1 Blockchain in a day APG Groei Fabriek

1 Blockchain in a day APG - Groei. Fabriek

Introduction 2 The largest pension service provider in the Netherlands and one of the largest in the world. APG manages the pension assets of around 4. 5 million Dutch citizens for its clients. We perform a responsible task for one in every five families. APG invests 450 billion euros for pension funds with the greatest possible care. 3200 people working in offices in New York, Amsterdam, Heerlen, Brussels and Hongkong. Hidde Terpoorten APG Blockchain Lead Background Bsc Industrial Engineering Founding father and key partner of Brightlands Smart Services Campus and Techruption Community. Msc Financial Engineering Certified Financial Risk Manager Contact Mail: hidde. terpoorten@apg. nl Phone: 0031 (0)6 53 41 97 16

3 3 Challenges in the pension industry Pension challenges New Pension Contract Flexible careers and personal agency Longevity Individuals vs communities PUO challenges Legacy systems Control Cost & Investments Culture Owner-ship

4 4 Innovation challenges Can we provide new relevant and personal services Can we lower costs for the participant Can we create a more agile and flexible business(culture) to withstand external pressures. Can we leverage new technologies like blockchain and AI

5 Innovation Organisation The Lab The Ecosystem Experiments Partnerships APG - Groei. Fabriek

How we experiment 6 Horizon I Incremental improvement Business implementation Scale-out Create your own start-up Horizon II Explore (Discovery) Idea generation Implementation in the existing business Experiment (Concepting & prototyping) Execute (Delivery) Horizon III After every stage its possible to stop the experiment and gather the lessons learned Observe Scale-in Implementation in the existing business

Ecosystem 7 Other Ton. Chain Emodash Fore. Sight Stockbot Pefin Panoptes Talent Story BLIEP Virtual snr Agent Kandoor SSIF SAM PI Energy neutral housing Blue. Zones Durable buildings Marcy Self sufficient community NBQ Nest. Egg Retire. Me Techruptioin Consortium Blockchain Net. js

8 Blockchain for pensions Blockchain provides the technology to transact value, information, business logic, governance, assets and costs in an efficient and secure way, without the need for a central party Blockchain enables collaboration, without losing autonomy

The future of pensions 9 Low cost infrastructure, smart personal pensions, tokenized investments 1 Low cost pension infastructure 2 Personal pension contracts 3 Tokenized investments Customer 3 2 Pension service provider Pension ‘smart contract’ Employers Pension fund 1 Auditors Pension Infrastructure Supervisor Authorities Pension funds Asset Management

The future of pensions 10 Pieces of the puzzle FL!P Nest. Egg Customer BLIEP Retire Me Ton Chain SSI WOD Pension service provider PI Net. Js

The future of pensions Beginning with the fundation, PI builds the Pension Infrastructure 11

12 Animation https: //vimeo. com/253774398

13 Via experiments & pilots we reduce uncertainty Option 1 PPF APG showcase Option 2 New pension contract Option 3 Personal pension proposition Basiszero 2016 ZAP 2017 PI 2018

14 Multiple uncertainties in blockchain development Technology maturity Blockchain technology is new and immature. Scalability, interoperability and standardization are major challenges Governance & Legal Current governance and legal frameworks don’t match with characteristics of blockchain technology. Ecosystem approach to create mutual value is a different paradigm. Business model Using blockchain technology impacts business models, operations and value streams.

15 Illustration of blockchain ecosystem Forreign Citizens DNB AFM BRP Citizen Admin Access UWV Pensioen Register DNB Asset Financial Service Manager Provider (Bank) Pension Fund (PPF, PZFW) SVB APG, PGGM Pension Service Provider Participants (current mijnomgeving) AFM Blockchain Network Belastingdienst Citizen Admin Access Blockchain Network Pension Service Provider Access APG Small Pension Service Provider Pensioen Register Employer Raet Full Node Light Node External Application Client Application Employers ADP Work Admin Client Access Big Employer UWV Employers Small Work Admin 1 Small Work Admin 2

16 16 Questions?