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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.

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