smart contracts: opportunities and challenges

Smart ContractsOpportunities & Challenges

Casey KuhlmanCEO

@compleatang, @monaxHQ

What are blockchains, smart contracts, & ecosystem applications?

Blockchains

Event logsassumed to be operated

and ordered across multiple organizations

Who did what when

Data Assurance

Smart Contracts

Scriptsassumed to be operated

and verified acrossmultiple organizations

Who didwhathow

Process Assurance

Ecosystem Applications

Applications operatedby multiple organizations

The real paradigmshift

What problems can ecosystem applications address?

HypothesisExisting systems of coordination are costly

Authenticity & attribution costs

Reconciliation costs

Coordination costs

Business Problem...

Authenticity & attribution costs

Reconciliation costs

Coordination costs

Chain of custody

Supra-organization focus

Defend old lines of business or transform

Business Problem... Business Requirement...

Authenticity & attribution costs

Reconciliation costs

Coordination costs

Chain of custody

Supra-organization focus

Defend old lines of business or transform

Business Problem... Business Requirement...

Data Assuranceacross organizations

Process Assuranceacross organizations

New Opportunities to co-create value

Ecosystem Apps Provide...

What will ecosystem applications be doing for us in 3-5 years?

Data Assuranceacross organizations

Process Assuranceacross organizations

New Opportunities to create value

Ecosystem Apps Provide...

Data Assuranceacross organizations

Process Assuranceacross organizations

New Opportunities to create value

Real-time

On-Demand

Resilience to evolving risks

Ecosystem Apps Provide... Market Demand...

Data Assuranceacross organizations

Process Assuranceacross organizations

New Opportunities to create value

Real-time

On-Demand

Resilience to evolving risks

Ecosystem Apps Provide... Market Demand...

Parametric Insurance

On-Demand Insurance

Risk Securitization

Use Case...

How will we get there?

Educate

Value proposition clarityMindset shift required

Experiment

Viable use casesPath to production

Prototype

Remove scaffoldingExtend participants

Go Live!

Harden, harden, hardenGovernance framework

https://monax.io

Q&A