USA: Vermont seeks Expertise for Blockchain-pilot project

the in The U.S. state of Vermont wants to start a pilot project to explore the Use of Blockchain technology for self-insurers. A corresponding Declaration of intent was made by the Authorities on 9. January signed.

By Christopher clover
16. January 2019BTC$3.591,62 -0.54%part Facebook Twitter LinkedIn xing mail

The Secretary of state (SoS) of US want the state of Vermont to explore, in collaboration with the Vermont Financial regulator (DFR) is a paper, in which the regulators, the potential of the Blockchain technology. Because:

"The parties recognize that the introduction of this new technology can bring significant benefits, such as, for example, a more efficient administration of their duties while maximizing the value for the citizens of Vermont."

First of all, the SoS, and DFR is limited to a temporally and thematically limited pilot trial:

"The parties are agreed that the possible introduction of a Blockchain for a wider application runs best through a limited pilot program that aims to test the functionality of the new technology in the context of the operation of the parties."

Specifically, the on 9. January Memorandum of understanding signed by the Use of DLT for self-insurers:

"The parties will work together to launch a pilot program. This is intended to provide the group's insurance companies the opportunity to register on the Blockchain at the SoS for one of the parties to be determined in run-time.“

First of all, the Vermont authorities are searching for a Blockchain Expertise for the implementation of the pilot project. By using a Request for Information (RFI) to provide SoS and DFR, as it were, an Overview of which companies have already had experience with the Distributed Ledger technology.

The competition of the Blockchain experts is yet before

run The pilot project should in the end ideally to a paper-free settlement of insurance cases. We must stress, however, that this process is the RFI only at the beginning. Depending on the Feedback of the insurer, an RFP, a Request for Proposal follows the RFI is then given if. The Request of Proposal corresponds to a public tender in this country. For this then: May the best (and cheapest) Blockchain-solution win!