Shanghai Stock Exchange: Setting standards can create an innovative environment for the integrated development of the insurance industry and blockchain technology

Insurance industry agencies have recently launched the formulation of the "Industry Blockchain Application Technology Group Standards". According to the Shanghai Stock Exchange, the formulation of standards will continue to empower the insurance industry from multiple aspects: First, unify industry application standards, reduce technical friction between different companies and different application scenarios, and promote cooperation and consensus among insurance companies. Improve the overall operating efficiency of the insurance industry; second, accelerate the identification of the main application direction of the industry, promote breakthroughs in blockchain technology, promote the innovation and development of the industry, and effectively solve problems such as repeated construction and non-uniform standards; The efforts to promote the breakthrough of blockchain application technology standards can create an innovative environment for the integration and development of insurance and blockchain technology.