ZipBonds.com, a Leading-Edge Surety Bonding Company joins National Corporations in launching Surety Bonds Power of Attorney Phase 2
Des Moines, IA., October 29, 2021 – ZipBonds.com announced their partnership with a group of 27 national corporations to fund and launch the second phase of Surety Bonds Power of Attorney Lab through The RiskStream Collaborative, the insurance industry’s largest enterprise-level blockchain consortium.
Other participants represent leading sureties, brokers, agents, and solution providers.
“Traditionally, when a contractor wants to submit a bid, they must travel to city hall, submit a bid bond or cashier’s check, and jump through hoops to get the bid approved. If you miss one tiny detail, the entire bid is rejected. With this blockchain, you can’t screw it up–it eliminates the potential for human error, prevents fraud, and saves time.” commented Ryan Swalve, co-founder of ZipBonds.
“With this blockchain, you can’t screw it up–it eliminates the potential for human error, prevents fraud, and saves time.”
“We are extremely excited to announce the participants who joined this initiative,” said Sandy Hampel, Director of Commercial Lines Product Management (including Surety Bonds) for the RiskStream Collaborative. “We understand how critical industry collaboration is to bring innovative leaders together to solve key industry pain points with new blockchain-based solutions built by RiskStream.”
“We understand how critical industry collaboration is to bring innovative leaders together to solve key industry pain points with new blockchain-based solutions built by RiskStream.”
For more information read the full press release.
ZipBonds.com is hyper-focused on all types of surety. The intuitive platform provides quick and secure access to thousands of commercial and contract bond options from leading national and regional surety carriers.
About The Institutes RiskStream Collaborative
The Institutes RiskStream Collaborative™ is the risk management and insurance industry’s first enterprise-level blockchain consortium that brings together experts and developers to advance insurance-specific use cases via Canopy, a custom blockchain architecture. The RiskStream Collaborative is committed to equipping organizations to work together to inspire product innovation, enable efficiencies, and open new technological frontiers.