Smart Contracts: Opportunities and Challenges

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Smart Contracts Opportunities & Challenges Casey Kuhlman CEO @compleatang, @monaxHQ

Transcript of Smart Contracts: Opportunities and Challenges

Page 1: Smart Contracts: Opportunities and Challenges

Smart ContractsOpportunities & Challenges

Casey KuhlmanCEO

@compleatang, @monaxHQ

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What are blockchains, smart contracts, & ecosystem applications?

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Blockchains

Event logsassumed to be operated

and ordered across multiple organizations

Who did what when

Data Assurance

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Smart Contracts

Scriptsassumed to be operated

and verified acrossmultiple organizations

Who didwhathow

Process Assurance

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Ecosystem Applications

Applications operatedby multiple organizations

The real paradigmshift

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What problems can ecosystem applications address?

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HypothesisExisting systems of coordination are costly

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Authenticity & attribution costs

Reconciliation costs

Coordination costs

Business Problem...

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Authenticity & attribution costs

Reconciliation costs

Coordination costs

Chain of custody

Supra-organization focus

Defend old lines of business or transform

Business Problem... Business Requirement...

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Authenticity & attribution costs

Reconciliation costs

Coordination costs

Chain of custody

Supra-organization focus

Defend old lines of business or transform

Business Problem... Business Requirement...

Data Assuranceacross organizations

Process Assuranceacross organizations

New Opportunities to co-create value

Ecosystem Apps Provide...

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What will ecosystem applications be doing for us in 3-5 years?

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Data Assuranceacross organizations

Process Assuranceacross organizations

New Opportunities to create value

Ecosystem Apps Provide...

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Data Assuranceacross organizations

Process Assuranceacross organizations

New Opportunities to create value

Real-time

On-Demand

Resilience to evolving risks

Ecosystem Apps Provide... Market Demand...

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Data Assuranceacross organizations

Process Assuranceacross organizations

New Opportunities to create value

Real-time

On-Demand

Resilience to evolving risks

Ecosystem Apps Provide... Market Demand...

Parametric Insurance

On-Demand Insurance

Risk Securitization

Use Case...

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How will we get there?

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Educate

Value proposition clarityMindset shift required

Experiment

Viable use casesPath to production

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Prototype

Remove scaffoldingExtend participants

Go Live!

Harden, harden, hardenGovernance framework

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https://monax.io

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