PwC Develops Blockchain Prototype for London Market Claims
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PwC has created a working blockchain prototype for the London Market’s Target Operating Model (TOM) Innovation Exchange, which demonstrates how the technology can support claims bordereau management processes, the company said. Completed over a six-week period, PwC said, the proof of concept focuses on enhancing interactions among multiple different parties involved in a claims bordereau process (third party administrators, claims approvers and brokers).