Blockchain Primer - PDIC v00
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Transcript of Blockchain Primer - PDIC v00
Blockchain 101 Applications in the Insurance Market
Gary Nuttall / Ben KahnLimeStreet Digital PartnersSeptember 2016
/LimeStreetDigital
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
/LimeStreetDigital
Thank You! – Any questions?