Chinese Insurance Firms Use Blockchain to Process Coronavirus Claims

Insurance firms in China use blockchain to manage coronavirus-related claims amid the outbreak. English-language local news outlet South China Morning Post reported on Feb. 9 that this month Chinese online mutual aid platform Xiang Hu Bao added the coronavirus to the illnesses eligible for the maximum one-time payout of around $14,300 (100,000 yuan).

Blockchain used for insurance claim processing

Xiang Hu Bao is not an insurance policy,

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Chinese Startup Donates $14K to Fight Coronavirus While Launching a Blockchain Data Platform

Chinese startup FUZAMEI has rolled out a philanthropy-focused blockchain-based platform for tracking and managing data.

Dubbed “33 Charity,” the platform is designed to boost the transparency and efficiency of businesses’ internal processes, including charitable organizations, according to a press release published on Feb. 7. The platform appears to be a shared network where organizations can register,

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Bitspark Shuts Down Amid Restructuring, Coronavirus and Protests

Hong Kong-based blockchain remittance startup Bitspark has abruptly announced its closure, citing internal restructuring issues.

On Feb. 3, Bitspark co-founder and CEO George Harrap officially announced the platform’s plans to shut down its services on March 4, 2020.

According to the statement, Bitspark users will be able to withdraw their cryptocurrencies from Feb.

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