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.
How Allianz took a blockchain platform from pilot to 1 million transactions
TagsCIO action plan, CIO case studies, ESG implications, Respond to external factors, annual planning, assess technology needs, implications for trends on CIOs, innovation, plan for ransomware, set my priorities, technology leadership, top initiatives for 2022, what to do this year, enterprise blockchain, hyper ledger fabric, distributed ledger, process automation, blockchain platform, digital platform, business innovation
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CIO Priorities 2022
Priorities to compete in the digital economy.