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British media: Zhongan insurance uses blockchain technology to raise chickens and realize diversified operation

Time : 26/04/2022 Author : 286jlh Click : + -
        According to British media, a Chinese insurance company is looking forward to changing China's chicken supply chain to use blockchain technology. According to the report on the website of the financial times on March 21, Zhongan online Property Insurance Co., Ltd., established in 2013 by relying on ant financial, Tencent and Ping An insurance, quickly won attention with special products, such as "drinking high insurance". Chinese fans who drink too much and suffer from alcoholism during the football match can be compensated for drinking too much. Zhongan insurance's annual report released this week shows that the company's assets have been continuously expanding, more than doubling in 2017 to 21.2 billion yuan. It is reported that last year, this pure Internet insurance company was listed in Hong Kong and raised 1.5 billion US dollars.
        This is the world's first publicly issued "insurance technology" stock, attracting Softbank of Japan to become its cornerstone investor. Internet insurance companies try to use artificial intelligence and blockchain technology to simplify insurance products and make insurance products more accessible. According to the report, Zhongan insurance rapidly deviated from its initial business and realized diversified operation. One of its latest projects, "step by step chicken", aims at the chicken supply chain in China, which is an experiment of Zhongan insurance before finally promoting this technology to other applications. According to the report, the company uses tracking devices and facial recognition technology to track the activities of free range chickens in hundreds of chicken farms across China, from hatching to packaging. A tracking device is installed on the drumstick, and then the data is recorded in the blockchain ledger. This is an unalterable accounting method and is the basis of cryptocurrencies such as bitcoin.
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