The blockchain application has been presented at the Bitcoin & Blockchain event in Athens. George Theofilis, co-founder of “Synaphea”, has explained that this application is designed to be used by insurance companies. At an early stage, it will connect the internal interface of an insurance company to insurance agents by distance. In an interview to the Coinidol, George Theofilis said: “We intend to create a secure network for exchange information insurance companies and their clients”.