Insureblocks Blockchain & Smart Contracts In Insurance

Raghavendra Kulkarni, is responsible for developing new Innovation Strategies and Business Ecosystems at Bosch. In this podcast we discuss not just internet of things (IoT) but also the concept of Economy of Things and how blockchain is an enabler for combining IoT devices to business models.   What is blockchain? How we perceive Blockchain within Bosch. Three aspects to blockchain: Decentralisation Immutability Exchange of consensus - collaboration Web 2.0 has created centralised platform monopolies. Internet of things (IoT) coupled with a decentralised ledger operates well within a decentralised ecosystem. The second aspect is immutability where you can have an immutable trail of an identity or of data. The third aspect is where you have consensus which is driven by collaboration. In principle what Bosch believes in is blockchain as a technology which will enable decentralised algorithmic consensus in the context of things.   What is Internet of Things (IoT)? Raghavendra looks at Maslow’s Hierarch