Insurance & Blockchain - show me the code!!

My talk at https://d1conf.com/

Transcript

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
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
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...
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/