Insureblocks Blockchain & Smart Contracts In Insurance

Creating a decentralised insurance model with blockchain & smart contracts - Etherisc This week we are taking a broader look on how blockchain can transform the insurance sector. Specifically, we will consider how blockchain and smart contracts can be used to create a decentralised insurance model. With us we have Stephan Karpischek, co-founder of Etherisc. Etherisc is building decentralised insurance applications on the Ethereum blockchain. They began in 2016, pioneering a flight delay application utilising a public blockchain. Currently they are developing over 20 products and will soon release a product covering hurricane insurance for Puerto Rico. Etherisc’s vision is much larger than simply developing its own applications. It is building an open and free protocol for decentralised insurance so that companies can develop their own insurance products using smart contracts.   Blockchain (and Ethereum) in two minutes On a first level, a blockchain is a data structure. On a larger scale, blockchain is an e