for an Evolution of Claims Transparency, Efficiency, and Reliability in Internet of Vehicle (IOV) BiiLabs Co., Ltd. and TransIOT today announced their joint venture project to boost the blockchain/ distributed ledger technology (DLT) usage-based insurance (UBI), also known as the pay-as-you-drive (PAYD) insurance or pay-how-you-drive. The venture leverages TransIOT’s expertise in vehicle telematics and BiiLabs’ DLT…

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