smart contracts: opportunities and challenges
TRANSCRIPT
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Smart ContractsOpportunities & Challenges
Casey KuhlmanCEO
@compleatang, @monaxHQ
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What are blockchains, smart contracts, & ecosystem applications?
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Blockchains
Event logsassumed to be operated
and ordered across multiple organizations
Who did what when
Data Assurance
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Smart Contracts
Scriptsassumed to be operated
and verified acrossmultiple organizations
Who didwhathow
Process Assurance
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Ecosystem Applications
Applications operatedby multiple organizations
The real paradigmshift
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What problems can ecosystem applications address?
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HypothesisExisting systems of coordination are costly
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Authenticity & attribution costs
Reconciliation costs
Coordination costs
Business Problem...
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Authenticity & attribution costs
Reconciliation costs
Coordination costs
Chain of custody
Supra-organization focus
Defend old lines of business or transform
Business Problem... Business Requirement...
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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...
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What will ecosystem applications be doing for us in 3-5 years?
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Data Assuranceacross organizations
Process Assuranceacross organizations
New Opportunities to create value
Ecosystem Apps Provide...
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Data Assuranceacross organizations
Process Assuranceacross organizations
New Opportunities to create value
Real-time
On-Demand
Resilience to evolving risks
Ecosystem Apps Provide... Market Demand...
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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...
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How will we get there?
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Educate
Value proposition clarityMindset shift required
Experiment
Viable use casesPath to production
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Prototype
Remove scaffoldingExtend participants
Go Live!
Harden, harden, hardenGovernance framework
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Q&A