Black Insure

Black Insure

Created using Figma
Created using Figma
Black is a digital indemnity society on blockchain. Our platform connects indemnification brokers unswervingly with capital enabling them to on their own virtual indemnification companies. Thus removing the trusted third parties (Insurance Companies) from the value string. Black will be a licensed insurance society that provides insurance content to Agents, Brokers and MGAs enabling them to launch their own virtual insurance companies.
ICO
Nov 1, 2018
Nov 30, 2018
0% completed
Raised funds - no Data
upcoming
Pre-sale
Oct 1, 2018
Oct 31, 2018
0% completed
Raised funds - no Data
Cap 2 000 000 USD
Hard cap 45 000 000 USD
upcoming
Token Details
Ticker
BLCK
Accepted Currencies
ETH, BTC, LTC
Additional Details
MVP/Prototype
Yes
KYC
Yes
Company Details
Registered Country
Estonia

About Black Insure

Black is here to make a difference Black will use the blockchain to transfer risk directly from clients
(insureds) to financial backers (Black Syndicate Token holders):
  1. minimizing all inefficiencies
  2. storing all data securely in blockchains
  3. transparent business operations using smart contracts
  4. faster innovation by platform members

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.

 

Features

Black Insurance will use two types of tokens:

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.

 

Roadmap

  • Oct. - Nov, 2017

  • Idea and team compiled
  • Nov, 2017

  • Product concept in place
  • Dec, 2017

  • Seed Funding
  • May, 2018

  • MVP launched
  • Read More
  • Summer 2018

  • ICO public sale
  • December 2018

  • Platform Launched
  • Summer 2019

  • EU license

Activity

Status:
Full Member
MEDIUM
Activity:
280
HIGH
Merit:
106
MEDIUM
Posts:
3 155
VERY HIGH
Views:
21 007
VERY HIGH
Users:
468
HIGH
Posts:
296
MEDIUM
Followers:
6 526
HIGH
Likes:
6 177
HIGH
Followers:
5 184
HIGH
Tweets:
206
MEDIUM
Members:
29 515
VERY HIGH
Alexa
Rank:
1 903 803
VERY LOW
Delta:
-2 733 697
Videos:
5
VERY HIGH
Subscribers:
20
VERY LOW
Views:
1 090
VERY LOW
Likes:
19
VERY LOW
Dislikes:
0
VERY HIGH

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Founder of Black
unverified
CTO and Blockchain Solution Architect
unverified
Business Development Officer
unverified

2 ICOs

$37 190

Product manager
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

5 ICOs

$74 456 092

Advisor
unverified

Last News

4.02

positive
5.0 8
ICO Profile Vision Activity Potential Product Team

Blocklancer Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

BLACK INSURE


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.


PROS:



  • The platform  use  promotes easy spread of great ideas in the market  faster as it empowers the brokers enabling them to set up their own virtual  insurance  companies  hence eliminating slow and expensive insurers from the chain

  • The platform use results to lower cost as it  connects the brokers  to capital directly  and the use of smart contracts equally  cuts down the administration costs

  • The platform promotes transparency and democracy in the insurance  industry as  it  provides  insurance entrepreneurs with innovative ideas to the capital  they seek without any judgment based on the pocket value

  • The platform promotes the involved insurance companies to have a  reduced administration expenses   by a percentage reduction of between 5-10% aided by the use of blockchain technology

  • The platform users information  are securely stored in blockchains by the platform limiting any access by  unauthorized personnel and any loss due to hacking

  • The platform has a credible team on board with relevant and  related skills and experience under the guidance of the founder Risto Rossar

  • The platform enables the users to own two different types of tokens including Black Platform Token(BCT)  and Black Syndicate Token(BST) promoting them to derive different benefits from their use


CONS:



  • The platform white paper is less detailed with  missing team members as in the website

  • The platform  white paper is only available in two languages limiting its usage

  • The types of risks insured against are not highlighted


SUGGESTIONS:



  • The platform white paper should be more detailed by including the team involved  and project disclaimer

  • The platform should involves internationally qualified translators to help in the production of the white paper version other languages expanding the project use


NOTE:


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.


 


 

Read More
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