Insurance marketplace Lloyd's of London supports digital asset protection policies arranged on the Ethereum chain that can be used for local payments on-chain using cryptocurrencies, thanks to Lloyd's underwriter Evertas and smart contract insurance provider Nayms. In addition to the efficiency benefits of using cryptocurrency to pay policies and using blockchain to simplify the onerous paperwork of intermediaries, the Lloyd's of London consortium supports crypto-native on-chain insurance.
The US Senate Armed Services Committee has directed Secretary of Defense and retired General Lloyd Austin to test the potential use of blockchain technology in supply chain management and other national security applications within the US Department of Defense. The US Senate Armed Services Committee released a report on the National Defense Authorization Act (NDAA) for fiscal year 2025 on July 9, which includes specific authorizations for the Army, Navy, Air Force, and overall defense programs. ...