(Image source: Adobe Stock.)
VUE Software (Coconut Creek, Florida), a provider of insurance distribution modernization solutions has announced its funding of a blockchain research project involving collaboration with select graduate students from NYU Stern School of Business and Harvard Business School—on how blockchain technology can solve business issues in the insurance industry. As a part of this initiative, VUE Software worked with the B3i organization, a Zurich-based industry group studying blockchain/distributed ledger technology. The vendor says it will gradually release the findings of this initiative within the next few weeks.
“This project was intentionally designed to work with researchers from outside the insurance industry to eliminate any preconceived bias,” comments Stephen Bruno, President and CEO, VUE Software.
“VUE Software is recognized as the industry leader in distribution management as well as for our thought leadership and technological innovation,” Bruno adds. “Many of our clients are observing blockchain as a potential solution to some of their business issues and look to companies like VUE to deliver insight for insurance compliance and compensation. We see blockchain and distributed ledger technology as transformative for the myriad of business processes that drive and deliver insurance throughout the world. It is incumbent to us to work with our clients and partners on blockchain.”
Real Use Cases
“Our team was pleased to contribute to this project for VUE Software, enabling us to apply research and learning from FinTech and blockchain to real use cases in insurance,” comments Stephanie Castro, NYU Stern MBA’18 and Team Lead for the VUE Software blockchain project. “Blockchain-based applications will impact many industries, particularly insurance and finance, and we view this project as a complement to our business education.”