Insureblocks Blockchain & Smart Contracts In Insurance

Shaun Crawford is the Global Vice Chair of Industry at EY and the chairman of Insurwave. It has been nearly a year since Insurwave has launched and since then it has won 8 industry awards. In this episode we discuss some of their exciting learnings from last year’s Insureblock’s podcast and their plans for the future.   What is blockchain? In last year’s episode, Shaun gave us a technical definition of blockchain, this time he defines blockchain in a business optic. In the next few years we are going to see a 10x growth in volume of data produced due to 5G and IoT (internet of things) devices. To help manage all of this data from various sources, blockchain is the best technology to accomplish that. Blockchain can: Confirm the relevance, accuracy, accountability and authenticity of the data Ensure the data provenance of the data Provide reliability and security to the data On the 25thof March, Shaun wrote a blog entitled, “Is 5G the missing piece in the corporate jigsaw” in which he discusses the eno