34 min
How Allianz took a blockchain platform from pilot to 1 million transactions Tech Insights
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- Technology
In 2021, Allianz went into live production with a new solution to settle international auto insurance claims involving its 25 subsidiaries in Europe. The blockchain-based solution based on Hyper Ledger Fabric has already settled more than 1 million transactions, automating a process that was painful and slow. In this episode of Tech Insights, Allianz Chief Architect Bob Crozier shares how his team went from an exploratory interest in Ethereum smart contracts to "burning the ships" and retiring their old settlements system to run entirely on an enterprise blockchain platform. Also, hear Bob's thoughts on whether NFTs need insurance. This episode is part of our CIO Priorities 2022 mini-series.
In 2021, Allianz went into live production with a new solution to settle international auto insurance claims involving its 25 subsidiaries in Europe. The blockchain-based solution based on Hyper Ledger Fabric has already settled more than 1 million transactions, automating a process that was painful and slow. In this episode of Tech Insights, Allianz Chief Architect Bob Crozier shares how his team went from an exploratory interest in Ethereum smart contracts to "burning the ships" and retiring their old settlements system to run entirely on an enterprise blockchain platform. Also, hear Bob's thoughts on whether NFTs need insurance. This episode is part of our CIO Priorities 2022 mini-series.
34 min