Black Insurance

Black Insurance

ICO Ended
14,775 Views
Market Place for Insurance Brokers and Investors. Insurance is broken: it's expensive, complicated and slow to meet customer needs. Insurance is broken: it's expensive, complicated and slow to meet customer needs. It's because all decisions are made by a handful of people in a small number of big insurance companies, riddled with bureaucracy.

Black is going to fix insurance by introducing a democratic, blockchain-based marketplace for creating virtual insurance companies that can design and sell their own, innovative insurance products. These products will be backed by security tokens issued in the future ICO-s, allowing crypto investors to tap into insurance profits.

Since blockchain enables to turn administering of insurance policies  much more efficient, these products will also be less expensive and provide more profit upside.

Black Insurance is one of the most ambitious ICO backed company since it addresses the entire $4 trillion insurance market. Our team, comprised of seasoned insurance and technology executives, stands prepared to take advantage of this opportunity.

Black is a digital insurance company on blockchain. Our platform connects insurance brokers directly with capital enabling them to launch their own virtual insurance companies. Thus removing the trusted third parties (Insurance Companies) from the value chain.

Black will be a licensed insurance company that provides insurance capacity to Agents, Brokers and MGAs (hereinafter “Brokers”) enabling them to launch their own virtual insurance companies. Our capacity comes without the traditional overheads of insurance company while using blockchain as main platform to get rid of centralized insurance companies.

We connect the idea to the capital directly, replacing the parties that are not needed in the value chain with technology. We will do this through crowdfunding, also giving smaller investors a way in. This leaner model gives more responsibilities to insurance brokers and control over the products they are selling. Insurers as we know them today are simply a trusted third party - blockchain gives us an alternative to that and the need for insurers disappears

8.1
TOTAL SCORE
8.1
ICO PROFILE

(weight: 45%)

10
TEAM PROOF

(weight: 20%)

Get widget
General
Website: Visit
White paper: Read
Pre-sale Time: 01 Oct 2018 - 31 Oct 2018
ICO Time: 01 Nov 2018 - 30 Nov 2018
Country: Estonia
Token info
Ticker: BLCK
Platform: Ethereum
Token Type: ERC20
Available for sale: 25 BLCK (32%)
Financial
ICO Price: 0.2000 USD
Accepting: BTC, LTC, ETH
Hard cap: 5,000,000 USD
March 2018
<p>Platform tech demo using Fabric+Composer.</p>
April 2018
<p>Whitepaper, Released to Public.</p>
May 2018
<p>MVP, Demo ready for Investors.<br></p>
June 2018
<p>Black DAO launchedn on Ethereum.</p>
August 2018
<p>Alpha, Platform accepting first Users.</p>
October 2018
<p>ICO</p>
January 2019
<p>BLCK token listed on exchange(s)</p>
March 2019
<p>First Syndicate management agreement signed</p>
Fall 2019
<p>Beta, Platform ready for pilot projects</p>
December 2019
<p>First insurance policy sold</p>
2010
<p>Black gets its own insurance license in EU</p>
2022
<p>$300 million insurance premiums sold</p>
2030
<p>Black's model of insurance becomes mainstream</p>
Screenshots taken on 29 May 2020
Risto Rossar
CEO and Co-Founder
Participates in a number of projects
Bundeep Rangar
Co-Founder
Participates in a number of projects
Mart Parve
COO
Participates in a number of projects
Chris Williams
CTO and Blockchain Solution Architect
Participates in a number of projects
Liina Laas-Billson
CBDO
Participates in a number of projects
Peep Paum
Product Manager
Participates in a number of projects
Triinu Murumäe
Marketing Manager
Participates in a number of projects

Advisors (0)

HEIGHT - 0px
WIDTH - 0px
PUT THIS CODE TO YOUR WEBSITE
ICO List
Other Interesting ICOs
Upcoming
MeFy
Mefy works on a subscription-based model, where the user of MeMe Care subscribes for yearly subscription allowing them any number of tests throughout the year for the cost of just consumables. Through its eConsult feature it connects worldwide doctors to worldwide patients thereby resolving accessibility issues and with its MeMe Edge device, it provides authenticity to the test conducted.
Upcoming
MeconCash
We intend to develop MeconCash into a platform that allows user’s assets to be transferred and traded between different types of services by integrating point reward systems, contents purchase, and settlement, which are currently operated separately between existing services and those under development. To that end, we will build the reward and settlement system, develop the API to connect it with other services, and build an ecosystem that can be used in the on- and off-line real economy. All this will ensure the usability, connectivity, and sustainability of MeconCash. We will develop a variety of mobile-based applications, games, and contents on the platform and link it with such services as online marketplaces where users can purchase products. The reward system used by a service generally invalidates the rewards owned by users when the service is terminated. MeconCash, however, can transform the rewards obtained from using our services into valuable assets. As such, users will be able to fulfill the demand for new services with MeconCash even when the services they use are terminated, make transactions between them, and use the assets in the real economy. We will stabilize the MeconCash ecosystem by developing new blockchain-based businesses and linking it with external services which already exists. Additionally, MeconCash will be available in 70% of ATMs in Korea so that users can directly withdraw MeconCash to fiat money.
Upcoming
DenCity
DenCity is an AI and Blockchain powered platform that provides you an engaging and immersive VR experience and lets you make a world of your own. A user will not only be able to explore, learn and create a life of his/her choice in accordance with the real world rules but also earn tokens that can be used to buy real life goods and services in the real world.
Upcoming
Talao
Talao is the first Ethereum-based DAO for Talent, which introduces a unique way for users to own their data thanks to a secure digital vault storing their certificates on the blockchain. Talao provides a decentralized marketplace, governed by Talent, on which neither intermediaries nor commissions apply.
Upcoming
Artcoin
The art world is traditionally anything but transparent, and that’s where ArtCoin, an investor-driven collective, creates real change for investors. Guiding users through transactions using cryptocurrencies, ArtCoin enables investors to benefit from the increased security and transparency of the Smart Contracts platforms. By pulling together information that everyday investors normally can’t access, ArtCoin democratizes the art market and acts as a direct liaison between investors and the art industry.
Upcoming
Feniks
Feniks.Finance is a new financial blockchain based system, created on a fundamentally new concept, capable of scaling its speed as needed and adding new functionality. Feniks.Finance can be used as an international banking system for information transfer and payment execution. The first version of Feniks.Finance will be able to handle payments and storage of users' funds. Namely, the banking transactions labeled in the SWIFT system with MT103 as payment sent and MT202 as a receipt and crediting of the payment to the account. The next step in the development of the system will be a 700 group of SWIFT operations, namely documentary transactions better known as guarantees and letters of credit. The introduction of the 500 group, that is, the operation with securities, suggests that an exchange will appear in our network.