Insureblocks Blockchain & Smart Contracts In Insurance

Dr. Jemma Green is the co-founder and chairman of Power Ledger. Power Ledger is a four year old technology company, with 20 power projects in over nine countries, that facilitate two things - the trading of electricity and the trading of environmental commodities using blockchain technology. In this podcast we discuss with Jemma how their platform is revolutionising the power industry and how it is being used to democratise power.   What is blockchain? Blockchain is a like a database that can be used in many different ways. It is a common record keeping system which creates more efficiencies in the transaction process between counterparties who in the past would have had their own record keeping system. Using a blockchain enables an entry in a ledger to contain both the payment and the physical statement of a digital asset. This reduces the settlement risk or the need to reconcile and settle payments which can be very costly for the transacting parties. With smart contracts, which sit on the blockchain, you