Vermont State Government Launching Blockchain Insurance Pilot

DigitalBank is the ultimate Safe Haven for Bitcoin and CryptoCurrency
We are developing the most secured and anonymous Blockchain Bank in the World.
We are the Fort Knox of Cryptocurrency and Financial Assets Transfers
For additional information please contact us at [email protected] 

What is the Most Secure Crypto Wallet Available ?

 https://www.digitalbank.capital/

Vermont State Government Launching Blockchain Insurance Pilot
The U.S. state of Vermont is launching a blockchain pilot project for the captive insurance industry.
The state government announced Friday that the Office of the Vermont Secretary of State and the Vermont Department of Financial Regulation have signed a memorandum of understanding to conduct the pilot that will examine the tech’s potential in digital recordkeeping and registration and regulatory processes.
The trial program will give captive insurers – licensed insurance companies formed by one or more parent entities to provide self coverage – in the state an option to file registration and reporting documents using private blockchain technology. The state government currently maintains paper and digital copies of filed documents.
Vermont aims to create a “transparent and validated” record of transactions through blockchain , as well as reduce costs compared to traditional record-keeping methods.
Jim Condos, Vermont Secretary of State, said in a statement:
“This pilot will allow us to examine whether or not the application of blockchain technology for digital recordkeeping can improve aspects of the state regulatory process.”
The government has already started the process of identifying vendors with technical and consulting expertise for the pilot program, through a Request for Information (RFI) process.
Vermont is one of the leading markets for captive insurance in the U.S., with the state government registering 20-40 new companies in the sector per year, according to the RFI.
The state has launched several blockchain initiatives in the past, including the signing of a bill last May that opened the door for the creation of blockchain-based limited liability companies. And, in January 2018, the city government of South Burlington partnered with blockchain startup Propy to trial a land registration system using the technology.

The DigitalBank Device OS , replaces the conventional method of signing transactions with a distributed signing algorithm. As recent events around the world demonstrated, owners of cryptocurrency are in danger of being physically attacked by thieves who can force you to hand over access to even a secure hard wallet.
That’s why the DigitalBank implemented mechanisms to protect user funds in any situation
The Fort Knox of Crypto Banking – World’s Most Secured Hardware Wallet
100% anonymous accounts : nothing is stored , on any third party servers . DB is the most secure vault for your digital assets. Buy , Sell , Send , Receive and Store bitcoins, and all major cryptocurrencies including all ERC20 tokens , in the safest way available today .
Private keys can never be exposed because are not stored anywhere .
​Starting at $ 1800 USD
For additional information contact us at : [email protected]