Blockchain Primer - PDIC v00
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Transcript of Blockchain Primer - PDIC v00
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Blockchain 101 Applications in the Insurance Market
Gary Nuttall / Ben KahnLimeStreet Digital PartnersSeptember 2016
/LimeStreetDigital
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Blockchain 101 Agenda
1. What it is2. Benefits3. Insurance opportunities4. Demonstration
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1 - What it is - It’s a protocol which describes:A Write-only,
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1 - What it is - It’s a protocol which describes:A Write-only, distributed database
![Page 5: Blockchain Primer - PDIC v00](https://reader035.fdocuments.net/reader035/viewer/2022062523/586fe2241a28ab18428b7a6b/html5/thumbnails/5.jpg)
1 - What it is - It’s a protocol which describes:A Write-only, distributed database that is synchronized,
![Page 6: Blockchain Primer - PDIC v00](https://reader035.fdocuments.net/reader035/viewer/2022062523/586fe2241a28ab18428b7a6b/html5/thumbnails/6.jpg)
1 - What it is - It’s a protocol which describes:A Write-only, distributed database that is synchronized, cryptographically secured
![Page 7: Blockchain Primer - PDIC v00](https://reader035.fdocuments.net/reader035/viewer/2022062523/586fe2241a28ab18428b7a6b/html5/thumbnails/7.jpg)
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.
![Page 8: Blockchain Primer - PDIC v00](https://reader035.fdocuments.net/reader035/viewer/2022062523/586fe2241a28ab18428b7a6b/html5/thumbnails/8.jpg)
1 - What it is…..and why it’s called Blockchain
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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
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3 – Insurance OpportunitiesProduct (company) Operational (Market)Asset Registry (Everledger) Identity ManagementParametric Insurance (Allianz)
Placement
IoT Integration ReinsuranceClaimsSettlementsKYC / AMLAccreditation RegisterDocument Management
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3 – How it can be used – NEXUS OF FORCES
New insuranc
e product
s
Internet of Things
Blockchain
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4 – Hype or Reality ? - DEMONSTRATION
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4 –DEMONSTRATION
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/LimeStreetDigital
Thank You! – Any questions?