News+

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 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.

Subscribe to The Block News+ to
Unlock this Feature

Choose Your Plan

Save $ vs. paying monthly

Annual

$
per year
Join Now

Monthly

$
per month
Join Now

Questions?

If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Trending Stories

More