A KYC platform for the exchange of information between insurance companies Hamon law, the recent French regulation on custom mobility, requires insurance companies to carry out client onboarding in 30 days. At the same time, work with confidential data in Europe is subject to the law of GDPR. Stratumn, together with Deloitte, have tested a system for exchanging client data on a blockchain among 14 insurance companies. As a result, a data storage system was formed, in which all 14 companies had confidence. Moreover, due to cryptographic mechanisms, customer data has not lost its confidentiality.
Blockchain provides trust between platform members and ensures internal confidentiality of information. Source