Insurance giants and startups alike are seeking to use blockchain technology to prevent insurance fraud, digitally track medical records, increase the efficiency of insurance functions as well as interoperability in the health insurance ecosystem.

While blockchain technology has been subject to extreme hype, its true killer applications are to be found in some of the most traditional industries out there. And it has the ability to be a transformative force for industries like insurance, which require the coordination and cooperation of many different intermediaries with different incentives.

Joining us on today's show is Prof. Dr. Alexander Braun, from the Institute of Insurance Economics at the renowned University Of St. Gallen. We explore the possibilities of blockchain for incumbents and new applications being developed by insurtech start-ups. Finally, we address some major issues facing the adoption of blockchain technology and the security threat posed to proof-of-work consensus algorithms.

Prof.Dr. Braun is also sharing some very interesting research projects undertaken by his institute and one of his favorite project in the crypto space, so make sure to listen till the end! 

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Episode links
Alexander's Linkedin: https://www.linkedin.com/in/alexander-braun-6b6697a/
Alexander's E-mail: alexander.braun@unisg.ch
University Of St. Gallen Insurance Economics Institute: https://www.ivw.unisg.ch/en/