Smart Contracts: Opportunities and Challenges
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Transcript of 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