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i just so much uh whether it welcome my name is stefan i'm one of the three
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co founders of user is we all three here so please finals after this presentation
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we are building these centralise the insurance i like to think
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of it as reinventing insurance on the block chain
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let me walk you through a very concrete very tangible example
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this is the flight delay insurance the flight delayed bad
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we have released is over a year ago now for what they have gone through the user resume developer
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conference and i will quickly walk you through the process
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so you understand what the centralise insurance means
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and what are the consequences for this huge huge industry
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this is a normal websites you use it to interact with the
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smart contract that is sitting on the server young block chain
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you can use it right now you can try it yourself at f. t. d. w. server is dot com
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so we select the flight here we're flying from j. f. k. through one in his room
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and we are presented with a policy the policy shows us
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exactly how much we will get paid out
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if this particular flight will be delayed
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so in that case the flight is cancelled we get started times our premium
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in the flight uh in the case the flight is delayed by fifteen to twenty nine minutes
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we would get around um seven times what we paid him
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if i click apply here um my my browser
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pops up this is made to moscow browser plugin uh which gives you a wallet in your web browser
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and as soon as you accept this transaction you transfer are a
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small amount of money the premium to the smart contract
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you also tell the smart contract your flight data and that's it that's the last step
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that's ever needed there is no more interaction needed there is no claims process whatsoever
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as soon as your flight is delayed you ought to magically get the payout and the best saying there
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is no insurance company involved it's charts software it's just the smart contract on the block chain
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nobody can deny you this payout nobody can control it and
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we think this is a huge huge benefit and
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the great user experience to the nice thing about this is we can apply the very very same principle
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two other insurance radicals and we have down so we've got
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got null uh a lot of great feedback on this
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and we have implemented this was way down and came up with the
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way the basic crop insurance and i spare you the details
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but takes it works exactly the same way as to fly to lay insurance just with the with the different data sources
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and as soon as the weather is too bad for
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your crop to to bring your revenue you get
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automatically uh pay out the interesting thing here is is
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unable is completely new markets a farmer in
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many african countries at the moment has no chance to get such an insurance because it just does
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not pay it does not work from a commercial
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perspective for the insurance companies to offer such
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a product with a smart contract and the senseless insurance
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is makes perfect sense it's a zero sum game
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there is no insurance company involved it needs to make money on this so we can have
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insurance is with something like a one dollar per month spring you know that's not possible to that
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high level architecture very simple it's a smart contract sitting on the three um block chain
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it's interacting with what we call an oracle at bay thesaurus that's off line
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it's a it's a web database flights that's not common in one example
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and you have the user interface this can be a web application or it
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also works in status which is a more well with the re inclined
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our mission our goal we think is is she highly beneficial for consumers it will make
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in insurance much much more transparent provable
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the fear and highly standardised
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and we think it's can cover the whole value chain of insurance
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we have really is the few papers on this white paper already last year um we
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have came i agree are we're coming up with a tall model for a platform
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token to enable everybody including you to come up with new insurance products and deploy
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them very easily on the block chain and um this is our road map
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so we're in two thousand seventeen we're building up our team we have about thirty people now
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working on this project we are doing a lot of educational work was the regulators we
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think it's super important to talk to the regulates as educate them about log chain and
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smart contract we're working in four years addictions now we recently joint enterprises ream alliance
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and we hope that this year maybe early next year we will sell the
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first insurance fully licensed fully regulated over the it three um block chain
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and in two thousand nineteen at least we will have a nice
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platform and a nice community and you don't invest in the startup you invest in an industry in
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a t. centralise form of an insurance industry so we have a lot of pick challenges
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and um well actually we have a very very good people
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and i'm i'm especially proud to announce to new advises to our teens today
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um which is william we are and shake workman and we are very happy to have
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you guys it's a it's a pleasure to be working with you on this
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we have recently moved to decrypt the valley in through have found very good partners there was
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like site partners and enact a k. ralf has just try and our board of advisers
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and we have also recently announced working was co founded preparing a token sale and i know that's
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that's what you are all waiting for i want to give you a tape not yet
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so um we will have a token say later this year we're preparing
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this we want to be very safe from the regulatory side
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investing a lot of time in k. y. c. and identifying our investors yeah and
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one more saying we strongly believe in that sharing and fostering the community
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so we will have a developer conference on the topic of essential lust insurance
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this will take place one day before the big if
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the real developer conference that country in in cancun
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and i'm happy to see many of you there to talk about essential lust insurance

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Conference program

Welcome and opening remarks
15 Sept. 2017 · 9:25 a.m.
446 views
Tokens Generation on the Blockchain
William Mougayar, General Partner, Virtual Capital Ventures
15 Sept. 2017 · 9:29 a.m.
145 views
Panel Discussion: Inside the Token Economy, moderated by David Wachsman
Alexander Bulkin, Ransu Salovaara, Dominic Zynis, John Quinn, Resp: Co-founder, CoinFund.io - CEO, TokenMarket - Co-founder, WINGS Foundation - Co-founder, Storj
15 Sept. 2017 · 9:54 a.m.
Swiss Finance in Transition
Olga Feldmeier, CEO, SMART VALOR
15 Sept. 2017 · 10:32 a.m.
Panel Discussion: IPO 2.0: How Blockchain is Disrupting Venture Capital and Investment Banking? Moderated by Marc Badertscher
Jamie Burke , Kenzi Wang, Eddy Travia, Richard Muirhead, Resp: Founder & CEO, Outlier Ventures - Managing Partner, Superbloom Capital - CEO, Coinsilium - General Partner, Open Ocean
15 Sept. 2017 · 11:19 a.m.
102 views
Panel Discussion: State of ICO Market – Cutting through the Hype, moderated by Daniel Haudenschild
Richard Kastelein, Daniel Zakrisson, Alexander Ivanov, Miko Matsumura, Resp: Co-founder, Cryptoassets Design Group - Co-founder, Cofound.it - CEO and founder, Waves Platform - Partner, Pantera Capital
15 Sept. 2017 · 11:54 a.m.
Fireside Chat: Investor Journey: from Bitcoin to VC. Moderated by Eric van der Kleij
Richard Moorhead, Olga Feldmeier, Charles Hoskinson, Resp: General Partner, Open Ocean - CEO, Smart Valor
15 Sept. 2017 · 1:42 p.m.
Pitch DomRaider
15 Sept. 2017 · 2:19 p.m.
Pitch Science
15 Sept. 2017 · 2:30 p.m.
Pitch Swapy / Credit Dreams
Edmilson Rodrigues, CEO
15 Sept. 2017 · 2:38 p.m.
Pitch Modex
15 Sept. 2017 · 2:45 p.m.
Pitch Etherisc
Stephan Karpischek
15 Sept. 2017 · 2:54 p.m.
Pitch RecordGram
15 Sept. 2017 · 3:02 p.m.
Pitch AION / NUCO
15 Sept. 2017 · 3:11 p.m.
Pitch BitBoost
15 Sept. 2017 · 4:14 p.m.
Pitch Sweetbridge
15 Sept. 2017 · 4:20 p.m.
Pitch Streamr
Henri Pihkala, CEO
15 Sept. 2017 · 4:29 p.m.
Pitch RightMesh
15 Sept. 2017 · 4:36 p.m.
Pitch Sun Exchange
15 Sept. 2017 · 4:44 p.m.
Pitch Papyrus
15 Sept. 2017 · 4:50 p.m.
PanelDiscussion ICO Best Practice, moderated by John Hacker
Nicolai Oster, Michael Terpin, Arie Y. Levy Cohen, Andreas Glarner, Resp: Head of ICO, Bitcoin Suisse - CEO, Transform Group - President, Blockhaus - Partner, MME Legal
15 Sept. 2017 · 5:03 p.m.
155 views
Investor Jury Announcement and Closing Remarks
Olga Feldmeier, CEO, SMART VALOR
15 Sept. 2017 · 5:50 p.m.