Coincover launches Protected Co-Signing for ultimate transaction protection

Coincover, a blockchain protection company, has launched its Protected co-signing product to further reduce the risk in digital asset transactions.  

The new service adds an additional layer of protection onto the existing co-signing model within digital asset custody. While the emergence of multi-sig wallets allowed different parties to share custody and reduce risk of loss from disaster scenarios, the addition of Coincover’s proprietary technology into the co-signing model...

Samsung SDS pilots a blockchain-based medical claims processing system

samsung blockchain insurance medical

Samsung’s IT solution developer Samsung SDS is expected to roll out a blockchain-based medical claims processing system in October.Yoon Shim, a vice president of Samsung SDS, said at the Blockchain Seoul 2019 event that the firm has been piloting the system since August 2019. Samsung SDS is 22.6% owned by Samsung Electronics and 17.1% owned by Samsung C&T.

Yoon added that medical institutions and insurers have participated in the pilot to validate the effectiveness and the...