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Insurance & Blockchain - show me the code!!

Insurance & Blockchain - show me the code!!

My talk at https://d1conf.com/

1eecfce54b4f902784d046328935efd4?s=128

Makoto Inoue

November 01, 2017
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  1. @makoto_inoue Insurance & Blockchain Show me the Code!!

  2. Welcome to the insurance conference!!

  3. https://www.linkedin.com/pulse/insurance-industry-needs-tackle-social-media-kyle-davis

  4. Who am I? http://noblockno.party

  5. Who am I? http://devcon3socia.noblockno.party

  6. None
  7. None
  8. None
  9. - Why the hackathon? - The hacking trend - Where

    are the opportunities? TOC
  10. 1. Why the hackathon?

  11. Insurance and Blockchain

  12. B3I

  13. AXA

  14. AXA

  15. None
  16. http://github.com/breaktheblock/hackathon

  17. Registered interests (152)

  18. Participants (53)

  19. - Indemnity - Insurable Interest Insurance Principles

  20. - Putting people back to the same position they were

    before the loss. No better off, no worse off. Indemnity
  21. - A person has an insurable interest in something when

    loss of or damage to that thing would cause the person to suffer a financial loss. Insurable Interest http://www.janeslondon.com/2011/08/fire-insurance-plaques.html
  22. 2. The hacking trend

  23. 12 hacks (11 Ethereum, 1 Hyper Ledger) with pitch videos

  24. - Mobile theft - Weather - Xxx delay Trend 1:

    Automatic payment with Oracle (6 / 12)
  25. Trend 2: Transparent/fast Claim handling (2 / 12) - Across

    multiple insurers(Team “FireBreathingRubberDuckies”) - Across claim chains (Team “Simply Hackers”)
  26. Trend 2: Transparent/fast Claim handling (2 / 12) - Across

    multiple insurers(Team “FireBreathingRubberDuckies”) - Across claim chains (Team “Simply Hackers”)
  27. The winner was...

  28. None
  29. Smart Contract (Oraclize) + IoT(Rasberry Pi) + Mobile (Twilio) https://www.slideshare.net/thisplacestudio/breaktheblock-insurance-blockchain-hackathon-presentation

  30. Smart Contract (Oraclize) + IoT(Rasberry Pi) + Mobile (Twilio) https://www.slideshare.net/thisplacestudio/breaktheblock-insurance-blockchain-hackathon-presentation

  31. Automation(Oraclize) + IoT(Rasberry Pi) + Mobile (Twilio) https://www.slideshare.net/thisplacestudio/breaktheblock-insurance-blockchain-hackathon-presentation

  32. Automation(Oraclize) + IoT(Rasberry Pi) + Mobile (Twilio) https://www.slideshare.net/thisplacestudio/breaktheblock-insurance-blockchain-hackathon-presentation

  33. → Protection against unexpected financial loss → Sharable interests →

    Not just blockchain Winning recipe
  34. 3. The opportunities

  35. Q: so you do blockchain stuff at insurance company?

  36. A: No

  37. - Increase efficiency - Decrease admin cost - Requires No

    trust Why Blockchain?
  38. - Increase efficiency - Decrease admin cost - Requires No

    trust Why Blockchain? IT
  39. We have trust Policyholder Insurer Capital provider (e.g. shareholders) Aggregator

    / Broker Premiums paid to insurer Claims paid to policyholder Underwriting profits Allocate capital to insure against Insurance contract between these parties
  40. So does AXA

  41. Blockchain as open API - Increase efficiency - Decrease admin

    cost - Requires No trust - API built in
  42. Blockchain as open Data - Increase efficiency - Decrease admin

    cost - Requires No trust - API built in - Open Data
  43. Blockchain as open Data - Increase efficiency - Decrease admin

    cost - Requires No trust - API built in - Open Data
  44. Add Blockchain on Insurance or Add Insurance on Blockchain

  45. Trend 3: Insure Blockchain - Fat finger insurance (Team “CryptInsure”)

    - ICO hacks (Team “ICOsurance”)
  46. Insuring Blockchain - Insured interest - User is on the

    Blockchain - Everything on Blockchain
  47. Does your Blockchain app handles risks?

  48. Does your Blockchain app handles risks? We will refund to

    you from the guarantee account the balance stored on the card before the first outgoing transaction, up to a maximum of 50 times the amount of the deposit.
  49. Does your Blockchain app opens up Data?

  50. https://www.youtube.com/watch?v=LdYdeHMWbUA

  51. If you can show us your code, We may be

    able to help you @makoto_inoue https://www.reddit.com/r/ethtrader/comments/6sctvh/see_ya_suckers/