Hong Kong Insurers Dey Use Blockchain & AI After AXA Come Back
Hong Kong Financial Secretary Xu Zhengyu tok say for local insurance companies dem go use advanced technology like AI, big data and blockchain tech to help transform di insurance industry. AXA don be di first insurer wey re-register for Hong Kong, wey align with regulatory efforts to make di local insurance sector strong. Dis move show Hong Kong dey push for blockchain tech make everything transparent and efficient. Insurance companies dem go follow digital solutions to make risk assessment, customer service and product innovation beta. Di re-registration of AXA show say dem trust Hong Kong regulatory system and e fit make more tech-driven plans enter di insurance industry.
Neutral
Even tho di announcement say Hong Kong insurers go use blockchain technology and say AXA don re-register for di obodo highlight say di institution dem dey interested well well for blockchain applications, e no dey directly affect cryptocurrency markets or token values. Di news fit encourage beta regulatory and technological environment for blockchain-based projects, but e no get immediate effect on how crypto dey trade or di price dem. For history, when financial institutions adopt blockchain e dey help di long-term trust for di technology, but market reactions for short-term dey usually small. So, di overall effect on crypto trading activity na neutral.