Transport and logistics company AP Moller-Maersk (a.k.a. Maersk) has begun using blockchain platform Insurwave for maritime insurance, Seatrade Maritime News reports Friday, May 25.
Developed by EY and Guardtime, Insurwave uses distributed ledger technology from cloud platform Microsoft (NASDAQ:MSFT) Azure and follows global insurance standards. At the beginning of May, Microsoft Azure had announced the release of its blockchain app creation service, Azure Blockchain Workbench.