Black will fix the insurance industry fundamentally. Black is an insurance platform like Lloyds of London on blockchain without the expense, delays and bureaucracy that we witness today.
Insurance business will be generated by local MGAs / Brokers / Agents whose responsibility is designing insurance products for a market, pricing and selling the product and organizing claims handling. Delegating business to local agents makes the Black business model scalable while bringing business decisions closer to end customers.
Black Platform Token (BLCK). BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.
Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of it’s BST.
Oct. - Nov, 2017
Attention. There is a risk that unverified members are not actually members of the team
$74 456 092
This is a digital insurance platform on blockchain technology providing a marketplace for insurance brokers and investors enabling the brokers to form their own virtual insurance companies and products.
The platform enables the easy creation of virtual insurance companies by the brokers through the use of blockchain hence eliminating the exploitative and expensive insurers in the chain making it viable and worth investing on.
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