Incorporated in 2018, it made the leap from a consortium to an independent company, in order to commercialize some of the solutions it had developed and is 100% owned by 16 insurance market participants around the world. Its founding shareholders include Aegon, Allianz and Munich Re, as well as Swiss Re, Tokio Marine, XL Catlin and Zurich.

This Distributed Ledger Technology initiative focuses on multi-company syndicated risk placement, accounting, and claims, which can eliminate the duplication of data across applications, systems, and parties – along with the friction generated by duplication and degradation of quality. It provides a “single source of truth”, thus removing the need for traditional data transformation or integrations.

The legislation from Drug Supply Chain Security Act (DSCSA) requires drugs to be serialized and traceable, with a deadline for returns in November 2019.

MediLedger aims to be the consortium to solve misalignments that happen between contracting and chargebacks in the pharmaceutical industry.

The volume of returns is massive, though it represents only 2-3% sales. A conservative figure often used is $6 billion. MediLedger’s protocol aims to eliminate friction by connecting the disparate parties on a common blockchain-based network, which will then automate the contract reconciliation and chargeback processes.

Being built by Microsoft, the infrastructure, known as the Identity Overlay Network (ION), which will go on top of the Bitcoin blockchain, is based on an evolving set of open standards developed in conjunction with the Decentralized Identity Foundation.

Working together, Mastercard and Microsoft’s aim was to give people a secure, instant way to verify their digital identity with whomever they want, whenever they want.

The goal of such decentralized networks is to remove the control that apps, services and organizations have over digital identifiers such as email addresses and usernames.

Consortium founded in early 2018 by leading automakers representing more than 80 percent of global auto manufacturing by volume.

This is a different model that is unnatural to many: Competitors, suppliers, regulators, government agencies, and other consortia themselves will all convene around the same table.

Its focus varies from payments, data tracking, and supply management, to consumer finance and pricing, and more futuristic areas like autonomous vehicles and ride-sharing systems.

“Blockchain and related trust enhancing technologies are poised to redefine the automotive industry and how consumers purchase, insure and use vehicles” Chris Ballinger, who is MOBI’s first chairman and CEO

The consortium's system, known as Aura, makes it possible for consumers to access the product history and proof of authenticity of luxury goods — from raw materials to the point of sale, all the way to second-hand markets. It will also offer ethical and environmental information, instructions for product care and warranty services.

LVMH intends to offer the service in a white-label form to other brands including the group’s competitors.

Blockchain allows a group of stakeholders to coordinate on a shared database for their common use. It creates a source of instantly verifiable information among this group, reducing the frequently substantial costs of communicating and reconciling data across different sources.

Together with smart contracts, it allows participants to commit to future actions and outcomes using code to enforce them. This reduces the risk of one of the parties reneging on a previous agreement, and also reduces the cost of enforcing these agreements. It also enables stakeholders to retain local control of their data, thereby balancing bargaining power among participants. It better allows these stakeholders to capture the value they create.

Blockchain reduces many of the issues around data custody and property rights. The distributed nature of the ledger implies that organizations can contribute data to the collaboration without the concern that they will lose custody altogether. Data owners can enforce their own data use and access requirements, without needing to rely on behavior modifications and/or monitoring of others.