innovation showcase: blockchain€¦ · 11 | the institutes –riskblock alliance riskblock value...
Post on 20-Apr-2020
2 Views
Preview:
TRANSCRIPT
INNOVATION SHOWCASE:BLOCKCHAINDavid Treat, Global Blockchain Lead
CHAINBLOCKCHAIN
May 2018
Copyright © 2018 Accenture. All rights reserved. Source: https://www.visionetsystems.com/blog/tear-down-those-silos/
WE ESTIMATE >30% OF A BUSINESSES COST BASE IS LOCKED UP IN DATA MESSAGING AND QUALITY ISSUES
Copyright © 2018 Accenture. All rights reserved.
BLOCKCHAIN = BUSINESS TRANSFORMATION
SHARED DATASYSTEMS
TRADITIONAL DATA SYSTEMS
“I see what you see”
“Can you send me what I need?”“Here’s what I know, what do you know?”
“How can we align?”“Did you receive it?”
“Is it right?”
Copyright © 2018 Accenture. All rights reserved.
Provenance
We know where it came from and
can trace its’ complete history
Tamper Evidence
We know if someone has
tried to change it
Control
We can control what someone can see and do
at a data element level
Security
We can encrypt and segregate data at a data element level
FOUR KEY FEATURES CREATE THE CONFIDENCE
Copyright © 2018 Accenture. All rights reserved.
Two models of blockchain solutions
Mutualized Data
Mutualized Data Creating a Single Source of Truth
Tokenized Value Transfer
Initiates transfer of asset tokenized on the blockchain
Receiver’s account is credited with
asset tokenTokens
Transferred
Sending Bank Receiving Bank
7Copyright © 2018 Accenture. All rights reserved.
BLOCKCHAIN STATE OF PLAY
Version 1s are ready and will drive real change -> and much more innovation ahead
Our work is changing from ‘Show me if/how it works’ to ‘tune it to fit my needs’
Security is ‘KEY’ and we have differentiated solutions
Interoperability is required and we
have a unique solution
Identity is core to Blockchain and
we are shaping the market
Blockchain is a team sport; an ecosystem of
value for all participants is required
8Copyright © 2018 Accenture. All rights reserved.
THREE BLOCKCHAIN DEPLOYMENT PATTERNS
Data Data
UX
Logic
UX
Logic
UX
Logic
Data
Central infrastructure leader
Consortium of Peers Platform Install BaseConverted to Network
9 | The Institutes – RiskBlock Alliance
The Institutes RiskBlock Alliance
10 | The Institutes – RiskBlock Alliance
RiskBlock Charter and Mission
• The Institutes RiskBlock™ Alliance was formed in 2017 to create the insurance industry’s first enterprise-level blockchain consortium.
• It is now comprised of over 30 leading insurance, reinsurance, and brokers
• The RiskBlock Alliance seeks to leverage blockchain technology to lower industry transaction costs while increasing the speed and security of data transfers among customers, industry stakeholders, and third parties
• Accenture has been selected by the RiskBlock Alliance to serve as the framework solution provider responsible for building a production-grade platform to develop and implement blockchain use cases.
• This platform will enable the RiskBlock Alliance to bring 19 insurance use cases across P&C and Life, Annuity, and Retirement into production by the end of 2018
11 | The Institutes – RiskBlock Alliance
RiskBlock Value Proposition
Backed by The Institutes and trusted by the Risk and P&C Insurance industries for over 100 years
Partnering with LIMRA to bring Blockchain To the Life, Annuity and Retirement space
Collaborating with multiple industry associations across theInsurance space
Non-biased, industry focused non-profit and member owned
Certified Blockchain Professional andCertified Blockchain Engineer programs
Certified RiskBlock ReadyDesignations for Solution Providers
No science experiments! Focused on creating real world production
applications that bring value to members
Build once, use many approachto architecture, use cases and reusable tool kit components
Platform agnostic, supporting the building of and communication between various current and future flavors of Blockchain
Use it and lose it philosophy of not storing members important data on the Blockchain
Multiple Use Case build approaches: Member Only, Collaborative, Solution Provider Focused, RiskBlock Only
or a Hybrid of any of these options
First true industrywide risk and insurance consortium cutting across all insurance industry sectors
top related