Mini-Workshop

Mini-Workshop on Smart Contract and Decentralized Insurance

August 3, 2022
9:00 to 11:30 a.m.
Chancellor Ballroom, I-Hotel
1900 S. First Street
Champaign, IL

The workshop is free to all participants of the 2022 Actuarial Research Conference. Please indicate on the ARC registration form if you wish to attend. Other interested participants can contact ARC-2022@illinois.edu.

The purpose of the mini-workshop is to bring attention to emerging blockchain technology applications in the insurance space. The mini-workshop is at the beginner’s level and is intended for students, industrial professionals, and academics. Participants can learn smart contract basics and current state of insurance applications.

Topics

Introduction to Blockchain and Smart Contracts

Smart contracts are programs that run to allow for one or more users to interact with a set of instructions held on-chain. These instructions can allow for coordination between multiple users and for systems to be built where users do not need to trust one another in order to trust the outcome of the program.

Overview of Decentralized Finance

DeFi is made up of a diverse ecosystem of ‘primitives’ that allow for different types of actions to be taken by many users of a given primitive. For example, a Decentralized Exchange is implemented as a set of contracts that allow for users to sell and buy tokens from one another at the price agreed upon by the market, (in this case the DEX). DeFi allows for financial instruments such as lending and borrowing, bonds, synthetics, and many more innovative things that are not available in the Traditional Finance or TradFi industry.

Speakers

Riley Kilgore, an engineer that graduated from the University of Washington with a degree in Computer Science and Mathematics. He has been interested in crypto since running a BTC node in teenage years. Since graduating, Riley has helped to start the first Decentralized Autonomous Organization (DAO) on the Cardano Blockchain, called ADAO, and continues to work on open-source code within this community.

Agenda

9:00 – 9:10 a.m.  Welcome Remarks
9:10 – 9:50 a.m.  Introduction to Blockchain and Smart Contract
9:50 – 10:30 a.m. Overview of Decentralized Finance
10:45 – 11:25 a.m. Challenges and Opportunities for Decentralized Insurance
11:25 – 11:30 a.m.  Closing Remarks and Networking

Further information about the mini-workshop will be provided to registrants.

Join us as we explore the rapidly evolving landscape of decentralized insurance.