Blockchain Hackathon Live Test Completed
11th August 2019
On the 19th and 20th June 2019, B3i welcomed testing groups from across the B3i community to join in their testing hackathon in Zurich, Switzerland.
Attendees tested a live version of B3i’s Property Catastrophe Excess of Loss Reinsurance application. Brokers, insurers and reinsurers were asked to setup real scenarios to stress test the application, whilst providing feedback to B3i’s developers. The network ran 43 nodes – 40 customer nodes (7 cedents, 12 brokers and 21 reinsurers) and 3 B3i (operator, mapping and notary nodes) to simulate life- like scenarios.
Better insurance enabled by frictionless risk transfer
B3i is creating a better insurance industry by developing standards, protocols and network infrastructure to remove friction in risk transfer.