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[CUBE NEWS] Korea Post Office, Blockchain Insurance Billing System to Be Introduced

The Korean post office will introduce an insurance claim system that uses blockchain within this year. The Gwangju Regional Public Procurement Service has issued a bidding announcement on March 11, saying that the Postal Service headquarters will introduce computerized billing system using blockchain as a part of information infrastructure construction service.

The post office said it was planning to build a blockchain-based insurance claim system for insurance business in early February. It is a system that can claim the medical insurance benefit by using blockchain. The post office also said that it plans to install computer equipment in preparation for system operation and hospital expansion.

Previously, the post office also signed a business agreement with Jeonbuk Bank of JB Financial Group, for ‘joint development of the fourth industrial revolution field’, including the development of blockchain technology. At the time, the general manager of the post office, said, "The post …

A Contract between Cube Intelligence and e&Co

Cube Intelligence
February 24th 2018

Cube Intelligence is excited to announce that they made a contract with e&Co, a German automobile consulting company, on February 20th. Robert Cooke, the CEO of Cube Intelligence, and Engelbert Wimmer, the CEO of e&Co, signed a contract at the Contract Signing Ceremony between CUBE and e&Co held at Grand Hyatt hotel in Seoul.
e&Co is affiliated with many automobile companies such as BMW and Mercedes Benz of Germany.
Cube expects the agreement will help the company to enter into a global market and work with prominent car companies.

About CUBE

CUBE Intelligence is a company looking to be at the forefront of making autonomous vehicles secure using blockchain technology. Autonomous vehicle tech is improving at a fast pace thanks to so many players in Silicon Valley vying for pole position in what is likely to be an extremely lucrative business. Safety, in terms of the vehicle's ability to get from point A to point B without crashing into each other or other obstacles is one of the biggest concerns for most, and a lot of work is being done to sway public opinion further and further in favour of a driverless future.

The next logical step will be in ensuring that the public feel secure. Self-driving vehicles will be communicating with each other and centralized hubs as well as potentially connecting to users’ phones and other electronic devices for a personalized experience. With all this data being shared, malicious attacks are not only a threat, but a likely scenario. A number of controlled tests have shown just how easy it is for a hacker to gain control of a vehicle's control functions, something which could have fatal consequences.

The threats aren’t just of the passengers’ physical safety, but on their privacy as well. There will be attempts to steal GPS data or insert a virus into a remotely applied software updates, which can lead to harm for the manufacturers, as well.

CUBE is using blockchain to develop a software platform which will ensure that these security threats are nullified. Their OTA (Over The Air Market) technology, set for a Version 1.0 release this year, is the first step towards making this a reality. The OTA software, based on blockchain, will allow cars to be remotely monitored, diagnosed and updated securely. Following that, CUBE plans to integrate an Artificial Intelligence layer to ensure that this technology can learn and adapt to the ever changing threats that hackers pose.
Being involved in so many new and exciting technologies, it is no wonder CUBE has experience early success and has captured the imagination of so many.