“We have seen Proof of Work (POW) run its course and expose its limitations. I believe Proof of Stake (POS) will play a major dominant role in the market moving forward, in particular loans and deposits, superannuation and value asset exchange, which will essentially mean that a more stable and flexible financial instrument will become more visible. I am excited for what’s to come in 2017.”
McAlister believes it is necessary for the industry to assume a proper formation, which one starts becoming adjusted.
For the insurance industry, a trust and efficiency engine like Blockchain technology has the potential to drive radical change while improving transparency and outcomes across the entire value chain. Obviously, it has become the early adopter of such technology, but in this field, it will require uncomfortable transparency and price corrections in their business models. So it still need find ways to innovative and survive. The top 10 insurance brokers in the U.S. control the lion’s share of revenue for originating and placing insurance, a process that labors under an unnecessary burden of friction, regulatory pressure, and agency issues, for which blockchain is well-suited to help the industry modernize.
Blockchain, which is a form of mutualized record-keeping in a near irrevocable time-stamped ledger, to maintain a continuously growing list of records. A blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. By design, blockchains are inherently resistant to modification of the data. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks and a collusion of the network majority. Functionally, a blockchain can serve as "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. The ledger itself can also be programmed to trigger transactions automatically."
A blockchain-based claims validation network can serve as a utility benefiting the entire industry by recording in a semipublic blockchain ledger the physical status of an insured asset, which in turn could help improve insurance penetration and adoption rates in emerging and developing markets.
However, the future of Blockchian application truly has never been brighter.
Shuqin Tech has developed an open middle tier, by fusion up the technical advances for blockchian and overcome the capacity issue of public blockchain we provided a “Blockchin+” technical solutions, and established a trustworthy electronic certificate service platform - Baoquan.com. Then the blockchain is naturally a fantastic combination with big data, which can provide a clear path for transforming data from row material into a data asset and even further to the data capital. Therefore, the Trustworthy Electronic Certificate service + Blockchain as a Service platform + big data become the main engine of Shuqin’s development.
WHAT WE ARE SEEKING FOR:
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/> WHAT YOU WILL DO:
- Work on the most interesting and challenging problems in the Blockchain space.
- Be a part of a Blockchain team committed to the advancing technology
- Build reusable, modular code liaries for use across Blockchains product line.
- Work on an industry-leading product with big data.
WHAT YOU WILL NEED:
- The foremost quality for this or any position at Blockchain is integrity.
- Experience working with Java, golang and relational databases.
- Thrive on learning new technologies and dont believe in one-size-fits-all solutions.
- Understand how all the pieces fit together (front-end, database, network layer, etc.) and how they impact the performance of your application.
- Familiar with IBM Hyerledger, Ethereum, siacoin or bitcoin.
- Strong attention to detail.
Our website：https://www.baoquan.com/en/
Contact us: js@baoquan.com
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