Insureblocks Blockchain & Smart Contracts In Insurance

Welcome to the first Insureblocks episode! In this "genesis" episode (a punt to the blockchain community, regarding the first block of a chain often referred to as the genesis block) we have a chat with Gary Nuttall, managing director of Distlytics., who explains to us the basics of blockchain. Have a listen to our podcast above or read some of the show notes below. 2 minute definition of blockchain A good starting point is to try and define what is blockchain? Gary takes a very pragmatic approach which recognises that there isn't a formally agreed definition on what is blockchain as there are many different types of blockchains. He tends to describe blockchain in two ways: A protocol - essentially an agreed way of doing business or transactions. So blockchain is a protocol as much as TCP/IP is a technology protocol for the World Wide Web The second and probably easier one to digest, is that blockchain is a write only database which is decentralised, distributed, time-stamped and cryptographically secure