Insureblocks Blockchain & Smart Contracts In Insurance

Mance Harmon, CEO of Hedera Hashgraph has returned to Insureblocks to discuss the exciting news of Google joining the Hedera Hashgraph Governing Council. We also discussed the addition of Hedera’s new service entitled, Hedera Consensus Service, which brings interesting opportunities for enterprise blockchain platforms such as Hyperledger and Corda to embrace the opportunity to create verifiable timestamps and ordering of events to a public level trust.   What is blockchain and what is hashgraph? Blockchain as a term refers to two things: A data structure which is a chain of blocks of transactions A consensus algorithm that enables a community of participants, each of which holds a local copy of that chain of blocks to come to an agreement or consensus on which block to put next on the top of that chain in order for everyone to keep a consistent chain of blocks Unfortunately such a blockchain is designed to be slow for a number of reasons: Proof of work, the use of a really hard cryptographic puzzle,