Insureblocks Blockchain & Smart Contracts In Insurance

With the US battling Hurricane Florence and typhoons battering China and the Philippines, the insurance industry is preparing for potential record claims. Handling those claims and, more importantly, helping those affected rebuild their lives is a challenge facing people across the insurance industry. For today’s “Bonus Episode” we will be exploring how blockchain can provide insurance to hurricane afflicted areas. With us we have Renat Khasanshyn, co-founder of Etherisc. Renat is responsible for products at Etherisc, helping people join the Etherisc ecosystem to build their own insurance offering.   Blockchain in two minutes A blockchain is a distributed ledger. By combining security and immutability through the use of cryptographic algorithms, the whole network can be absolutely certain they are accessing the same information. This enhanced trust and security creates numerous potential applications: Implementing checks and balances regarding funds or tokens in an account. Issuing and tracking an insu