Major South Korean insurance firm KB Insurance plans to implement a blockchain-enabled mobile message delivery system for its clients.
According to a June 9 report by industry news outlet Ledger Insights, KB will use the system jointly developed with local telecommunication firm KT Corp starting next month.
The service will at first deliver payment and termination notices to auto insurance customers, but the firm plans to expand it to all its customers. The purpose is to reduce mailing costs and non-delivery of notifications.
