My presentation on Nov. 8 2016 in Chicago, at the Red Chalk Group Blockchain in Insurance conference.

1. BUSINESS BLOCKCHAIN FOR INSURANCE:
VISION OR REALITY?
WILLIAM MOUGAYAR
AUTHOR, THE BUSINESS BLOCKCHAIN

2. DEFINING TECHNOLOGY ERAS
(C) William Mougayar, 2016.

3. A Technology that enables the peer-to-peer
transmission of electronic value, without
any intermediary.
SO, WHAT IS THE BLOCKCHAIN?
(C) William Mougayar, 2016.

4. 3 DIMENSIONS FOR VIEWING THE BLOCKCHAIN
▸ Back-end database that maintains a
Distributed Ledger.
▸ Exchange Network for moving value
between peers.
▸ Transaction Validation mechanism, not
requiring intermediary assistance.
TECHNICAL
BUSINESS
LEGAL
(C) William Mougayar, 2016.

5. MANY FACETS TO THE BLOCKCHAIN
1. Cryptocurrency
2. Computing Infrastructure
3. Transaction Platform
4. Decentralized Database
5. Distributed Accounting Ledger
6. Development Platform
7. Open Source Software
8. Financial Services Marketplace
9. Peer-to-Peer Network/Marketplace
10. Trust Services Layer
(C) William Mougayar, 2016.

6. WHAT IS THE BLOCKCHAIN?
(C) William Mougayar, 2016.

7. HOW TO THINK ABOUT THE BLOCKCHAIN
1.Creating / Moving Value (Assets)
2.Storing Value (Cryptocurrency)
3.Processing Transactions and Logic
1.Record Keeping, Verifications, Proofs
2.Custody, Rights, Titles
3.Identity and Naming
1.A new development environment
2.Programming money / value
3.Dealing with ledgers instead of DB’s
1.Creating new economies
2.A work/reward system
3.Sandbox for money + business
(C) William Mougayar, 2016.

8. ‣In startup fashion, most attacks
aren’t head-on, start small & look
harmless at first sights, therefore
are ignored
‣So, the banks didn’t feel FinTech
initially, because it crept up
FINTECH HISTORY
MIGHT REPEAT ITSELF

10. BLOCKTECH in INSURANCE SERVICES VIRTUALscape by William Mougayar
INFRASTRUCTURE & BASE PROTOCOLS
MIDDLEWARE & SERVICES
Public Special
Services So0ware Development Special APIs Smart Contracts
Miners Payment
APPLICATIONS & SOLUTIONS
Virtual Capital Ventures © 2016 1.0
Insurance Specific
Source: hEp://startupmanagement.org/blog
Non-Insurance Specific
PlaJorms

11. SOME OF THE USE CASES WE ARE SEEING
1. Claims processing
2. Peer to peer insurance
3. New alternative insurance
4. Ecommerce
5. Flight insurance
6. New markets
7. Micro-insurance
8. Sharing
9. Re-insurance
10. Bond Insurance
11. Trade Finance
(C) William Mougayar, 2016.

12. DIFFERENT WAYS TO IMPLEMENT THE BLOCKCHAIN
New Products
Supporting
Existing
Products
New Markets
New Business
Models
(C) William Mougayar, 2016.

13. STARTING POINTS
• Private Consortiums
• Semi-Private Websites
• Public Blockchains

14. WORKING WITH STARTUPS
‣ Partner to learn and experiment
‣ Become their customer
‣ Invest in them
‣ Buy them
‣ Don’t smother them
(C) William Mougayar, 2016.

17. BLOCKCHAIN IS 90% GOVERNANCE AND
BUSINESS MODELS.
THE OTHER HALF IS TECHNICAL.
Yogi Berra

18. BLOCKCHAIN-BASED CIRCULAR ECONOMY DISRUPTING THE VALUE-WORK EQUATION

19. THE NEXT PHASE OF THE BLOCKCHAIN WILL BE DRIVEN BY BUSINESS

20. VENTURE CAPITAL IS CHANGING

21. FINAL THOUGHTS
‣ Your Innovation Agenda
‣ Theory vs. Implementation
‣ First generation will fail
‣ Startups: Don’t attack incumbents
‣ Token-based models have momentum, big experiment
(C) William Mougayar, 2016.

22. THE 7 R’S FOR THE BLOCKCHAIN
‣ Re-Think
‣ Re-Imagine
‣ Re-Engineer
‣ Re-Start
‣ Re-Intermediate
‣ Re-Regulate
‣ Re-Invest
(C) William Mougayar, 2016.

23. THANK YOU
WILLIAM MOUGAYAR
AUTHOR, THE BUSINESS BLOCKCHAIN
WMOUGAYAR@GMAIL.COM
416-648-7010
@WMOUGAYAR
(C) 2016, ALL RIGHTS RESERVED.