We are jubilant to announce that the Motor Insurance DLT-based Authentication System (MIDAS) has been shortlisted for the Innovation of the Year Award by Asia Insurance Review, which is one of the most prestigious accolades in the industry.
MIDAS is a collaboration between CryptoBLK and the Hong Kong Federation of Insurers that aspires to prevent motor insurance fraud and allow motor insurance documents to be verified and authenticated in real-time by multiple parties including government officials. This project was created with a privacy by design mindset, so that no personal identifiable information (PII) is stored on this platform.
Around 50 insurers, brokers, risk managers, service providers and industry leaders over 800 entries have made it to the list of finalists by a panel of 37 judges for this 23rd Asia Insurance Industry Awards (AIIA). The Awards will be held at the gala dinner on 29 October in Singapore.
Click to explore the award announcement press and the organization: