feature
Why the Danish Red Cross put a volcano catastrophe bond on a blockchain
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.
Quick Take
- The Danish Red Cross has teamed up with blockchain startup Replexus to issue a blockchain-based volcano 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?
The Danish Red Cross uses "cat bonds" to raise cash that can be spent when disaster strikes. Here's why it's now involving a blockchain.
accessprotocol.co
Subscribe for Premium Content
To unlock this and other Premium content, subscribe via Access Protocol. You can pay with SOL.
