June 12 - 10:06
Legal & General and Amazon build blockchain system for pension deals
Blockchain has found its first use case in the corporate pensions industry. UK-based Legal & General (L&G) has partnered with Amazon and will use AWS Managed Blockchain to manage bulk annuities. The service will be launched outside of the UK and US initially but will eventually be targeted at those markets. Blockchain suits “the long-term nature of annuities business", said an L&G spokesperson.
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