John Hancock’s Lab Of Forward Thinking Kicks Off Blockchain Proof-of-Concept with ConsenSys Enterprise and BlockApps

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John Hancock’s Lab of Forward Thinking (LOFT) has announced a collaboration with ConsenSys Enterprise and BlockApps in LOFT’s first Ethereum Blockchain proof of concept (PoC). Blockchain technologies are a point of focus for LOFT, with the goal of driving internal operational efficiencies and developing new capabilities driven by smart contracts. The purpose of the LOFT PoC is to better track operational procedures associated with a client.

Ace Moghimi, AVP and Head of Innovation, noted:  

“We could not have found a better partner than ConsenSys in accelerating our understanding and our ability to build out applications leveraging this technology. The team is very excited about standing up the infrastructure internally and exploring the possibilities through our business use cases.”

In 2015, John Hancock launched the LOFT, a 6,500 square foot space located at its Seaport area headquarters in Boston’s “Innovation District,” devoted to a culture of innovation and creativity within all facets of the organization. Its objective is to cultivate a high impact environment and provide a centralized resource for employees across John Hancock and parent company Manulife to collaborate and devise new forward-thinking technology solutions for the companies’ various wealth and asset management and insurance business lines.

Igor Lilic, Principal Technical Lead of ConsenSys Enterprise, said,

“The LOFT group is a model example of innovation within the enterprise:  bright, enthusiastic teams tasked with understanding new technologies and who aren’t afraid of getting their hands dirty by building prototypes. We are incredibly enthusiastic about John Hancock’s commitment to the blockchain ecosystem and we look forward to continued collaboration as LOFT builds smart contract based platforms.”

Kieren James-Lubin, Chief Product Officer of BlockApps, said,

“LOFT is just that – an organization focused around forward thinking. They are building the technical knowhow and internal stakeholder support that will allow John Hancock to be a disruptor rather than a disruptee as the blockchain revolution materializes. We are extremely enthusiastic about our partnership with LOFT.”

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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