Insureblocks Blockchain & Smart Contracts In Insurance

Dr. Marcus Schmalbach is the CEO and co-founder of Ryskex, a provider of a blockchain-based ecosystem for alternative risk transfers and innovative insurance solutions. In this podcast we discuss Risk Transfer 2.0 from a perspective of how to use blockchain and AI solutions for new and emerging risks.   What is blockchain? Candidly, Marcus, Googled what is blockchain to get the following definition: “a decentralised distributed and public digital ledger that is use to record transactions across many computers”. However from his personal point of view, blockchain is an upcoming and interesting technology for the insurance market that will have a great impact on that industry.   What is Ryskex and what is its vision? Ryskex stands for risk exchange. It offers a hedging platform focusing on emergent and non-insurable risk in a b2b ecosystem. They bring together risk managers of traditional insurance companies or captive owning companies and institutional investors who have a risk appetite. Ryskex uses both b