheta Network(THETA)$1.098.59%
  • tezosTezos(XTZ)$1.116.18%
  • paxos-standardPax Dollar(USDP)$1.00-0.10%
  • huobi-tokenHuobi(HT)$5.405.31%
  • bitcoin-cash-svBitcoin SV(BSV)$43.582.62%
  • havvenSynthetix Network(SNX)$2.6516.69%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.256.79%
  • dashDash(DASH)$62.463.95%
  • iotaIOTA(MIOTA)$0.2368265.96%
  • makerMaker(MKR)$689.956.88%
  • neoNEO(NEO)$8.768.58%
  • zcashZcash(ZEC)$47.335.43%
  • zilliqaZilliqa(ZIL)$0.0289152.03%
  • basic-attention-tokenBasic Attention(BAT)$0.2746926.08%
  • compound-governance-tokenCompound(COMP)$56.208.10%
  • nemNEM(XEM)$0.0398285.00%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.315.87%
  • bitcoin-goldBitcoin Gold(BTG)$17.466.09%
  • qtumQtum(QTUM)$2.796.30%
  • sushiSushi(SUSHI)$1.4213.70%
  • wavesWaves(WAVES)$2.687.99%
  • yearn-financeyearn.finance(YFI)$7,780.358.21%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.2495456.23%
  • omisegoOMG Network(OMG)$1.509.01%
  • ontologyOntology(ONT)$0.2184006.84%
  • digibyteDigiByte(DGB)$0.0111087.28%
  • umaUMA(UMA)$2.125.46%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%