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IBM Expands Blockchain Partnership With Insurance Broker Marsh

Global professional services firm. Marsh is expanding.

The company announced Wednesday that it was working with a new version of an insurance verification program.

Marsh and IBM will use the new insurance certification process, providing both speed and transparency for clients looking to hire contractors.

As previously reported, Marsh and IBM first started developing the program in April, seeing blockchain technology as a way to "maximize efficiency" for clients.

IBM insurance general manager Sandip Patel praised the underlying distributed ledger in a statement, noting its potential use in modernizing tools.

He said:

This is an example of how blockchain can be used to drive the real estate business. "

The new blockchain-based tools will be offered through the Salesforce platform, the release noted.

Marsh chief digital, data and analytics officer Sastry Durvasula added in a statement that "by making proof of insurance accessible digitally and instantaneously for our clients through Salesforce, we are streamlining a key business requirement through easy and secure sharing of proof of insurance."

IBM image via JuliusKielaitis / Shutterstock


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