Blockchain-Oriented Insurance Consortium Chooses EY as Cybersecurity and Risk Management Provider

The Institutes RiskBlock™ Alliance, a blockchain group focused on risk management and insurance market, said on Monday that it was appointing professional services firm Ernst & Young (EY) to be the leading service provider for blockchain-related cybersecurity and risk management guidance. The two services are part of the consortium’s endeavor to trial and implement the technology for different use cases by the end of this year.

Christopher G. McDaniel, president of The Institutes RiskBlock Alliance, commented on the deal:

“We expect that the risk and controls guidance and cybersecurity…