Black Insurance

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):

  • minimizing all inefficiencies
  • storing all data securely in blockchains
  • transparent business operations using smart contracts
  • 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.

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.

RISTO ROSSAR - Founder - https://www.linkedin.com/in/ristorossar/

BUNDEEP RANGAR - Founder - https://www.linkedin.com/in/rangar/

CHRIS WILLIAMS - CTO - https://www.linkedin.com/in/chris-williams-26a33a4/

MART PARVE - COO - https://www.linkedin.com/in/martparve/

LIINA LAAS-BILLSON - Business Development Officer - https://www.linkedin.com/in/liinalaas/

MARTIN MÄGI - Droduct Design - https://www.linkedin.com/in/martinmagi/

PEEP PAUM - Product Manager - https://www.linkedin.com/in/peep-paum-28479568/

TRIINU MURUMÄE - Marketing Manager - https://www.linkedin.com/in/triinu-murum%C3%A4e-90497b7b/

Verified ICO

Status:

Archived ICO

Token:

BLCK

Start

09-08-2018

End

08-09-2018

Website

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