vehicle insurance blockchain prototype - …blockchain as an enabler transaction time from days to...

AJAAVEHICLE INSURANCE BLOCKCHAIN PROTOTYPECHRISTER IDLAND & EMMA RASMUSSON

Copyright © 2019 Accenture. All rights reserved.

Copyright © 2018 Accenture. All rights reserved. 2

How can we reinvent public services with emerging technologies?



VA

LU

E C

RE

AT

ION

TIME

POTENTIAL VALUE

ACTUAL VALUE



GETTING STARTED WITH NEW TECHNOLOGY MIGHT SEEM DAUNTING

WE ARE HERE TO HELP YOU GET GOING IN A SMART AND EFFICIENT MANNER


6

SAVES TIME

REMOVESCOST

REDUCES RISK

INCREASESTRUST

BLOCKCHAIN AS AN ENABLER

Transaction time from days to near instantaneous

Opportunity to simplify processes

Removing overheads and reducing time

Removing costly intermediaries

Tamper proof

Provenance (immutable audit trail)

Make it harder for fraud & cyber crime

Holistic view

Shared processes and recordkeeping

Increased transparency

Single source of truth


MAIJAIN NEED OF A BIGGER CAR

BLOCKCHAIN TRANSFORMATION PARTNER ANTTISELLING HIS

CAR

Tomi Poikola, State Treasury CIO

“Accenture’s in-depth knowledge in technology and design enabled us to complete

the PoC and tangibly demonstrate the business

benefits of the redesigned concept.”

IGNITING REINVENTION


FROM ZERO TO PROTOTYPE IN 8 WEEKS

RAPID PROTOTYPING

Copyright © 2019 Accenture. All rights reserved. 8Copyright © 2018 Accenture. All rights reserved. 8

CURRENT ECOSYSTEM

POLICE

TRAFICOM

LVK

STATE TREASURY

INSURANCE COMPANIES

VEHICLE OWNER & HOLDER

TAX ADMINISTRATION

CAR INSPECTION

GARAGE

VRK

PRH

FINANCIAL INSTITUTES



ECO SYSTEM WITH BLOCKCHAIN

POLICE

TRAFICOM

LVKSTATE

TREASURYINSURANCE

COMPANIES

FINANCIAL INSTITUTES

TAXADMINISTRATION


BLOCKCHAIN ARCHITECTURE

ORDERING SERVICE

PEER CONSORTIUM(TRAFICOM, FST)

PEERINSURANCE A


INSURANCE

COMPANIES

TRAFICOM STATETREASURY

CHANNEL 1 CHANNEL 2

PEERINSURANCE B

IBM BLOCKCHAIN PLATFORM


12

MEET MAIJA & ANTTI

Maija

Wants a car that has enough space for the family.

Antti

Sell the car as easily as possible.



PUTTING THE USERS FIRST


vehicle insurance blockchain prototype - …blockchain as an enabler transaction time from days to...

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