The Institutes RiskBlock™ Alliance Launches Canopy, the Risk Management and Insurance Industry’s First Blockchain Platform

The Institutes RiskBlock Alliance, a blockchain consortium representing 31 risk management and insurance companies, has launched Canopy, the industry’s first end-to-end reusable blockchain framework, using the Corda blockchain platform. R3, the enterprise software firm that developed Corda, signed an agreement with the RiskBlock Alliance to support the Canopy platform as a set of standardized blockchains to be used for all use cases and applications. Upon its launch, Canopy will feature claims and policy blockchains that will serve as the foundation for most use cases.