Due to its’ open, trusted and secure nature, blockchain acquires most attention currently. Its’ distributed ledger, smart contracts and non-repudiation capabilities enables blockchain as infrastructure that can transform multiple processes across the insurance value chain. Insurance industry is considering blockchain cautiously as technology, there are issues which industry is facing currently. A common Insurance Platform which we propose will simplify insurers to implement blockchain solutions, resolve scalability, expertise and regulation issues. Platform would make it possible for individual insurers to compete for customers, offering a range of products and prices by virtue of the products linked with smart contracts they set up on Platform. Moreover, a blockchain could allow the industry as a whole to streamline its processing and offer a better user experience for customers. At the same time, storing claims and customer information on a blockchain would cut down fraudulent activity. Platform will be provided for free for every business or community which would like to use it for business, will be open sourced, will open new opportunities for new players on insurance market, will create new jobs and will make insurance products fair and affordable for everyone.
Platform development - target architecture (as per whitepaper) and MVP as demo - May 2018
Platform development - MPV as real product accessible to public -Sep 2018
Platform development - full version with product constructor and all functionality - Sep 2021
Attention. There is a risk that unverified members are not actually members of the team
Need improve a team with strong international experts. Many questions to idea and realization. The same questions to the product. I don't believe that it will works in my humble opinion. We'll see.
When i'm trying to check up the demo MVP version by link it's sends me to a subdomain with invalid SSL certificate, so i give fair 1 for Product. There is no any team member from Blockchain industry and advisors list is empty. The idea is not bad but ... hardcap in 500k Ethers? It fails the approach.
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