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

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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?”

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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

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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

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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

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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