Insurance Blockchain Consortium. Jointly they will run labs to explore the potential for homeowner parametric insurance and. Nationwide, among the top 10 insurers in the u.s., was one of the founding members of the institutes riskblock alliance, the global blockchain consortium with more than thirty insurance members.with the proliferation of alliances across many industries, an important question is how to build an effective and productive consortium.

The goal of the insurance engineering blockchain consortium is to understand how blockchain technology and smart contracts can serve the construction, infrastructure, and associated insurance industries upon which society depends. The institutes riskstream collaborative, the risk management and insurance industry’s blockchain consortium, has partnered with b3i services ag, to explore automation in home insurance. Updated sep 11, 2021 at 5:34 a.m.