Insurer Beazley is joining forces with blockchain startup Bitfury Group and Risk Cooperative, a U.S.-based speciality insurance broker that develops Lloyd’s of London-backed programs, Reuters reported.

The partnership will focus on building a blockchain registry for managing insurance in crisis situations such as mass shootings. Blockchain infrastructure for the registry will be provided by Emercoin.

Over the years, the U.S. has seen several mass shooting incidents, which could involve many insurance policy holders and lead to several insurance claims. The most recent mass shooting took place in Nevada in October 2017, killing 58 people.

The project partners told Reuters that the blockchain-based registry will enable policyholders and insurers to record and share real-time information about threats and claims through one source, thereby expediting the response to mass casualties. Also, with all transactions recorded in one place, the registry will remove the need for time-consuming audits by underwriters.

The companies are also planning to develop “smart” policies – those which will be stored in blockchain and automatically track premiums, pay claims and keep records. These smart policies will be automatically triggered in the event of a mass casualty, removing claims paperwork for policyholders and reducing settlement process.