{
  "trx_id": "bf82bb61d1403e764fa684d9d2b512225dcc202e",
  "block": 31256222,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-03-18T08:26:06",
  "op": [
    "comment",
    {
      "parent_author": "galmo",
      "parent_permlink": "blockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-galmo-20190318t082606000z",
      "title": "",
      "body": "Congratulations @galmo! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@galmo/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@galmo) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=galmo)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/drugwars/@steemitboard/drugwars-early-adopter\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmYGN7R653u4hDFyq1hM7iuhr2bdAP1v2ApACDNtecJAZ5/image.png\"></a></td><td><a href=\"https://steemit.com/drugwars/@steemitboard/drugwars-early-adopter\">Are you a DrugWars early adopter? Benvenuto in famiglia!</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}

{
  "trx_id": "90a449f8c3e9af8ac27451d57ef1829ef817d185",
  "block": 20777164,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-03-18T07:33:42",
  "op": [
    "comment",
    {
      "parent_author": "galmo",
      "parent_permlink": "blockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-galmo-20180318t073342000z",
      "title": "",
      "body": "Congratulations @galmo! You have received a personal award!\n\n[![](https://steemitimages.com/70x70/http://steemitboard.com/@galmo/birthday1.png)](http://steemitboard.com/@galmo)  1 Year on Steemit\nClick on the badge to view your own Board of Honor on SteemitBoard.\n\n> Upvote this notificationto to help all Steemit users. Learn why [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notifications.png\"]}"
    }
  ]
}

{
  "trx_id": "e5bd219622299d9bd4703e7502a5af2713cc5e68",
  "block": 14400775,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-08-08T17:20:48",
  "op": [
    "comment",
    {
      "parent_author": "galmo",
      "parent_permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "author": "latodere",
      "permlink": "re-galmo-the-first-stop-in-the-blockchain-revolution-banking-and-financial-services-20170808t172113484z",
      "title": "",
      "body": "Interesting thoughts",
      "json_metadata": "{\"tags\":[\"blockchain\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "9e0c2d799e02afcee7e0047dbd3f848e146e44fc",
  "block": 14398430,
  "trx_in_block": 11,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-08-08T15:23:30",
  "op": [
    "comment",
    {
      "parent_author": "galmo",
      "parent_permlink": "introduction-to-the-technology-that-will-change-the-world-as-we-know-it",
      "author": "blacdanalbe",
      "permlink": "re-galmo-introduction-to-the-technology-that-will-change-the-world-as-we-know-it-20170808t152356496z",
      "title": "",
      "body": "Good thoughts",
      "json_metadata": "{\"tags\":[\"blockchain\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "0000000000000000000000000000000000000000",
  "block": 12484718,
  "trx_in_block": 4294967295,
  "op_in_trx": 0,
  "virtual_op": 60,
  "timestamp": "2017-06-03T02:25:18",
  "op": [
    "curation_reward",
    {
      "curator": "galmo",
      "reward": "53.870261 VESTS",
      "comment_author": "notsofast",
      "comment_permlink": "4-ways-to-secure-your-bags-bitcoin-altcoins-cryptoasset-tokens-whatever-a-notsofast-security-primer"
    }
  ]
}

{
  "trx_id": "29f5a8e80cb6e93f7de89eb92ed1c4953193eca8",
  "block": 12285042,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-05-27T03:54:54",
  "op": [
    "vote",
    {
      "voter": "galmo",
      "author": "notsofast",
      "permlink": "4-ways-to-secure-your-bags-bitcoin-altcoins-cryptoasset-tokens-whatever-a-notsofast-security-primer",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "d6067502a93572b937fdc4a44fe372da4a53f1fd",
  "block": 12014406,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-05-17T18:08:00",
  "op": [
    "vote",
    {
      "voter": "blockcitynews",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "0caad0669b12e30fe8688d92b9b72cfca3877dce",
  "block": 11127705,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-16T22:40:12",
  "op": [
    "vote",
    {
      "voter": "galmo",
      "author": "the-bitcoin-dood",
      "permlink": "10-tips-to-get-you-started-trading-altcoins",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "2ea602ec85dc7b896d80001cf60f7b0ed955c01a",
  "block": 10892307,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-08T18:20:09",
  "op": [
    "vote",
    {
      "voter": "manycoolthings",
      "author": "galmo",
      "permlink": "blockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "598dd7a44e966bf9efb94e6d6f6ff99501ec57c8",
  "block": 10890233,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-08T16:35:18",
  "op": [
    "vote",
    {
      "voter": "sqube",
      "author": "galmo",
      "permlink": "blockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem",
      "weight": 100
    }
  ]
}

{
  "trx_id": "aefcac5e9f809dcdf22f0bd7066ceb9b015d92f0",
  "block": 10890232,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-08T16:35:15",
  "op": [
    "vote",
    {
      "voter": "cathynsons",
      "author": "galmo",
      "permlink": "blockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem",
      "weight": 100
    }
  ]
}

{
  "trx_id": "7ac00f3e22e40a111bbd2057f975159e3a12d683",
  "block": 10890081,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-08T16:27:42",
  "op": [
    "vote",
    {
      "voter": "bedroomshaman",
      "author": "galmo",
      "permlink": "blockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "a2337a00d10b0a9f723a0828973a5f3d873cdb38",
  "block": 10889820,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-08T16:14:39",
  "op": [
    "vote",
    {
      "voter": "galmo",
      "author": "tsmykowski",
      "permlink": "re-galmo-blockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem-20170408t154836292z",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "74b950028daf4a235fe357d77a1f99d285a9860e",
  "block": 10889713,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-08T16:09:18",
  "op": [
    "vote",
    {
      "voter": "sassal",
      "author": "galmo",
      "permlink": "blockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "190f408e03e34f00077c3f20ebb1b36890c15f0c",
  "block": 10889299,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-08T15:48:36",
  "op": [
    "comment",
    {
      "parent_author": "galmo",
      "parent_permlink": "blockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem",
      "author": "tsmykowski",
      "permlink": "re-galmo-blockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem-20170408t154836292z",
      "title": "",
      "body": "Yes! I have been saying this! Buckle up and hold on! The more ways we find to adapt Bchain tech to existing models it will accelerate, to the point the old system, our current state, will seem obsolete and barbaric. Thank you!",
      "json_metadata": "{\"tags\":[\"insuretech\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "0c7af53bc47bd46c9a66acd55ee471dfbaeecab7",
  "block": 10889169,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-08T15:42:06",
  "op": [
    "vote",
    {
      "voter": "tsmykowski",
      "author": "galmo",
      "permlink": "blockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "a689dca39c79fe3065734ac38ff26ac977605e34",
  "block": 10889149,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-08T15:41:06",
  "op": [
    "vote",
    {
      "voter": "galmo",
      "author": "cheetah",
      "permlink": "cheetah-re-galmoblockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "ead2e1377fa9839a92e83567be5e521d1f4ff197",
  "block": 10889142,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-08T15:40:45",
  "op": [
    "comment",
    {
      "parent_author": "galmo",
      "parent_permlink": "blockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem",
      "author": "cheetah",
      "permlink": "cheetah-re-galmoblockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem",
      "title": "",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.linkedin.com/pulse/blockchain-insurance-how-re-imagine-existing-gal-mordechai",
      "json_metadata": ""
    }
  ]
}

{
  "trx_id": "6681189e500352a66b8ecbfae4683721e7373b47",
  "block": 10889141,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-08T15:40:42",
  "op": [
    "vote",
    {
      "voter": "anwarabdullah",
      "author": "galmo",
      "permlink": "blockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "9d00f45b9b2fe2bb89e2eedb91759aa9dc1002fb",
  "block": 10889141,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-08T15:40:42",
  "op": [
    "vote",
    {
      "voter": "cheetah",
      "author": "galmo",
      "permlink": "blockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem",
      "weight": 100
    }
  ]
}

{
  "trx_id": "b4312537ac4089fddd24938e49a147c9ec50c0dc",
  "block": 10889132,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-08T15:40:15",
  "op": [
    "vote",
    {
      "voter": "galmo",
      "author": "galmo",
      "permlink": "blockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "b4312537ac4089fddd24938e49a147c9ec50c0dc",
  "block": 10889132,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-08T15:40:15",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "insuretech",
      "author": "galmo",
      "permlink": "blockchain-and-insurance-how-to-re-imagine-the-existing-insurance-ecosystem",
      "title": "Blockchain & Insurance, how to re-imagine the existing Insurance ecosystem",
      "body": "![Insurance.jpeg](https://steemitimages.com/DQmTgTF8tFSQMmZxnd7MFaDzeeGRb9iMZQ5JcB3RCL84ofQ/Insurance.jpeg)\nAs executives from various industries gain a better understanding of Blockchain’s capabilities and benefits, they begin to explore how they can leverage this exciting emerging technology. Within these exploration efforts, Insurance organizations are increasingly active, more than other industries, in gaining a better understanding of the tremendous impact the technology may have on their ecosystem. As a result of incumbents’ interest in the nascent technology, many startups have emerged within the insurance space to try to disrupt or optimize the industry’s existing business model and processes. As I have done before with the Banking and Financial Services space, in this post I would explore several interesting questions such as: Why are insurers interested in blockchain technology? How will this new technology impact the Insurance industry? What will be the new business models that emerge and what are Blockchain’s unique capabilities? Who are the current disruptors within the Insurance space?\n\nWhy Blockchain is so valuable for insurance?\n\nBlockchain attracts a wide range of insurance stakeholders due to its multiple relevant capabilities. First, since insurance is a client-facing industry, stakeholders can program and design their Blockchain applications to be easier to use than existing insurance applications improving dramatically the customer experience norms within the industry. The importance of customer experience was highlighted by the impressive adoption of the insuretech startup, Lemonade, whose main focus is to ![](https://steemitimages.com/DQmSTLoZskq1FMafHZd91VDojSLkFN6fGbeUhgcSN3tUhEs/image.png)reduce existing friction. Furthermore, blockchain technology enables members’ accessibility to policies acquisition and claims anytime, anywhere.\n\nIn addition, by taking advantage of the Blockchain’s features—such as near-zero transaction costs, automation of processes, and elimination of middlemen and their associated intermediary fees, insurers can dramatically reduce the associated policy origination and sales costs. As a result, existing manual intensive processes will become much more efficient and this could transform the insurance industry into a customer-friendly, and efficient ecosystem turning it to a much more attractive for all participant. Furthermore, blockchain techno can increase the industry’s ability to reach underserved clients as existing challenges in providing microinsurances will be completely removed.\n\nFurther efficiencies are also possible through blockchain technology. Based on the technology’s capabilities, policies could be created on a secured, digital, stable, transparent, resilient and fast platform without any capacities constraints (all of these will be possible once the scalability and interoperability aspects which I described on earlier posts will be solved). These will enable stakeholders to minimize delays, human error and data duplication which continues to negatively impact the industry. Furthermore, pre-programmed, event-triggered smart contracts will drive costs further down through automatic claim processing and a reduction in fraud.\n\nBlockchain can also improve risk assessment and pricing due to better accessibility and transparency of information among stakeholders. A distributed ledger means that participants will be exposed to all relevant information under the relevant protocol rules. This means that providers will be able to get real-time, individualized, trustworthy data feeds about their members. Hence, insurers’ actuarial models and risk evaluations will be improved substantially. Moving forward, as Internet of Things (IoT) devices and multiple sensors will be integrated into the platform this data will be even more accurate which will further improve these risk calculations.      \n\nFinally, as a distributed ledger platform in which identities can be anonymous, yet verified (once the developments around digital identities are achieved), the technology is ideal for auditors and compliance officers as all the transactions and relevant information is transparent to any permissioned stakeholder. These features, especially in a highly regulated environment such as insurance, promise important benefits to a wide range of entities within the insurance ecosystem.\n\nReimagining the current insurance business model\n\nIt is not a secret that the traditional insurance business model is undergoing a major shift nowadays, with more than 300 Insuretech startups which recognize the multitude of possibilities to improve existing cumbersome insurance processes. As a result, the latest CB Insights and KPMG Venture Capital Investment in Fintech report, highlighted Insurtech as one of the top industries in terms of VC investment in Q2 2016.\n\nOne key innovation in insurance that has enjoyed increasing popularity recently is Peer-to-Peer (P2P) insurance. Following Rick Huckstep’s  from InsureTech weekly, this innovation could be split into three distinct business models. Around 2010, the Distribution Model reinvented the insurance value chain with the emergence of companies such as, Friendsurance and So-Sure, that position themselves as middlemen between members’ specialized insurance pools and existing carriers. Doing so, these intermediaries act as the carriers’ direct customers and negotiate for lower rates for their members due to their larger size. As intermediaries, these insurance pools divide their collected premiums to cover small claims, and the rest is used to cover larger claims based on their better rates. This enables the new insurance providers to redistribute collected premiums to members in the event that there are resources left at the end of the year. This new model, in addition to a better customer experience, makes these companies much more attractive to members.  \n\nAround 2014, another new insurance model was introduced according to Huckstep, the Carrier Model. Here, new insurance players, such as Guevara, act as carriers. They replace the traditional carriers by dividing members’ premiums into two pools, one for the members’ specialized insurance group, which covers smaller claims and the second to an overarching cross-company pool which covers larger claims. This means that the new carriers can redistribute their members’ premiums too in case their pool (members who acquired similar policies) did not claim the entire fund’s pool throughout the year. This original incentive generates a social pressure on pool members, which based on behavioral economics theory, reduces the total amount of claims from members throughout the year.\n\n And then enters the Blockchain…\n\nBlockchain technology is a key enabler for the third wave of innovation, the Self-Governing Model. In addition to facilitating the above-mentioned benefits, the emerging technology also allows for the creation of an insurance platform that can be governed by its members without any intermediaries. These decentralized platforms disintermediate the existing insurance business model by replacing the existing carriers with policy-based marketplaces that enable the creation of “trust pools” around specific policies. Blockchain technology enhances the existing insurance model because it enables operations on a much larger scale, while providing additional functionalities (e.g., members vote on group’s decisions, accessibility, security, privacy, fraud reduction, and more).\n\nAnother model that will be enabled through blockchain is a Distribution Model 2.0. Here, the model that Friendsurance and So-Sure use currently could be improved and expanded upon globally to a more robust, trustworthy, and cheaper platform than what is currently possible. This approach could be very attractive to global non-insurers (such as Facebook, Google and others) since it could enable them to enter the insurance market by increasing their revenue per customer without any substantial front-end investments. Furthermore, incumbents could use this model to offer specialized, focused policies that currently are not profitable or to improve dramatically their existing cost structure and by that remain relevant in the current competitive insurance marketplace.\n\nWho is attempting to re-imagine the existing insurance space? \n\nUnderstanding the benefits and advantages of this nascent technology, start-ups and incumbents alike are experimenting with it and developing new innovative business models, or at least trying to optimize existing models in order to capitalize on the new ecosystem. With that in mind, I will highlight some of the most exciting start-ups within the space nowadays:\n\nB3i: Following the consortium trend created by R3 CEV and Hyperledger in other industries, B3i, stands for Blockchain Insurance Industry Initiative. It established an insurers consortium that attempts to explore the potential of distributed ledger technologies to better serve clients through faster, more convenient and secure services. To date, the members of the consortium are Aegon, Allianz, Munich Re, Swiss Re and Zurich.\n\nSymbiont: Although I covered this start up already in my previous posts as a central player within the financial services space with its proprietary blockchain solution, Symbiont has decided to enter the insurance space as well with an impressive Catastrophe Swap PoC with Allianz Risk Transfer AG (ART) and Nephila Capital. The pilot exemplified how Symbiont’s platform facilitated the automatic distribution of funds to relevant recipients as a result of a natural disaster utilizing the capabilities of smart contracts that were triggered by an authenticated data feed (oracle).  \n\nEverledger: Employs blockchain to protect diamonds and other valuable goods throughout their product lifetime. The company’s solution enables various stakeholders within the diamonds ecosystem to access a digital, immutable, global ledger that authenticate the diamonds and proves their existence and ownership. Everledger’s innovation is in its ability to represent off-chain assets on-chain and hence reducing dramatically events of risk, fraud and theft. Since April 2015, the company has already certified over 980,000 diamonds.\n\n\nTeambrella: Aims to revolutionize the insurance industry by providing a much more fair, transparent and affordable experience with a complete P2P solution. With teambrella, members can join different “trust pools” (teams) based on the terms they offer. Then once in a group, the member has the ability to vote on every decision that impacts him (e.g., new members, rules and claims). After a claim is approved by the team, the member receives his compensation from his teammates’ personal wallets. teambrella is an example of the Self-Governing Model I described above.  \n\n\nDynamis: Leveraging the Ethereum blockchain to transform the supplementary unemployment insurance space by connecting with LinkedIn as a reputation system for its members. Applicants for a new policy utilize LinkedIn to verify their identity and employment status. Later, claimants can use the member’s social network connections to validate if they are indeed looking for a job. Dynamis is another example of the Self-Governing Model, which utilizes members and social networks to verify and trigger events.\n\nTierion: Leverages the Bitcoin blockchain to verifying any data, file, or process through Blockchain receipts. The solution, which can be integrated with IoT devices, enables users to anchor a permanent, time-stamped, irrefutable record of assets on the blockchain. Later these assets can be used for verification purposes without relying on any trusted 3rd party required currently for similar processes. Blockchain receipts reduce errors, fraud, and auditing costs since receipts are transparent to all relevant stakeholders. \n\nInsurance is ripe for disruption by blockchain technology. As a result, many entrepreneurs and incumbents are trying to best position themselves to be in the right place at the right time to take advantage and benefit from it. The examples and business models shifts I described strengthen my belief that blockchain technology will change insurance as we know it and the question is just how this change will occur. Although there are multiple ways to reimagine the existing business model and indeed companies are trying to improve the existing frictions throughout the value chain, I believe that P2P insurance is the ideal space for blockchain entry as the technology enables multiple capabilities and fits best to the existing social insurance trend.",
      "json_metadata": "{\"tags\":[\"insuretech\",\"insurance\",\"blockchain\",\"disruption\",\"innovation\"],\"image\":[\"https://steemitimages.com/DQmTgTF8tFSQMmZxnd7MFaDzeeGRb9iMZQ5JcB3RCL84ofQ/Insurance.jpeg\",\"https://steemitimages.com/DQmSTLoZskq1FMafHZd91VDojSLkFN6fGbeUhgcSN3tUhEs/image.png\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "531ca8036f358df72c9113be1eb2b609af031028",
  "block": 10849578,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-07T06:41:15",
  "op": [
    "vote",
    {
      "voter": "galmo",
      "author": "cheetah",
      "permlink": "cheetah-re-galmothe-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "00e01191ac2f90653499aa7af1cf6cefadd7c88a",
  "block": 10761578,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T05:16:24",
  "op": [
    "vote",
    {
      "voter": "galmo",
      "author": "dobe4ever",
      "permlink": "re-cryptocoinupdate-re-dobe4ever-my-3-altcoin-investments-usd800-investment-usd70-loss-if-sold-today-would-you-sell-20170404t041416875z",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "8852f9e98626557b1d305e8b54b103a5b098a70c",
  "block": 10757615,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:58:15",
  "op": [
    "vote",
    {
      "voter": "giantbear",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "f2504ee6020d694112f933f49d1cf3d067e11122",
  "block": 10757614,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:58:12",
  "op": [
    "vote",
    {
      "voter": "willsplace",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "974ed981974bee096cea467930ed75feda987454",
  "block": 10757613,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:58:09",
  "op": [
    "vote",
    {
      "voter": "youngkim",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "63814dc4ea0dba8d60d481558da9deb7918d372b",
  "block": 10757612,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:58:06",
  "op": [
    "vote",
    {
      "voter": "whatageek",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "511eb836d22c35ec5c20e6adeacb141da50b8600",
  "block": 10757611,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:58:03",
  "op": [
    "vote",
    {
      "voter": "mycryptomark",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "fe703afb1c0a17f8992de57bdbf90caa06767acf",
  "block": 10757610,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:58:00",
  "op": [
    "vote",
    {
      "voter": "ambyr00",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "a97e7ece3e110c6df709815cf33df5097e1fb39b",
  "block": 10757605,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:57:45",
  "op": [
    "vote",
    {
      "voter": "surpassinggoogle",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "22f5c723d4f9402fcd997e3864275ddde8f30df7",
  "block": 10757604,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:57:42",
  "op": [
    "vote",
    {
      "voter": "seablue",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "0bbc67ce95f053b2dd21ed36a9726bb6a08a76d4",
  "block": 10757603,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:57:39",
  "op": [
    "vote",
    {
      "voter": "gomeravibz",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "37f01215a7a4d630c4540e0966517c21e23c73bc",
  "block": 10757602,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:57:36",
  "op": [
    "vote",
    {
      "voter": "karenmckersie",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "6a976d45823139a153fe2ff784aaeafa707428fc",
  "block": 10757601,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:57:33",
  "op": [
    "vote",
    {
      "voter": "forrestwillie",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "95717be1b5d7f26ffc69a0ff9283ac763b00d55b",
  "block": 10757600,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:57:30",
  "op": [
    "vote",
    {
      "voter": "shadowspub",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "5495e9a7cfa59f6f1443f525f642c8ea045fa751",
  "block": 10757597,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:57:21",
  "op": [
    "vote",
    {
      "voter": "meysam",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "010c1007176aac286ccd70d0321c64ff03b75570",
  "block": 10757596,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:57:18",
  "op": [
    "vote",
    {
      "voter": "andrei",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "cef1a6e9e5df2baf9269983380100d1c86b920c5",
  "block": 10757595,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:57:15",
  "op": [
    "vote",
    {
      "voter": "riskdebonair",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "0de7794e59973fdd8698b9e5e45c08d82da9edc1",
  "block": 10757593,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:57:09",
  "op": [
    "vote",
    {
      "voter": "mindhunter",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "18f310fdf642c675e5c37bad44c08e6784454ac9",
  "block": 10757592,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:57:06",
  "op": [
    "vote",
    {
      "voter": "patelincho",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "3e854c49b1acb174b859d271b5cd50db1fe1caa6",
  "block": 10757591,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:57:03",
  "op": [
    "vote",
    {
      "voter": "jamesjarman",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "1a77e1667f062e6c8ea59b5a2e85e73987803152",
  "block": 10757589,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:56:57",
  "op": [
    "vote",
    {
      "voter": "daisyd",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "d814ddea843c7e0becffb5b0eb47764e6d4d6ad5",
  "block": 10757588,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:56:54",
  "op": [
    "vote",
    {
      "voter": "steemitqa",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "da3a60783e27a591faae5800f3c4a66cae62c617",
  "block": 10757587,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:56:51",
  "op": [
    "vote",
    {
      "voter": "barrydutton",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "748affadea6aea62087821f27e1fe910550ffd62",
  "block": 10757586,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:56:48",
  "op": [
    "vote",
    {
      "voter": "proctologic",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "b2436dce237bf4e8c4cfa7ba9bad20ac33ed1e66",
  "block": 10757585,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:56:45",
  "op": [
    "vote",
    {
      "voter": "jacobts",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "0eb0aa98d851934c7feb237d499823b285ea53ad",
  "block": 10757584,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:56:42",
  "op": [
    "vote",
    {
      "voter": "juvyjabian",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "c08098dd4c2a63246f0b9b2bad1fee639488f20d",
  "block": 10757583,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:56:39",
  "op": [
    "vote",
    {
      "voter": "driptorchpress",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "292a88d9a93461c082ac80074f71c84a8c21814d",
  "block": 10757582,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:56:36",
  "op": [
    "vote",
    {
      "voter": "steemitguide",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "9c6e3c1f3f8526c963a28f9b69c84aa366e0d203",
  "block": 10757581,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:56:33",
  "op": [
    "vote",
    {
      "voter": "konelectric",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "02e4cc971bed25bbd53e8d7de4b57456caee5b7b",
  "block": 10757580,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:56:30",
  "op": [
    "vote",
    {
      "voter": "pairmike",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "7f9a2a4a96cb66add388a026256b31b2bdb17791",
  "block": 10757579,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:56:27",
  "op": [
    "vote",
    {
      "voter": "timelapse",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "cfa6cc5e1d329839a6892ae40853f9849bbddbe5",
  "block": 10757578,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:56:24",
  "op": [
    "vote",
    {
      "voter": "richardcrill",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "360a3e9d58f208ade4e6d3fc24fef23acf395179",
  "block": 10757577,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:56:21",
  "op": [
    "vote",
    {
      "voter": "cwatch",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "e60d9271459810a5ea2ff0275eaed8a37731e351",
  "block": 10757577,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:56:21",
  "op": [
    "vote",
    {
      "voter": "sqube",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "f60b07b06d053ba19e9ae1ad3061fb3892eb4b6f",
  "block": 10757576,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:56:18",
  "op": [
    "vote",
    {
      "voter": "cathynsons",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "ed0b9f0a7e04ea84d52bf80a388c8965728a6015",
  "block": 10757576,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:56:18",
  "op": [
    "vote",
    {
      "voter": "dirty.hera",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "861840ba788698e4b9dfc163ee66b3a3de5f1f11",
  "block": 10756966,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:25:48",
  "op": [
    "vote",
    {
      "voter": "jyp",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "87dc7a0b49b80d3969cc0f4e6e9d4f892fdea67c",
  "block": 10756956,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:25:18",
  "op": [
    "vote",
    {
      "voter": "fyrstikken",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "aa39d5cf1066324f13a44a8377e6223bd1d0c2b8",
  "block": 10756631,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:09:03",
  "op": [
    "comment",
    {
      "parent_author": "galmo",
      "parent_permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "author": "cheetah",
      "permlink": "cheetah-re-galmothe-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "title": "",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.linkedin.com/pulse/first-stop-blockchain-revolution-banking-financial-gal-mordechai",
      "json_metadata": ""
    }
  ]
}

{
  "trx_id": "0236fa5467012810ee914a5c4827f09aeed0a189",
  "block": 10756629,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:08:57",
  "op": [
    "vote",
    {
      "voter": "cheetah",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 100
    }
  ]
}

{
  "trx_id": "d46ba4557c643732b2423e33a601aead8bcba1f8",
  "block": 10756616,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:08:18",
  "op": [
    "vote",
    {
      "voter": "galmo",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "d46ba4557c643732b2423e33a601aead8bcba1f8",
  "block": 10756616,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-04T01:08:18",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "blockchain",
      "author": "galmo",
      "permlink": "the-first-stop-in-the-blockchain-revolution-banking-and-financial-services",
      "title": "The First Stop in the Blockchain Revolution - Banking and Financial Services",
      "body": "Recently, Blockchain platforms and solutions receive a lot of attention from VCs as well as established financial institutions which as a result direct many resources into it. Thus, it is appears that the first stop in the Blockchain revolution will be the Banking and Financial Services industry. Still, there are many unanswered questions around this emerging technology such as: How will it impact the financial services industry? What will be the new business models that will emerge around it? These are the types of questions that I will try to address in my second blog post about the Blockchain disruption.\n\nBased on my previous post, financial services institutions have already begun exploring Blockchain’s capabilities and how these will impact their industry. Start-ups such as R3 CEV, tØ and Symbiont have already been experimenting with the new technology and utilized it to create new solutions and business models that are more efficient and beneficial for all stakeholders.\n\nBased on a 2013 Federal Deposit Insurance Corporation (FDIC) survey, nearly a third of the US population (~106M people) are unbanked or underbanked. As a result, introducing a technology that will reduce dramatically the barriers to entry for these individuals to the financial ecosystem will have a widespread impact.\n\nAdditionally, based on the nature of the ecosystem and its capabilities, once customers’ entities are captured on the Blockchain, the possibilities and benefits increase exponentially. This impressive growth is possible due to the utilization of the personal information in parallel ecosystems (e.g., Insurance, healthcare) which could be shared with institutions and other users based on the individuals’ preference.    \n\nSo what makes Blockchain attractive for financial institutions?\n\nThe unique capabilities of the technology are attractive to a wide range of stakeholders within the financial industry and hence will radically increase its adoption:\n\nFrom the Consumers side, Blockchain dramatically reduces the fees and interest rates associated with operations and actions within the financial space. As an example, using the Blockchain for money transfers worldwide can reduce fees in current methods from 5%-17% to ~0.02% per transaction, more than a 100X reduction in costs for the end user!\n\nIn addition, as a result of the lower fees and the general decrease in barriers to entry based on an-easy-to-use interface that creates a seamless experience to existing clients, the entire platform is more accessible for a larger amount of users. Furthermore, it enables a fast, reliable and efficient approach to an existing cumbersome process.\n\nFrom the financial institutions perspective there are numerous benefits too. The increase in users and the ability to gather more data about them will enable these companies to customize their products optimally and create new revenue streams and products that will address their new customers’ needs better and faster. \n\nMoreover, since Blockchain has the ability to transform the financial platforms into secure, safe, private and compliance-ready ones, it has the ability to decrease many of the industry’s current pain-points and highest cost drivers (e.g., cyber security, compliance, auditing) which makes the new technology very attractive even more attractive.\n\nAlso, the Blockchain stack-based structure and modular nature satisfy the multiple risk-averse stakeholders within the sphere as well as de-risk the development process of new platforms and solutions. \n\nThere are many more advantages that make the Blockchain attractive to other stakeholders not mentioned above such as regulators and investors.\n\nCurrent disruptors within the space\n\nUnderstanding the capabilities and huge potential of the Blockchain, many start-ups and incumbents experiment with it and develop new business models to enable them to monetize the new rules of the playing field and disrupt the existing status quo. After mentioning some of these in my prior post (Abra, R3 CEV), I will highlight some different ones here:\n\nNASDAQ Linq is a pioneer in Blockchain experimentation. NASDAQ is the first major global stock exchange to launch a digitally managed asset trading platform for shares in private companies as part of NASDAQ Private Market suit of services. The new innovation enables issuing, cataloging and recording of shares transfers of privately-held companies. Furthermore, the platform facilitates easier auditing and transparency about companies’ ownership. Currently, the platform experiments with only one node and includes six startups and their investors as users.\n\nSymbiont has created the first issuance and trading platform based on its previous open source stack Counterparty for smart securities which are programmable securities that exist on a Blockchain. These new assets enable faster and efficient trading while dramatically reducing the associated costs. Also, the new solution enables increased liquidity, transparency and security to all stakeholders. As a smart-contracts based platform, Symbiont’s platform enables users to issue, trade and process a range of instruments in a single, global, decentralized peer-to-peer network.\n\nBTCJam offers a peer-to-peer lending marketplace which is very similar to Lending Club but is based on Bitcoin and therefore makes it accessible to investors and borrowers worldwide. To qualify borrowers and assess their risk profiles, BTCJam has developed a unique online credit scoring system that does not require a traditional credit score. Furthermore, the platform enables flexibility as borrowers can determine their own repayment parameters and rates. Additionally, as all transaction occur on top of the platform, BTCJam enables a peer-to-peer reputation system based on actual behavior within their platform to enable investors to make better investment decisions. Up until now, users have used the platform to borrow ~$16M in more than 19K loans.\n\nWeiFund uses a Blockchain-based platform that enables peer-to-peer crowdfunding with minimal fees. The easy-to-use solution enables investors to own shares within their investment securely and reliably by using tokens (a mechanism that Blockchain uses to enable ownership that can later be tradeable). Another impressive benefit of the platform is that by using ownership tokens, the platform also enables investors to enjoy future profits of the venture in the form of equity sharing. In addition, the solution has a modular orientation that permits easy linkage between WeiFund’s assets to other platforms.\n\nBringing all of the Blockchain benefits into personal financing  \n\nAn exciting stage in the emergence of any new disruptive technology is the development of new business models that are based on the unique capabilities enabled by the new technology. Blockchain is similar in that sense as it enables innovative approaches for users’ communication and facilitation of transactions that will transform the way we do business.\n\nSo how can Blockchain capabilities be translated into financial services?\n\nI propose a one-stop-shop solution for personal financing, a payments, lending and credit peer-to-peer network of marketplaces that is based on the Blockchain.\n\nThe payments platform will be very similar to existing Bitcoin solutions that already exist in the market. It will provide users to transact with other users all over the globe fast and with minimum fees.\n\nThe lending platform will enable users to borrow funds from peers globally based on their own terms and preferences. This will also enable users an alternative investment opportunities as well as diversifying their portfolio with micro-investments at various risk levels. To reflect the optimal market, borrowers and investors will be able to interact through encrypted on-platform messaging and silent auctions. These will guarantee flexibility and that all parties are satisfied with the results.\n\nLater these investments can be repackaged (utilizing the token concept mentioned earlier) to create a secondary market for additional investment alternatives.\n\nThe credit platform will let investors provide credit to borrowers based on the borrowers’ terms and preferences through encrypted messaging and silent auctions as well. This market will also enable an emergence of a secondary market around it.\n\nTo allow investors and borrowers evaluate their risk levels, an important component that should be existing in the platform is user’s reputation that is based on one’s behavior within the platform. Reputation, in addition to other relevant personal information that can be shared voluntarily using Zero-Knowledge-proof technology with others during the listing of new requests for borrowings/ credits will enable borrowers to enjoy from better terms and Investors to evaluate their risk better.\n\nBy combining all of these applications on top of the Blockchain, we can create a one-stop-shop for personal finance that is accessible, cheap, efficient, auditable, private and beneficial for all stakeholders.\n\n \n\nThis post is the second in of a series of blog posts about the Blockchain, its implications and challenges for mainstream adoption.",
      "json_metadata": "{\"tags\":[\"blockchain\",\"fintech\",\"innovation\",\"disruption\",\"decentralization\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "70344d4a66ab17b7846a620f4b1bf11225e0eb32",
  "block": 10754639,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-03T23:29:27",
  "op": [
    "vote",
    {
      "voter": "galmo",
      "author": "cheetah",
      "permlink": "cheetah-re-galmointroduction-to-the-technology-that-will-change-the-world-as-we-know-it",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "f3621a9a3006a06e07bb39b986c496f127ac7e5a",
  "block": 10733969,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-03T06:15:39",
  "op": [
    "vote",
    {
      "voter": "francomason",
      "author": "galmo",
      "permlink": "introduction-to-the-technology-that-will-change-the-world-as-we-know-it",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "ea0143afa8a3f4537c616405f07fa8c6b981e4c8",
  "block": 10732647,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-03T05:09:33",
  "op": [
    "vote",
    {
      "voter": "kriskabiru",
      "author": "galmo",
      "permlink": "introduction-to-the-technology-that-will-change-the-world-as-we-know-it",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "2127985a2a19ad8dac606029233a380caf6ff437",
  "block": 10731886,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-03T04:31:30",
  "op": [
    "vote",
    {
      "voter": "personz",
      "author": "galmo",
      "permlink": "introduction-to-the-technology-that-will-change-the-world-as-we-know-it",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "5f29d276e723e1c38dc7928820a7374bc9610ea8",
  "block": 10731838,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-03T04:29:06",
  "op": [
    "vote",
    {
      "voter": "inber",
      "author": "galmo",
      "permlink": "introduction-to-the-technology-that-will-change-the-world-as-we-know-it",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "c74ffa7a9a232b43e6e514818a57f9fc860a40ae",
  "block": 10731634,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-03T04:18:54",
  "op": [
    "vote",
    {
      "voter": "sqube",
      "author": "galmo",
      "permlink": "introduction-to-the-technology-that-will-change-the-world-as-we-know-it",
      "weight": 100
    }
  ]
}

{
  "trx_id": "e0853b5291acb7622dbbe6bc3481a2eac3827aa8",
  "block": 10731633,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-03T04:18:51",
  "op": [
    "vote",
    {
      "voter": "cathynsons",
      "author": "galmo",
      "permlink": "introduction-to-the-technology-that-will-change-the-world-as-we-know-it",
      "weight": 100
    }
  ]
}

{
  "trx_id": "c22196f0ed269616adb08b41bc4c4e88d14fcb03",
  "block": 10731468,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-03T04:10:36",
  "op": [
    "vote",
    {
      "voter": "surpassinggoogle",
      "author": "galmo",
      "permlink": "introduction-to-the-technology-that-will-change-the-world-as-we-know-it",
      "weight": 100
    }
  ]
}

{
  "trx_id": "57ac4a1ff085139eecc3254c7668fac36c25deee",
  "block": 10731465,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-03T04:10:27",
  "op": [
    "vote",
    {
      "voter": "karenmckersie",
      "author": "galmo",
      "permlink": "introduction-to-the-technology-that-will-change-the-world-as-we-know-it",
      "weight": 100
    }
  ]
}

{
  "trx_id": "646c6e84130ce58300e6c2b0dbcd49951bad49a4",
  "block": 10731464,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-03T04:10:24",
  "op": [
    "vote",
    {
      "voter": "timelapse",
      "author": "galmo",
      "permlink": "introduction-to-the-technology-that-will-change-the-world-as-we-know-it",
      "weight": 100
    }
  ]
}

{
  "trx_id": "9b9349ac6ad6e1c9c4be2bbc524c6ccb6eb4fbf3",
  "block": 10731463,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-03T04:10:21",
  "op": [
    "vote",
    {
      "voter": "whatageek",
      "author": "galmo",
      "permlink": "introduction-to-the-technology-that-will-change-the-world-as-we-know-it",
      "weight": 100
    }
  ]
}