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

Apr 14, 2021 | The Block News | 0 comments

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?

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