Minsheng Life Insurance has come onboard as a partner of the PlatONE open-source blockchain infrastructure, a project recently launched by non-profit research institution Wanxiang Blockchain and the PlatON global computing network.
PlatONE uses cryptographic algorithms and privacy-preserving computing to provide an ecosystem for blockchain application development. Using PlatONE, Minsheng – one of China’s largest insurers – has developed a suite of decentralised applications, including an internal digital insurance record-keeping system and an unspent transaction output (UTXO) model.
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