Cygnet partners with Bitvalley to build Value for the Insurance Sector with a Blockchain Solution

1. I Cygnetpartners with Bitvalleyto build Valuefor theInsurance Sector With a disruptive Blockchain- basedsolution CygnetInfotech +1-609-245-0971 inquiry@cygnetinfotech.com www.cygnetinfotech.com

2. ClientProfile Ourclient,Bitvalley,isanemergingstart-upwiththreeyearsinthebusiness.Bitvalleyisalready recognized among the top 10 performers in blockchain technology. BitValley thought of a visionary newdecentralizedeconomicmodel,withanunderlyingstrategytofacilitatetheadoptionof emergingtechnologyinagricultureterritoriesthatarereadyfordisruption. BusinessScenario Unpredicted events, weather, resourceor knowledge limitations, and poverty, often lead farmers to extreme financial distress. Farmers frequently face uncertain crop damagesand insurers also undergo financial losses due to small insurance contracts thatensure protection with small premiums, that leads to high overheads and lowprofit. In addition, it was important to ensure that the model is of significant value toall the stakeholders participating in this risk sharing ecosystem. Our client wanted apeer-to-peer, decentralized micro-insurance servicethat can utilize “space assets” and the "wisdom of crowds". The core strategic focus was to bring about strategic business benefits, operational benefits and profitability to the agri-insurance domain that can benefit fromblockchain technology. To overcome these challenges,Bitvalley thought of taking an ambitious leap with its path-breaking project called IBISA.IBISA (Inclusive Blockchain Insurance using Space Assets) is an inclusive and mutual risk sharing solution with low fees, fast claim assessment and payment disbursements for farmers. With IBISA,theclienthadavisiontodisruptthe traditional insurance model andmake it a"ordable, accessible and easy to adopt by a large range of smallholderfarmers. 500million agri-entrepreneurs are under-insured and financially vulnerable The globalBlockchain technology market is predicted to reach USD 339.5 millionin size and is forecasted to grow to USD 2.3 billion by2021.

3. Recognizing Cygnet’s in-depth expertise in Blockchain, Bitvalley partnered with Cygnet for e"ective technical consultation and development of their ambitious solution for the IBISAproject. Blockchain consultants at Cygnet teamed up with Bitvalley to analyze requirements, understand the industry challenges and the expected outcomes onimplementing the solution. Based on the analysis, Cygnet’s team conceptualized a decentralized blockchain-based application to address the persistent limitations of traditional insurancepractices. The blockchain based solution is aimed at ensuring “Mutual risk sharing with low cost and fast damage pay-out” by leveraging the lower cost decentralized system, the internet, and to bring risk sharing to a large and un-insuredpopulation worldwide. Cygnet’sSolution ArchitectureDiagram 3 System communicates to Enabler, whotriggers payment through risk sharing tool 1 Watchers assess index. System concludes to hit severity Enablers Watchers Farmer’sCommunity 2 System calculates individualandtotal indemnification Profiler

4. ACTIVITY Prototyping Functional Design System Architecture TrainingPlan TestPlan Discovery Project Planning Requirements Definition Conceptual System Design SoftwareInstallation Post Implementation Review UserTraining Application Development Testing User Documentation Program Documentation ChangeManagement DEFINE DESIGN DEVELOP DEPLOY Well-planned assessmentand roadmap Launchof IBISA Standardized productdesign Blockchainbased decentralizedsystem Cygnet’s 4D Approach forIBISA OUTCOME KeyFeatures Transparent Transactions SmartContracts DistributedLedger Transparent Auditable Process Micro-insurancePolicies Automatic Indemnification RewardModel Analysis of Earth ObservationData “A decentralized application brings low cost service, quick loss assessment and fastpay-out.”

5. TechnologyStack Ethereum Solidity Decentralized system to record transactions under onenetwork Unified and streamlined processfor allstakeholders Dataprotection & secureecosystem Tru½e Web3Js BusinessBenefits NodeJs IPFS Real-time data and audit trail for businessanalytics Less manpower, lower fees, fasterpayment Reduced third-party risks by80% Python Enablement of peer-to-peer models in finance,insurance and risksharing Quick loss assessment through wisdom ofcrowds Automatic and fast indemnification without filing aclaim Elimination of fraud and automation of claim procedure to maintaintransparency The partnership between Bitvalley and Cygnet Infotech for the IBISA project has garnered significant attention, and will continue to ensure more innovation and thoughtfully organized business models to empower and transform smallholder farmers intocompetitive agri-entrepreneurs.

6. Founded in 2000, currently with oces across 6continents Cygnet Infotech is one of the most trusted names in the IT space delivering technology solutions to global clients across 29 countries. Born out of a vision to create software development company where quality, innovation and personalized services trump low cost, makeshift solution, Cygnet partners with itsclienttohelpthemtransformintohighperformancebusinesses. 900+Employees Delivered2000+ Projects Cygnet has deep industry and business process expertise, global resources and a proven track record in delivering innovative technology solutions. Cygnet can mobilize the right people, skills and technologies that improves business performance. ContactUs 18 Years of Experience Serving 250+clients in 35countries USOFFICE Cygnet Infotech LLC. 125 VillageBoulevard, Suite315, Princeton, NJ 08540 +1-609-245-0971 +1-609-533-8393 INDIA Cygnet Infotech Pvt. Ltd. 16-SwastikSociety, Nr. AMCO Bank, Stadium Circle, Navrangpura, Ahmedabad380009 +91-79-67124000 inquiry@cygnetinfotech.com DUBAI Cygnet Fintech Software Unit 807, Ubora Tower 2, Business Bay, Dubai, UAE, PO Box No.:418360 +971 52 8305127 AboutCygnet 95% Client Retention I I Copyright © 2019 Cygnet Infotech |www.cygnet-infotech.com