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Company Presentation Team 17: Sara Latorre Beatriz Martinez

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Presentation on theme: "Company Presentation Team 17: Sara Latorre Beatriz Martinez"— Presentation transcript:

1 Company Presentation Team 17: Sara Latorre Beatriz Martinez
Maria Peverelli Daniel Posada

2 A real problem…

3 THEFT + FRAUD = $50 billion annually to insurance companies
A real problem… DIAMOND WARS UNITED STATES WARS RWANDA Deaths caused by wars founded by blood diamond profits. Total military death from all wars since 1775 combined. Deaths caused by Rwanda Genocide. = 100,000 DEATHS BLOOD DIAMONDS CAUSE: Human rights Violation Child Labor Smuggling and corruption Violence Environment Problems Health and Safety Issues THEFT + FRAUD = $50 billion annually to insurance companies

4 Everledger: the digital vault of the future
Founded on April 10, 2015 in London Global digital ledger to protect valuable items against fraud and theft Over 1,000,000 uploaded Where did it come from? Where is it now? Founded by entrepreneur Leanne Kemp Who sold it? Life Story of a valuable item Digital global ledger that tracks and protects valuable items throughout their lifetime journey – so that provenance (Life story of an item) is not lost in paper. For items that have a value related to its origin and its history (diamonds, watches, art, jewelry). Main black markets: theft and fraud (someone asking for the insurance claim when the item has not been stolen or lost to resale it later). Business-to-business service. Important for all the players in the supply chain of an item, including insurance companies and retailers. 10 years of experience in jewelry industry, three previous startups with exits to public companies: absoft (software solution), multicard (full-service identification and security integrator), the great Australian survey (data supplier for direct marketing and market research). Barclays 13-week program: Mentoring from leading entrepreneurs and FinTech industry experts, Up to $120,000 investment from Techstars, Lifetime membership of the prestigious Techstars alumni community Techstar from 2015 Barclays Accelerator Where is it being sold and resold? Who bought it? Monetization – access to data, research and recovery, and licensed platform

5 Everledger: how it works
Certification Houses Valuable Asset’s Unique Characteristics Hybrid Blockchain Immutable, fast and secure Law Enforcement Agencies Defining characteristics of the asset create a thumbprint that is used by various stakeholders across a supply chain pipeline to form provenance and verify authenticity For it to work effectively, Everledger needs to scale, that’s why the partners are important! Has all the major certificate houses signed up, plus four of the major London-based insurance companies. Kemp says it’s in discussions with police, Interpol and Europol who are also interested in what the tech offers — from a crime detection and prevention point of view. Through Everledger's API, each of these parties can access and supply data around the status of a stone, including police reports and insurance claims Unique DNA of diamond: calculated from 40 data points related to each stone – alongside the Four C's. Any diamond over 0.16 carats will also have a serial number inscribed on its girdle during the grading process Insurers Each diamond’s “DNA” is built from 40 data points, besides the “4 Cs” All diamond certificates can be cross-referenced Public Police reports, insurance claims and sensitive data Private – Limited Access

6 The future of Everledger
Jewelry High-end watches Luxury Cars Luxury Goods The Future New asset classes New partners, focus on the supply chain Revenues: data access, platform licensing. Electronics Items with a serial number Transforming the luxury goods market by “protecting provenance” Today: >1M diamonds secured Access to data (transparency + security) Other Assets Fine Arts Antiques & Collectibles (wine bottles) Unique Objects More Blood diamonds Ivory trade Other ‘blood problems’

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