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

2. 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

3. 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

4. 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

5. 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