Berkshire Hathaway insurance company adopts blockchain for cross-border business
Berkshire Hathaway Insurance Company (BHSI) announced the expansion of its cross-border capabilities, including the adoption of a permissioned blockchain solution developed by ChainThat. BHSI can provide insurance services to 178 countries. BHSI uses WorldLink to improve the workflow efficiency of its cross-border business. WorldLink is currently used for 95% of its global insurance and is based on the insurance technology ChainThat's Beyond Multinational Programs platform. ChainThat estimates that costs could be reduced by 30% through the efficiency of its SaaS product.
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