Legal & General to Move Pension Annuities to Blockchain via Amazon Web Services

Legal & General to Move Pension Annuities to Blockchain via Amazon Web Services

The UK insurer, Legal & General, is reportedly making moves for pension annuities paid to pensioners to move permanently to blockchain via Amazon Web Services (AWS). Pension annuities usually last for several years. They could go on for up to 50 years. It is only normal for a contract that lasts that long to be registered in an unalterable and secure platform. And which platform offers such level of transparency and security today besides blockchain?…

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Amazon Releases Two Products for Blockchain Creation and Management

Amazon Releases Two Products for Blockchain Creation and Management

On Wednesday November 28, at AWS Invent, Amazon Web Services, Inc. (an Amazon.com company) announced two new technologies for businesses that require full auditability: Amazon Quantum Ledger Database and Amazon Managed Blockchain. With the downtrend in cryptocurrencies throughout 2018, more and more mainstream corporations are adopting the power of blockchain technology outside the narrow tunnel of cryptocurrencies. Companies such as Unilever and Walmart are implementing blockchain technologies in their supply-chain programs. Banks and financial institutions…

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