Cork Protocol co-founder Phil proposed a shared ledger for insurance data reconciliation in real time

Cork is capital markets infrastructure for insurance risk, turning what a carrier or MGA underwrites into tokenized participation for institutional investors. Positions are fully collateralized and structured in familiar forms, from sidecars to transferable participations, with the sponsor as legal counterparty and licensed partners holding the regulated wrapper. Premium and claims flows settle in regulated stablecoins against a shared record, replacing manual multi-party reconciliation while both ends stay on normal banking rails. Policies, participations, premiums, and exposures live on a tamper-resistant ledger that runs beside existing systems, so no single party can rewrite history and positions and collateral stay verifiable in real time. Cork is backed by a16z crypto, OrangeDAO, and Steakhouse Financial.