#171 Actuarial Blockchain Educational Videos

By mjthestudentactuary

Summary

We would like to create Actuarial videos that educate people on blockchain's potential and reward the top comments with SmartCash.

Description

Intro

My name is Michael Jordan and I host a Youtube Channel called MJ the Student Actuary (10 000 subscribers, 1 million total views). I've studied Actuarial Science for 7 years and have passed all the professional exams for the Fellowship for the South African Society as well as for the international profession, the Chartered Enterprise Risk Actuaries. I specialized in Investments and Banking and can see blockchain bringing about a Financial Revolution.

Videos

I want to start by making the following videos:

  • Blockchain and Reinsurance: The new way to transfer risk.
  • Blockchain and Catastrophe Bonds: How granulation can open up this new asset class.
  • Blockchain and Foreign Markets: How international barriers have been broken down.
  • Blockchain and Tax: How cryptocurrencies can invent a more efficient economy.

The bulk of the videos will be based on the Actuarial Syllabus but students in finance, business, accounting, investments, and economics will be able to benefit from them. The videos will also bring in a more mature audience of professionals working in these sectors.  

Structure

Each video will be around 10 minutes in length. They will start with the SmartCash logo before diving into the material. At the end of the video, a feature of SmartCash will be mentioned and the viewers will be told that the top comment by the end of the week will earn $25 in SmartCash. This will encourage viewer engagement and get people creating SmartCash Wallets.

Benefit to SmartCash

These videos allow SmartCash to get exposure to Smart people. People in these industries have the purchasing power to become serious investors and some of them may even represent the billion-dollar, institutional investors.

Budget

  • Marketing the videos: $300 (over 4 weeks)
  • Creation of content: $800 (for 4 videos)
  • Prize for Top Comment: $100 ($25 per video)

Total Amount: $1200

Deliverables

The aim is to get the 1st video out at the beginning of April and release one every week for the rest of the month.

Each video's objective is to get 2000 views and a meaningful discussion in the comment section.

Example

Please feel free to browse my channel and watch my videos: https://youtu.be/a9KorPa5iu8

Categories

Outreach

Milestones

Date Amount (US$) Amount (Σ) Description Status
April 02, 2018 300.00 17,968.05 Video 1: Blockchain and Reinsurance: The new way to transfer risk. -
April 09, 2018 300.00 17,968.05 Video 2: Blockchain and Catastrophe Bonds: How granulation can open up this new asset class. -
April 16, 2018 300.00 17,968.05 Video 3: Blockchain and Foreign Markets: How international barriers have been broken down. -
April 23, 2018 300.00 17,968.05 Video 4: Blockchain and Tax: How cryptocurrencies can invent a more efficient economy. -
* Estimated

Requested Amount

  • Total USD: 1,200.00
  • Estimated SMART: 71,872.19
  • Estimated BTC: 0.36511075

Schedule

  • Created Date: Thursday, February 15, 2018
  • Voting Deadline: Thursday, March 1, 2018 13:51:00 UTC
  • Payment Date: Payments will be made in accordance with the delivered milestones

Status

  • Completed

Votes

91.29%
Yes (442,701.65)
7.82%
No (37,904.38)
0.89%
Abstain (4,325.59)

Voting Audit

Address Voting Power Vote Is Valid

Comments

  • fiatluxx 02/18/2018 10:14

    I checked and MJ the Student Actuary actually does have a youtube channel with over 10K subscribers. For all who may not know an actuary is, "a person who compiles and analyzes statistics and uses them to calculate insurance risks and premiums." I would personally like to view the content that he is proposing to make and I think the Smartcash giveaway is a great idea. For the amount of Smart he is proposing I think it's a bargain. Good luck to you, you have my support.

    mjthestudentactuary 02/18/2018 14:06

    Thanks so much for your support. I'm happy to share the content with you. For example: Video 2 will be about Blockchain and Catastrophe Bonds: How granulation can open up this new asset class. First off a Catastrophe Bond is a fairly new financial instrument used to transfer risk. Traditionally you pay an insurer a premium (say $100) and if a risk event occurs (like you crash your car) then the insurer pays you a benefit (say $2500) to repair the damage. A Catastrophe Bond works in reverse. The benefit is paid upfront and only if the risk event doesn’t occur will the benefit be repaid with an additional premium. So in our example above you would be paid $2500 by your insurer and if you don’t crash your car you give them back $2500 plus $100 premium. If you do crash your car, you use the $2500 to repair it. Catastrophe Bonds, like the name suggests, are used to insure catastrophes like earthquake damage to a city. An insurer/investor will give billions of dollars to a city so that they already have the money to react quickly to the disaster if it occurs. If it doesn’t occur, the city gives back the billions plus a little bit more. Investors love Catastrophe Bonds because they are uncorrelated to other asset classes. This means they increase diversification of a portfolio which results in less risk for a given level of reward. The problem is that Catastrophe Bonds are billion dollar instruments and only the biggest investors/Insurers can afford them. Blockchain, however, can solve this problem through granulation. Granulation is the way 1 Bitcoin can be split into 1 million fragments called Satoshis. These Satoshis can be transferred on their own. If a Catastrophe Bond is placed on the Blockchain it can be fragmented into smaller sizes that will allow everyday investors to acquire them. How would this look in practice? Imagine buying SanFranCoins for $1 each. The money is given to the city of San Francisco and they agree to buy back every SanFranCoin at the end of the year for $1.2 if no earthquakes occur before then. A SmartContract that is connected to a decentralised seismometer could even be set up that automates the payment. In this case, the city only gets to touch the money if a seismometer reading is positive for an earthquake and if the reading is negative, then the money is returned to the coin holders. Of course, a decentralised seismometer reading is a topic for another day. People would be able to trade SanFranCoin on crypto-exchanges which give the asset another level of liquidity that it didn’t enjoy before. Catastrophe Bonds are a massive leap forward for disaster recovery and Blockchain can allow everyone to get involved in this new way of transferring risk. I’ll start writing up the content of the other videos so that you can review them as well. All questions are welcome. I hope these videos bring SmartCash a lot of attention from a financial audience that is often difficult to capture.

    mjthestudentactuary 02/19/2018 14:37

    Here it is in an easy to read format: https://medium.com/@michaeljordan_70408/blockchain-and-catastrophe-bonds-how-granulation-can-open-up-this-new-asset-class-a643d27cfc54

    mjthestudentactuary 02/21/2018 08:25

    The one on Reinsurance is ready for you to check out https://medium.com/@michaeljordan_70408/blockchain-and-reinsurance-the-new-way-to-transfer-risk-e0283cc2a020

  • fiatluxx 02/23/2018 12:37

    Thanks Michael, can't wait to see the videos.