According to the news from Shanghai Securities Journal, Shanghai Stock Exchange (SSE) and the Insurance Asset Management Association of China (IAMAC) have agreed to improve the insurance and pension industries via blockchain technology. As is known, SSE, the fourth largest stock exchange in the world, has established cooperation with several major insurance companies, including IAMAC, Changjiang Pension Insurance Co.,Ltd, Tokyo Ocean Sunshine, etc., with a view to creating a new, efficient, low-cost and more secure insurance industry.