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John Hancock’s Lab Of Forward Thinking begins blockchain Proof-of-Concept with ConsenSys Enterprise and BlockApps


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 John Hancock Financial and Manulife
John Hancock Financial is a division of Manulife, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife in Canada and Asia, and primarily as John Hancock in the United States, our group of companies offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Assets under management and administration by Manulife and its subsidiaries were $935 billion (US $676 billion) as at December 31, 2015. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com

About ConsenSys
ConsenSys is a venture production studio that specializes in decentralized applications (DApps), enterprise solutions and developer tools for blockchain ecosystems, focused primarily on Ethereum. Powered by smart contracts, and secured through encryption, our applications provide the benefits of transparency, auditability, and immutability that are unique to blockchain-based solutions.
consensys.net

About BlockApps STRATO
BlockApps STRATO is the full-stack Ethereum blockchain infrastructure solution that allows developers to build highly scalable industry-specific blockchain applications.
Developed in Haskell, with proven reliability in financial applications, BlockApps STRATO enables high transaction throughput, faster transaction settlement times, and turing-complete blockchain ledgers.
The BlockApps team is also responsible for EthereumH, the Ethereum compliant Haskell protocol.
blockapps.net

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