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A.P. Møller-Maersk has confirmed that it has begun using a new blockchain platform for marine hull insurance called Insurwave, having acted as the pilot client for the system built by a joint venture between EY and Guardtime.

Maersk and a group of global partners, including financial services firm EY and software giant Microsoft, have announced the launch of a new blockchain platform for the marine insurance sector, planned to be implemented in 2018 having now completed a 20-week Proof of Concept phase.

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