China’s ZhongAn Tech is planning to use blockchain technology to cut risk and costs in healthcare insurance, local news outlet the South China Morning Post reported May 29.
ZhongAn, the technology incubator for ZhongAn Online Property & Casualty Insurance, was founded in 2013 by Jack Ma, the chairman of Alibaba (NYSE:BABA) Group, Pony Ma Huateng, chairman at Tencent Holdings, and Peter Ma Mingzhe, chairman at Ping An Insurance.