Long Finance Autumn Conference 2018 - Smart Ledgers & Risk

Smart Ledgers are mutual distributed ledgers (MDLs, aka blockchains: multi organisational databases with a super audit trail, used in cryptocurrencies) combined with embedded programming and sensing. Smart Ledgers are particularly suited to identity, document, and agreement exchange, and are a technology for fair play in a globalised world. But how do they work and what are the risks? Long Finance is delighted to invite you to an exciting half-day conference on one of the hottest topics around banking and insurance. Our conference will explore three important areas for Smart Ledgers: Disrupting the insurance-linked securities and cyber insurance sectors, challenging the regulators of jurisdictions around the world, and potentially disrupting GDPR, anti-money-laundering, and know-your-customer bureaucracy. And we are launching three deep reports on each topic below:

1.Cyber-Catastrophe Insurance-Linked Securities - Pilot: The launch of a report and demonstration of a prototype. The trial will build a cyber-catastrophe insurance-linked security (ILS) that polls networks in a geographical area to determine whether they are functioning correctly. The polling system will trigger a contract payment if a threshold of non-functioning nodes in the network is reached. This trigger could, in turn, be linked to a tradable security.

2. Smart Jurisdiction Index: The introduction of a new index. What started as a survey of the regulatory environment for Smart Ledgers has evolved into a potential index of ‘Smart’ cities. Can we rank and rate these cities based on the below criteria (“IDLP” acronym), and if so, what are the instrumental factors?

  • I = Identity: How much is happening generally in a site, its viability
  • D = Documentation & Agreements: How standards-type agencies are agreeing the nuts and bolts
  • L = Legal & Regulatory: What are the mechanisms for enforcing contracts
  • P = Payments & Currencies: How are SL payments used/not used

3. Rules & Permissions: The launch of a new report: Markets depend upon permissions, i.e., rights or authorisations to do something. Since the time of the first markets, before the beginning of recorded history, the complexity of such permissions has multiplied. This increase in complexity has accelerated in recent decades, as information technologies have increased globalisation and de-materialisation of markets. In order to effectively manage such permissions in contemporary markets, we propose that a new framework for defining and managing distributed permissions is needed; what one might call a species of “information rules”. The goal of this report is to consider how Smart Ledgers could implement such a permissions framework, by exploring “out of the box” approaches, rather than recommending an evolution of current frameworks and technology.

The booking fee includes refreshments and copies of the reports.


8:30 - 8:50

Registration, Coffee & Networking

8:50 - 9:15

Welcome & Introduction

Professor Michael Mainelli, Executive Chairman, Z/Yen Group

9:15 - 10:00

Cyber-Catastrophe Insurance-Linked Securities – Pilot

Professor Michael Mainelli, Z/Yen Group, Sam Carter, Financial Sector Researcher and Quant Developer

10:00 - 10:15

Coffee Break & Networking

10:15 - 11:00

Smart Jurisdiction Index

Mike Wardle, Head of Long Finance Financial Centre Futures, Greg Williams, Z/Yen Group

11:00 - 11:15

Coffee Break & Networking

11:15 - 12:00

Information Rules & Permissions

Maury Shenk, Managing Director, Lily Innovation

12:00 - 12:45

Panel Discussion & Questions

12:45 - 13:00

Summing Up & Next Steps

Wednesday, 14 November 2018

8:30 - 13:00


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