Blockable “Smart, secure home access management” Derrick Bessaoud, Jason Grunsky, Andrew Klein, Eduardo Rebolledo Team 10 February 28, 2017

Problem AirBnB stays create new experiences and new hassles for hosts and guests True security does not exist with existing IoT-enabled locking systems Convenience and flexibility are important features for customers using advanced locking technologies Easy control and management of property is difficult to achieve without offline owner engagement

Introducing Blockable Blockable is a blockchain-enabled, secure, smart lock management service. We are the ADT of IoT-enabled deadbolt devices enabling homeowners to easily provide and manage access to their homes when and wherever they need Blockable guarantees that access permissions are granted automatically and dynamically using Ethereum contracts in a secure and efficient manner. This means that guests can only enter in the specific time windows set and managed by hosts (customers). Blockable partners with industry-leading IoT-enabled smart lock manufactures and application partners like AirBnB to provide a seamless experience to customers. Security and convenience are our top of mind so it doesn’t have to be yours! We take away the hassles associated with out- of-town guests that require home access at very narrow time windows. Blockable offers: Easy access token set up and management Single API for many applications Customer management iPhone app Secure Bluetooth or NFC lock access Host monitoring and guest notifications Blockable is a smart lock security and management service that makes administering a “spare key” simple, easy, and controllable

Opportunity Global AirBnB listings Global AirBnB hosts Hotel key administration Rental car key administration Housekeeper key administration Emergency response 2.6M Global AirBnB listings 640k Global AirBnB hosts 500k Nightly AirBnB stays Primary Opportunity = $300M ARR Secondary Opportunities = $400M ARR *ARR = Annual recurring revenue AirBnB is a large and easily solved use case, but this problem extends to many other industries that can benefit from a blockchain-enabled smart lock network

Launch funding needs and uses Item Annual Cost Product Development Web hosting services (AWS 1 load balancer, 2 web servers, 2 app servers, 1 high availability database server, 30 GB storage, 120 GB data transfer) $12,000 Blockchain-as-a-service costs (Eris platform) $2,400 Partnership investments (AirBnB, IoT-enabled deadbolt manufacturers) $100,000 Inventories IoT-enabled deadbolt starter kits (15% of annual) $200,000 Labor 2 x iOS developer 1 x Lead engineer (blockchain architect & developer) $150,000 Marketing AdWords campaign $25,000 Facebook advertising Total Funding Requested $714,400 12 months of funding requested to finalize proof of concept, develop key partnerships, build iOS application, launch and market our solution