Black Insurance

Black Insurance

ICO Ended
14,514 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
Potentiam
The founders of Potentiam have worked in music management for a number of years and realise and understand the difficulties involved in promoting new emerging music artists. In 2016 they founded a music publication Britznbeatz to help discover and promote musicians which continues to gain respect and recognition in the industry.
Pre-Sale
Planport
The current supply chain industry is a $64 trillion market that employs millions around the world. Planport is building a decentralized business-to-business platform for the supply chain industry and our initial product focuses on procurement and its components. Procurement is one of the core sectors of the supply chain industry. It involves buying of goods and services that enable organizations to carry out their day-to-day operations. Someone involved in procurement may be responsible for sourcing raw materials from suppliers globally and bringing them into an organization by working with C-level executives, finance and engineering as well as external suppliers. While procurement is a vital aspect of operations, the process has critical problems that are costly for all businesses from small companies to big corporations. The obstacles include legacy systems with inefficient and closed networks that are expensive, risky and time-consuming, cash flow problems that take weeks or months, contractual nightmares, poor supplier management and closed and centralized access to goods and services. A company spends 30 to 70% of its revenue on outsourced goods and services, yet many still underinvest. The Planport Platform powered by the PORT token aims to solve these problems by unifying the entire procurement process end-to-end and empowering enterprises and suppliers using a decentralized business-to-business network in the supply chain industry. Buyers and sellers can use the platform for procurement, auctions, payments, and contract management. At the end of the supplier and buyer interaction, our invoice marketplace enables suppliers to push invoices to a network of global investors where they can access a diverse range of funders. This marketplace is built on the Blockchain distributed technology allowing participants to have a secure and efficient way to settle trade finance assets in the $3 trillion factoring industry. Planport, as part of Planport Platform, has built and is building the following products: Planport RFX - a procurement product for buyers and sellers. Planport Supplier Manager - a product for enterprises to communicate with and assess suppliers. Planport Auctions - a product for performing reverse auctions with multiple suppliers. Planport Payment Systems - a payment system empowered by the PORT token for business-to-business payments. Planport Contracts - a full contract management product for creation, storage, and discovery of contracts. Planport Experts Networks - an on-demand network of supply chain experts for enterprises. Plnaport Invoice Marketplace - a trade finance network for suppliers. Planport will revolutionise the supply chain industry by building a platform that streamlines the processes and is built on trust, mutual benefit and user-centric as part of the Web 3.0 by using the Blockchain technology.
Upcoming
Constellation
The Constellation protocol implements a horizontally scalable blockchain architecture known as Extended Trust Chain with a peer to peer layer known as a gossip protocol that can be deployed on a mobile device. Constellation approaches smart contracts with a microservice architecture allowing for highly available services to be chained and composed into distributed applications with just an understanding of each microservice’s SLA (service level agreement) and/or type signature. This architecture ensures high transaction throughput, allowing for consumer grade distributed applications to be built on Constellation.
Pre-Sale
Crypto Stake
Crypto Stake eco system is a decentralised gambling platform giving players all over the world an opportunity to place bets on sports, book events from every corner of the globe. We believe that people should be able to place bets using crypto currencies without limitations of what they can choose to bet on. Any player using our eco system can use any top 100 crypto currency and exchange it for our exclusive token Crypto Stake Token, this will give our users enhanced odds on any wager they choose to place on any event be it Horse Racing, Football, Boxing, MMA ,Grey Hound Racing, Baseball, American Football ,Basketball and many many more making us the biggest and best gambling eco system online eclipsing any other platforms available for crypto betting giving our punters the best returns for their stake. Crypto Stake will also offer users the ability to play Casino Games like Roulette, Black Jack, Poker, Jackpot Slots, Baccarat, plus several others. Any of our casino style games using Random Number generation (RGN) will all be Blockchain Technology giving transparency, Security and trust when playing any of the forementioned casino games, and using Crypto Stake Token will again enhance any winning returns. Players will be able to easily exchange their crypto currencies that are currently in the top 100 Coin Market Cap list for the exclusive Crypto Stake Token using our on platform exchange which will be cost effective efficient and simple. Any users that do not have crypto currencies will be able to exchange their native fiat currencies for Crypto Stake Token also enabling them to benefit from the enhanced betting odds. All players will have their own secure private wallets and can transfer any crypto currency they hold to a wallet of their choice.
Upcoming
INVERSE
INVERSE is a DeFi based platform that provides an array of smart-contract features with integrated time-based options. Users have the opportunity to speculate on the drop in value of a suite of Defi coins by utilizing the multiple 'tracking vaults' on the platform. XIV, the protocol's native token, is used to unlock these vaults, and then staked within these vaults for no more than 7 days. As their name implies, these vaults track the real-time price movements of select DeFi tokens (i.e. COMP, AAVE, UNI, YFI). After 7 days, if the value of the DeFi asset being tracked has dropped by a certain percentage, the user will gain a significant percentage yield on the amount of XIV held within the tracking vault. If the price of the DeFi asset does not drop in value beyond the predetermined percentage by the end of the 7-day staking period, the user will forfeit a portion of their staked XIV. Rewards will be automatically disbursed to the user’s web3 browser wallet at the end of the 7-day staking period. Ultimately, INVERSE offers users the option to hedge against the volatility of select crypto assets.
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.