Membership in the
EY, Guardtime, A.P. Møller-Maersk, Microsoft and insurance industry leaders Willis Towers Watson, XL Catlin, MS Amlin and ACORD announced that members of the marine industry are using Insurwave, a blockchain platform to support marine hull insurance. Insurwave, built by a joint venture between EY and Guardtime, will support more than half a million automated ledger transactions and help manage risk for more than 1,000 commercial vessels in the first year.
EY was also honored for the Citizen Intelligence Solution and the application to child welfare from more than 2,600 entrants across 115 countries worldwide. The solution was built on the back of the work EY is delivering in
"The EY and Microsoft alliance jointly develops innovative digital solutions that drive long-lasting client value. These distinguished awards recognize the value, focus on innovation and exceptional use of Microsoft's digital technologies that EY brings to help EY clients reap the benefits of digital transformation. We will continue to bring exciting new solutions to market that leverage the combined strengths of our organizations."
"We are delighted to welcome EY into the elite 2018/
The EY and Microsoft alliance combines deep EY insights and experience in disruptive industry trends, new business models and evolving processes with Microsoft's scalable, enterprise cloud platform and digital technologies. Together, EY and Microsoft are collaborating to help accelerate digital strategy and make it a reality for enterprises to thrive in a digital world.
Recently, EY announced blockchain initiatives with Microsoft including a blockchain solution for content rights and royalties management; the world's first marine insurance blockchain platform; blockchain for automotive services and a suite of blockchain audit technologies that enhances the ability to perform an in-depth review of cryptocurrency business transactions.
To learn more about the EY and Microsoft alliance, visit ey.com/microsoft
Notes to editors
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of
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