CryptoBLK is extremely excited to announce that MIDAS, a collaborative effort between Hong Kong Federation of Insurers (HKFI) and CryptoBLK, has been nominated for the Emfa-Accenture Innovation In Insurance Awards 2019, which acknowledges the most innovative projects, initiatives and ideas in insurance globally. Let’s rock the vote for MIDAS!
MIDAS is among the 9 best ones in the Connected Insurance & Ecosystems category. The voting is now live and ends on the 17th May. Follow the voting guide as below and cast your vote for MIDAS!
- Visit Voting Page: https://www.efma.com/innovations/nominees19
- Create an account
- Go to category “CONNECTED INSURANCE & ECOSYSTEMS” and select your top 3
- A confirmation pop-up will appear for you to submit the vote!
Jointly developed by CryptoBLK and HKFI, MIDAS is Asia’s first industry-wide production-grade DLT-based motor insurance system to fight motor insurance fraud. Leveraging cryptographic technologies and Blockchain system, MIDAS facilitates the Hong Kong transport department, police force, insurance companies, sub-agents, and all car owners for real-time authentication of the insurance documents of vehicles in Hong Kong. To protect car owners’ privacy, no personally identifiable information is stored on the ledger. CryptoBLK together with HKFI launched MIDAS in last December.