B3i Risk Report

🛡️ Financial & Liquidity

B3i faced significant financial challenges, ultimately leading to its insolvency. The company was unable to secure new funding, which played a critical role in its decision to cease trading. This financial instability was a substantial blow to its operations and future initiatives.

• B3i entered insolvency 🗓 July 28, 2022, after failing to raise new capital.
• Major insurers withdrew from the B3i blockchain consortium 🗓 July 28, 2022, signaling a lack of confidence in its financial viability.
• B3i officially ceased trading following its filing for insolvency 🗓 July 29, 2022.

📜 Innovation & R&D

B3i has been actively engaged in the innovation space, particularly within blockchain solutions for the insurance industry. Despite its financial troubles, B3i announced a partnership with Tata Consultancy Services to develop cutting-edge blockchain applications, highlighting continuous efforts in innovation.

• TCS and B3i announced a partnership to launch innovative blockchain solutions for the insurance industry 🗓 January 17, 2023.
• B3i's reinsurance blockchain prototype was launched for testing 🗓 September 12, 2017, indicating early entry into innovative tech in insurance.
• B3i launched a working reinsurance blockchain prototype 🗓 October 9, 2017.