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Chinese State Grid Launches Blockchain-Based Blackout Insurance Policy

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Stock, Top News
imageCryptocurrency7 hours ago (Aug 09, 2020 03:20AM ET)

Chinese State Grid Launches Blockchain-Based Blackout Insurance Policy

A branch of China’s state-backed grid released its first blockchain-powered blackout insurance policy issued to the chairman of a local company that needed to compensate for a power outage loss suffered recently.

According to Shupeidian, Zhejiang Ningbo Power Supply Company, in partnership with Yingda Taihe Property Insurance Co., Ltd., released the policy to a sprinkler manufacturing company in Ningbo, Zhejiang province.

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Chinese State Grid Launches Blockchain-Based Blackout Insurance Policy

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