Why the Danish Red Cross put a volcano catastrophe bond on a blockchain

Why the Danish Red Cross put a volcano catastrophe bond on a blockchain

Quick Take The Danish Red Cross has teamed up with blockchain startup Replexus to issue the first-ever blockchain-based catastrophe bond. So-called cat bonds let the relief organization raise money that can be spent immediately in the event of a disaster. But why does the bond need a blockchain? This feature story is available to subscribers …

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