Insureblocks Blockchain & Smart Contracts In Insurance

Gleb Dudka is a Blockchain analyst at T-Systems and author of the Blockchain Infrastructure Thesis. In this podcast we discuss opportunities for financial services to work with IT service provider in securing the Web 3.0 and exposing themselves to numerous revenue opportunities. We also discuss the differences between proof of work and proof of stake and the role T-Systems play in providing public network infrastructure to the Web 3.0.   What is blockchain? Gleb looks at blockchain from a technical, business and economic standpoint. From a technical standpoint it’s a combination of three key parts: A distributed database that stores information with multiple parties working together on synchronising and keeping the ledger up to date. Smart contracts - scripts and if then functions which allow for executable business logic that sits on top of a shared ledger. Digital assets – tokens which sit on top of blockchain. They play a critical role in incentivising trust-less parties to synchronise and maintai