Delving deeper than the buzzwords, this workshop will take you through the concepts of distributed ledger technology (DLT), blockchain, bitcoin, tokenization and other complex terminology, helping you distinguish the difference between them. Private and public blockchains will be explained and you will gain an understanding of how they can deliver trust and transparency.
The session will look at key application use cases to demonstrate how value can be optimized – across financial services, insurance and beyond.
Workshop Leader: Christopher McDaniel, President, The Institutes’ RiskBlock Alliance & Patrick Schmid, Vice President, The Institutes’ RiskBlock Alliance
This session will determine what problems within the insurance industry blockchain can and can’t solve, walking you through the practical steps to demonstrate the value of blockchain to solve specific business problems. We will answer questions such as why blockchain vs. other technologies? How to demonstrate ROI and value? How to get business buy-in for a blockchain project.
Through practical examples, the workshop leader will demonstrate how to build blockchain use case scenarios:
Workshop Leader: Dawn LeBlanc, Managing Director, Hartford InsurTech Hub
Blockchain is a collaborative technology and requires multiple stakeholders to work together on a blockchain use case, through to scalability. This session will explore the core principles of successful collaboration – including how to identify the right partners, how to optimize engagement from the outset and how to develop a state of readiness across the stakeholder group.
The session will then review the considerations that need to be addressed when establishing a MOU and getting the building blocks in place. How will you as a collaborative group identify and agree blockchain priorities? How will you prepare to address the data and technical barriers to blockchain implementation?
As you link your organization to multiple third parties on the chain, with that comes risks with data sharing, governance, IP, cyber security and more.
This session will elucidate the different options for governing and administering your blockchain. It will explore all of the key questions around who should control identity and what your roles and rights will be working with this new technology.
Workshop Leaders: Susan Joseph, B3i North America Representative, B3i & Wendy Callaghan, Chief Innovation Legal Officer, AIG