Allianz France To Work With Everledger To Explore Blockchain Technology

Insurance and financial services company Allianz France, a subsidiary of Germany-based Allianz, is gearing up to explore the blockchain technology, CoinDesk reported.

Everledger, a blockchain-based startup company that uses the technology a distributed registry for diamonds, joined the startup accelerator owned by Allianz France earlier this month.

Sylvain Theveniaud, managing director for the Allianz accelerator, said in a recent interview that his company sees potential in the blockchain and will work with Everledger to develop proofs-of-concept as part of a research initiative.

“The idea is to work with Everledger and make [proofs-of-concept] and use cases that we can experiment with inside Allianz”, Theveniaud told CoinDesk. “We think that it’s a good time to start working with Everledger and see what kind of use cases we can develop with them," he said. 

Leanne Kemp, Everledger founder and CEO, in an email to CoinDesk said that the insurance market is a key target for them.

"Everledger is well placed to advance and apply its accumulated knowledge to assist insurers in the reduction of its core risk and provide a trusted ledger of ownership," she told CoinDesk.