# Linux Foundation, Insurance Group Roll Out Platform To Cut Costs Using DLT By Coinness Canonical URL: https://www.tokenpost.com/news/investing/8156 Published: 2021-04-13T09:54:13.000Z Updated: 2021-04-13T09:54:13.000Z Section: Investing > The Linux Foundation and the American Association of Insurance Services (AAIS) have teamed up to create a platform for insurance carriers using distributed ledger technology (DLT). The Linux Foundation and the American Association of Insurance Services (AAIS) have teamed up to create a platform for insurance carriers using distributed ledger technology (DLT). According to a press release on Monday (April 12), the Open Insurance Data Link (openIDL) platform seeks to provide a standardized data repository to ease regulatory reporting and reduce costs associated. [Coinness]() ## Links in this article - [Coinness](https://coinness.com)