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Mougayar chicago blockchain_insurance presentation_nov8_2016

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

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Mougayar chicago blockchain_insurance presentation_nov8_2016

  1. 1. BUSINESS BLOCKCHAIN FOR INSURANCE: VISION OR REALITY? WILLIAM MOUGAYAR AUTHOR, THE BUSINESS BLOCKCHAIN
  2. 2. DEFINING TECHNOLOGY ERAS (C) William Mougayar, 2016.
  3. 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. 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. 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. 6. WHAT IS THE BLOCKCHAIN? (C) William Mougayar, 2016.
  7. 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. 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
  9. 9. 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
  10. 10. 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.
  11. 11. DIFFERENT WAYS TO IMPLEMENT THE BLOCKCHAIN New Products Supporting Existing Products New Markets New Business Models (C) William Mougayar, 2016.
  12. 12. STARTING POINTS • Private Consortiums • Semi-Private Websites • Public Blockchains
  13. 13. WORKING WITH STARTUPS ‣ Partner to learn and experiment
 ‣ Become their customer ‣ Invest in them ‣ Buy them ‣ Don’t smother them (C) William Mougayar, 2016.
  14. 14. BLOCKCHAIN IS 90% GOVERNANCE AND BUSINESS MODELS. 
 
 THE OTHER HALF IS TECHNICAL. Yogi Berra
  15. 15. BLOCKCHAIN-BASED CIRCULAR ECONOMY DISRUPTING THE VALUE-WORK EQUATION
  16. 16. THE NEXT PHASE OF THE BLOCKCHAIN WILL BE DRIVEN BY BUSINESS
  17. 17. VENTURE CAPITAL IS CHANGING
  18. 18. 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.
  19. 19. 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.
  20. 20. THANK YOU WILLIAM MOUGAYAR AUTHOR, THE BUSINESS BLOCKCHAIN WMOUGAYAR@GMAIL.COM 416-648-7010 @WMOUGAYAR
 (C) 2016, ALL RIGHTS RESERVED.

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