April 12, 2021

Linux Foundation Hosts Collaboration Among WorldÔÇÖs Largest Insurance Companies

Exciting news from The Linux Foundation and Hyperledger with the announcement of the openIDL project. This open source project is a collaboration of some of the largest insurance companies to streamline regulatory reporting. Chainyard is proud to be a member of the project and looks forward to contributing to this effort that will improve data, enable insurers and regulators to operate more efficiently, and enable them to make better decisions.

openIDL (open Insurance Data Link) is an open blockchain network that streamlines regulatory reporting and provides new insights for insurers, while enhancing timeliness, accuracy, and value for regulators. openIDL is the first open blockchain platform that enables the efficient, secure, and permissioned-based collection and sharing of statistical data.

Read more about openIDL in the Press Release.