Blockchain Insurance Alliance B3i sets up board of directors and adds new investors

The blockchain insurance alliance B3i, supported by some of the world's largest insurance companies, has expanded its investor base, with three new insurance companies and reinsurers participating in B3i's current financing. B3i pointed out in the announcement that the first phase of the product, which is scheduled to be launched in the fourth quarter of 2019, is under evaluation and is in the process of extending the invitation to the second wave of investors. In addition, B3i established a board of directors, including senior executives from nine investment companies.