Insureblocks Blockchain & Smart Contracts In Insurance

In this week’s episode we will look into how blockchain can reinvent the insurance value chain. Our guest is Risto Rossar, founder of Black Insurance. Risto has over 20 years experience in the insurance industry, having worked in insurance before launchingfive insurtech startups. Now he is focusing on Black, a blockchain-enabled, decentralised insurance marketplace.   Blockchain in two minutes Risto focuses on blockchain’s value proposition, which he believes lies in replacing central authority bodies. Potential candidates include central and traditional banks, government branches, courts and (of course) insurance companies. Blockchain does have a broader range of uses. However, Risto supports that other technologies can achieve these just as well and it is important to ensure the positive aspects of blockchain outweighthe challenges it entails.   Discovering blockchain Risto had been exploring how technology can improve the insurance industry long beforeblockchain. In 2001 he created one of the first onli