blockchain primer - pdic v00

Blockchain 101 Applications in the Insurance Market

Gary Nuttall / Ben KahnLimeStreet Digital PartnersSeptember 2016

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Blockchain 101 Agenda

1. What it is2. Benefits3. Insurance opportunities4. Demonstration

1 - What it is - It’s a protocol which describes:A Write-only,

1 - What it is - It’s a protocol which describes:A Write-only, distributed database

1 - What it is - It’s a protocol which describes:A Write-only, distributed database that is synchronized,

1 - What it is - It’s a protocol which describes:A Write-only, distributed database that is synchronized, cryptographically secured

1 - What it is - It’s a protocol which describes:A Write-only, distributed database that is synchronized, cryptographically secured and can be programmed to respond to external events.

1 - What it is…..and why it’s called Blockchain

2 - BenefitsImmutable – complete, timestamped, audit trailCyber resilient – still functional if nodes removedReconciliation significantly reducedCyber protected – can’t be easily hacked or ransomedSmart Contracts can be created

3 – Insurance OpportunitiesProduct (company) Operational (Market)Asset Registry (Everledger) Identity ManagementParametric Insurance (Allianz)

Placement

IoT Integration ReinsuranceClaimsSettlementsKYC / AMLAccreditation RegisterDocument Management

3 – How it can be used – NEXUS OF FORCES

New insuranc

e product

s

Internet of Things

Blockchain

4 – Hype or Reality ? - DEMONSTRATION

4 –DEMONSTRATION

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Thank You! – Any questions?