Insureblocks Blockchain & Smart Contracts In Insurance

As smart contracts adoption on the blockchain continue to grow, ensuring end to end security is becoming more important. Oracles, trusted source of data, are increasingly seen as the weakest link in blockchain. In this podcast, Johann Eid, Product Manager and Developer Evangelist, at Chainlink  explains to us the role decentralised oracles can have in providing this end to end security.   What is blockchain? Blockchain is essentially a decentralised ledger. It is transparent and can be public in a similar manner as to Bitcoin. Decentralised, transparent and permissionless technology such as blockchain can have a tremendous impact in the way people interact between each other. Bitcoin was the first type of blockchain before it was followed up with Ethereum. With Ethereum you can develop applications on top of the blockchain thus enabling new ways for people to interact with each other.   What is a smart contract? Contracts are useful when two people who don’t necessarily trust each other want to interact wit