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China’s online insurer ZhongAn launches blockchain and AI-focused technology incubator


ZhongAn Online Property & Casualty Insurance Co., Ltd., a China-based online insurance company, has announced the establishment of its wholly-owned subsidiary that will focus on developing artificial intelligence (AI), blockchain, cloud computing and more.






The newly founded company ZhongAn Information and Technology Services Co., Ltd. (ZhongAn Technology) will explore technology innovation to ZhongAn and its external partners through its "ABCD" plan, focusing on four main areas: AI, Blockchain, Cloud Computing, and Data Driven.

ZhongAn Technology has adopted the technology of Ethereum, the blockchain-based decentralized network, in its platform. Moreover, the new company has already developed a series of innovative products covering a wide range of fields including insurance, consumer finance, asset management and healthcare. This includes a blockchain-based open platform for insurance transactions to facilitate the growth of an insurance industry ecosystem.

In addition, ZhongAn Technology has also partnered with Fudan University School of Computer Sciences and Technology to set up a "blockchain and information security laboratory". This is the first joint laboratory between a university and a company focusing on blockchain technology in China.

According to the official announcement, ZhongAn Technology will roll out its services on a blockchain cloud platform www.anlink.com.

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Tuesday, November 8th 2016
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