Innovation Insurance Group

  • About
    • Company Profile
      • Annual Reports
        • 2014 Annual Report
        • 2013 Annual Report
    • Ty R. Sagalow
  • Our Services
    • Expert Witness
    • InsurTech
    • Product Development
      • Product Development Case Studies
    • Directors and Officers Insurance
    • Cyber Risk Insurance
    • Bitcoin Insurance Agency
      • BitCoin 101
      • Bitcoins FAQ
      • Bitcoin Video Series
      • Publications and Interviews
  • News
    • Speaking Engagements
    • IIG in the News
    • Bitcoin Industry News
    • Events
    • World Risk and Insurance News
      • Web Series Hosted
        by Ty Sagalow
        • What’s New in Insurance?
        • Innovations in Insurance
      • Interviews of
        Ty Sagalow
    • Gallery
  • Leadership
    • Publications and Interviews
      • Innovation and Product Development
      • D&O Insurance
      • Cyber Risk Insurance
      • Reputation Risk
      • Bitcoin
    • Innovation
    • Emerging Risks
      • InsurTech
      • Reputation Risk
      • Crowdfunding
      • Bitcoin Risk
      • Cyber Risk
    • Thoughts from Industry Leaders
  • Clients
    • Clients
    • Partners
      • Advisen, Ltd.
      • Hanover Stone Partners, LLC
      • CLM Advisors
  • Lemonade Book
    • Book Store – Buy the Book
    • Book Overiew
    • Interviews with the Author
    • Book Signing Gallagy
  • Contact Us
You are here: Home / Bitcoin Industry News / How to Build Full Blockchain Apps With Zero Blockchain Development Experience

January 26, 2022

How to Build Full Blockchain Apps With Zero Blockchain Development Experience

Blockchain technology stands to revolutionize a wide range of industries, and many companies are eager to move their operations on-chain. According to a survey from consultancy Deloitte, 78% of companies believe there is a compelling use case for blockchain technology within their organization, and 73% of them agree they stand to lose their competitive advantage if they fail to adopt the technology.

Most companies want in, but less than 0.1% of developers are senior enough to deliver on the projects they want to build. Why are blockchains so difficult to code for? To build blockchain apps, you need to have access to nodes (essentially units of the blockchain network). Installing and running nodes is difficult, expensive and time-consuming. It’s a full-time job in and of itself.

Running nodes for one blockchain is difficult enough, but maintaining perfectly functioning nodes for multiple blockchains requires a full dev-ops team. Each blockchain has its own language and set of particularities. Learning to code for one can take quite a bit of time; learning to code proficiently for multiple blockchains is next to impossible. Not only that, but smart contracts – executable programs on the blockchain used to build blockchain apps – are coded using completely different languages than the blockchains themselves.

All this learning to build blockchain apps can take months or years to master, and hiring blockchain developers is extremely expensive, if you can even find them. For this reason, up to 90% of blockchain implementations never even get successfully launched. They run out of time and money, and the majority of them fail.

Faster time to market

Tatum eliminates these obstacles to blockchain development. It provides blockchain nodes for more than 40 blockchain protocols and there is no need to code for each individual blockchain. It also includes prebuilt smart contracts, meaning developers don’t need to learn Solidity or any other smart contract programming language. It also allows for the instant creation of NFTs or ERC-20 and ERC-1155 tokens and includes a ready-to-go NFT marketplace and auction for smart contracts.

This means companies looking at blockchain development projects no longer need any third-party tools or smart contract experience. It also means faster time to market, with 99% of costs and time saved in comparison to developing a project from scratch. This allows enterprises to use existing developers to build blockchain apps. Essentially, Tatum is enhanced Web 3 designed for Web 2 developers.

In 2021, Tatum grew from 4,000 users to more than 18,000 and received backing from Octopus Ventures. It was a top five finalist in the TechCrunch Startup Battlefield as the first-ever blockchain startup to be accepted to participate and was the winner of the European finale of the Startup World Cup.

Many platforms claim the same thing: to simplify blockchain development. But with most of them, you still have to learn to code and deploy smart contracts and you still need a good bit of Web 3 dev experience to accomplish anything. Tatum goes further in terms of features and supported blockchains. It allows companies to build blockchain apps from start to finish, all in a single, unified framework – zero blockchain development experience required.

Author: CoinDesk Staff

Filed Under: Bitcoin Industry News

Expert Witness

Ty Sagalow head shotTy Sagalow's unique background in legal, underwriting, policy drafting and claims – and his designation as a “qualified insurance expert” by the United States District Court for the Southern District of California – offers attorneys an unparalleled resource in D&O, E&O and Cyber insurance coverage disputes. He was also named "Most Helpful Expert" in a recent $8.7M coverage decision.

Mr. Sagalow served as Chief Underwriting Officer and General Counsel for AIG Executive Liability (formerly National Union Fire Insurance Company of Pittsburgh, PA), the world’s largest carrier of Directors and Officers Liability and Professional Liability Insurance. As General Counsel, Mr. Sagalow personally wrote or led teams that wrote all the D&O policies and many of the professional liability policies that AIG produced between 1988 and 2000 – policies which continue to serve as the foundational wording for the D&O and professional liability policies in the market today. As AIG Executive Liability’s Chief Underwriting Officer, Mr. Sagalow was charged with all underwriting interpretations and decisions for AIG D&O/E&O policies. In 2009, Mr. Sagalow headed up the team that rewrote all D&O policies for Zurich North America.

Ty is a cum laude graduate of Georgetown University Law Center and holds a LLM from New York University School of Law.

Bitcoin Insurance

Combining his talents as a network security insurance expert and an insurance product development expert, Ty Sagalow is the leading expert on the unique risk and insurance needs of the bitcoin industry.

With the successful sale of BitSecure(tm), the first bitcoin theft insurance policy in February of 2015, he is the first to create a sustainable, robust insurance policy to cover the theft of bitcoins and other virtual currency backed by an A-Rated, global “top 10” Property and Casualty insurance company.

Company Profile

Innovation Insurance Group is an insurance consulting firm and insurance brokerage founded by 30-year insurance executive, Ty R. Sagalow, former Chief Underwriting Officer, General Counsel and Chief Innovation Officer at AIG, and former Chief Innovation Officer at Zurich, NA and Tower Group. IIG focuses on three core practice groups: product development, expert witness services (primarily in the Management and Professional Liability areas), and bitcoin industry brokerage services.

Learn more about Ty R. Sagalow
Learn more about Innovation Insurance Group
Learn more about InsurTech Consulting
Learn more about Bitcoin Insurance Agency

Innovation Insurance Group, LLC BBB Business Review

Featured Topics

  • InsurTech
  • Innovation and Product Development
  • Directors & Officers Liability Insurance
  • Cyber Risk Insurance
  • Reputation Risk
  • Bitcoin Risk and Insurance
  • Emerging Risks
  • Interviews of Ty Sagalow
  • Gallery
  • Testimonials
  • Speaking Engagements

Featured Video Series

  • "What’s New in Insurance with Ty Sagalow"
  • "Innovations in Insurance hosted by
    Ty Sagalow"

Recent Speaking Events

  • Lawline How Is InsurTech Impacting the Insurance Industry? (Update) (8/16/23) (video)
  • The Future of Insurance (with Bryan Falchukc) (Video Podcast Aug 2022)
  • InsurTech Ohio Spotlight with Ty Sagalow (Podcast 5/10/22)
  • Meet the Godfather of Insurtech… (The Insurtech Leadership Podcast)(12/20/21)
  • Why Insurance Industry needs Lemonade Insurance-Style Business Models (Silicon Review, 2019)
  • CIIA Conference: Innovation, Culture and Technology
    May 13, 2021, Chili (Virtual)
  • Latin American Conference New Perspectives and Innovations for the Future of Insurance
    Nov 4, 2019, Mendoza, Argentina
  • All Speaking Engagements
  • 2016 Insurance Consultants Award
    2016 Insurance Consultants Award
  • 2017 Insurance Consultants Award
    2017 Insurance Consultants Award
  • 2017 Insurance Expert Witness of the Year
    2017 Insurance Expert Witness of the Year
  • AI 2017 InsurTech Consultant of the Year Award
    2017 InsurTech Consultant of the Year Award - AI International
  • 2018 Best Advisor Award – M&A Today
    2018 Best Advisor of the Year - M&A Today
  • 2018 Best Consulting Firm – Lawyers International
    2018 Best Consulting Firm - Lawyers International
  • 2018 Best Advisor of the Year - Corporate USA Today
    2018 Best Advisor of the Year - Corporate USA Today
  • 2018 Insuretech Consultant of the Year - Business Excellence
    2018 Insuretech Consultant of the Year - Business Excellence
  • 2019 50th Fasting Growing Company
    2019 50th Fasting Growing Company

Copyright © 2026 Innovation Insurance Group · Offices at Short Hills · 51 John F. Kennedy Parkway, First Floor West · Short Hills, NJ 07078 | Site Map | Log in