Legal & general’s ‘Blockchain’s got talent’ competition opens for entrants – part of Blockchain Summit London 2017.

04 October 2017

  • First ever insurance blockchain competition focused on open sourcing, looking for GDPR solution
  • £10,000 prize for winning team or individual, with money being converted into product
  • Part of Blockchain Summit London being held in November 2017

Legal & General, the FTSE 100 insurer, has launched the first ever insurance blockchain competition focused on open sourcing, looking for a solution for personal identifiable information management and GDPR compliance for future insurance solutions.

This is being hosted as part of the Blockchain Summit London 2017, being held at the Olympia Conference Centre on Tuesday 28 November.

Three expert judges from Legal & General - Graeme Findlay (Head of Digital Engagement), David Robertson (CEO of Legal & General Insurance) and Maarten Ectors (Chief Digital Officer, General Insurance) - will be joined by Adam Vaziri, CEO of fintech company Diacle, searching for the best submission.

The winning team will be awarded a £10,000 prize, with the money being converted into a minimum valuable product.

Those interested in applying need to upload a short video explainer of their product via the following link:

http://blockchainsummitlondon.com/blockchains-got-talent. Entry closes on 21 November and the top five teams or individuals will then be chosen to present at Legal & General’s ‘Blockchain’s Got Talent’ at the Blockchain Summit London 2017 on 28 November.

At the event, you will be expected to demonstrate on-stage your next-generation blockchain solution for GDPR compliant personal identifiable information handling.  

Maarten Ectors, Chief Digital Officer, Legal & General Insurance comments: “We are really excited to be sponsoring this initiative and are looking forward to assessing all of the entries. We are encouraging teams to enter by creating a simple one-minute video and will be judging the demo on how compliant, secure, easy to use and performant it is. Technology is already playing a major role in shaping the future of the insurance industry and is set to play an increasingly important part in how we work towards making life better for our customers. The Blockchain Summit London is set to be a major event for the blockchain community and with such a huge prize at stake we hope the competition will be a great success.”

-Ends-



FURTHER INFORMATION (JOURNALISTS ONLY)


Alyson Bowcott
PR Manager
07764 582574
alyson.bowcott@landg.com

Sophie Placido
020 7440 8670
landg@rostrum.agency

 

NOTES TO EDITORS
The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.
 

ABOUT LEGAL & GENERAL
The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.

The Legal & General Group, established in 1836, is one of the UK’s leading financial services companies. As at 31 December 2016, the total value of assets across the group was £894.2 billion, including derivative assets. We also had over nine million customers in the UK for our life assurance, pensions, investments and general insurance plans.
 

SmartQuote
The Legal & General new product has two options – Gold and Silver.  Gold is the most comprehensive cover, including things like Extended Accidental Damage, Home Emergency and Trace & Access cover as part of the policy. Legal & General customers will be presented the Silver and Gold options when they apply, and can also configure bespoke “add-ons” to make their cover more personal to their needs.