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SCOR Global Goebenstraße 1 50672 Köln, Germany http://www.scor.com/
Contact Ms Marie-Laurence Bouchon +33 1 58 44 76 10
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SCOR Global

SCOR embraces new technology with Blockchain tests

(PresseBox) (Köln, )
In September 2016 SCOR started to test Blockchain technology, which is essentially a secured distributed database (ledger) shared by all parties to an exchange, and launched a Technical Accounting Blockchain Proof of Concept (PoC) to assess the feasibility of using Blockchain technology to enhance the Ruschlikon[1] initiative. The test is described in this video.

SCOR is very pleased with the results of these tests, which demonstrate that Blockchain technology (i) is agile and quick to implement, (ii) simplifies and accelerates interaction, with real-time status simultaneously shared by the business partners involved, and (iii) has the potential to efficiently reduce costs.

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