MetLife to integrate Smart Contracts and blockchains in claims process

According to the latest report, insurance company MetLife is looking forward to overhauling the process of claims in life insurance by employing the blockchain of Ethereum. Moreover, MetLife’s incubator LumenLab is reportedly getting into partnership with a media group Singapore Press Holdings and an insurance cooperative NTUC in order to release Lifechain, a smart contract developed by Ethereum. Previously, for a mobile application Vitana, MetLife used the public ledger and blockchain technology supported by the Ethereum to pay out claims to pregnant women who acquire gestational diabetes. The new platform Lifechain will be similar to Vitana. Zia Zaman, the CEO