Insureblocks Blockchain & Smart Contracts In Insurance

Andrew Speers, Director of Product and Innovation at RBS, is passionate about user experience and developing customer centric propositions. In this podcast he discusses the important role blockchain can help as an enabler of other technologies to delivering great user experiences within the financial industry and beyond.   What is blockchain? Andrew recognises that there is no standardised definition to blockchain and his definition comes from as a business user instead of a technologist, engineer or coder. Blockchain is just a distributed ledger technology (DLT). That DLT sits on top of the internet. It is a network of nodes. A node has a unique identity and it stores data.   Applications are built on that network like apps in the app store. Nodes can participate in one or many apps, depending on the blockchain. Andrew reminds us of a few more truth regarding DLTs: Not every DLT needs a blockchain Not every DLT has a crypto asset or crypto currency attached to it Not every DLT   Disruption within