Black Insurance: digital insurance company on blockchain
Marketplace for insurance brokers and investors on blockchain
CTO and Blockchain Solution Architect
Chris together with team of developers is building our product. He has worked as a Senior Solution Architect at insurance companies, AIG and MetLife. While working at IBM as a Blockchain Consultant, he has built private blockchain solutions for insurance companies.
Chief Operating Officer
Mart makes sure that all operations run smoothly, so the entire team can most effectively contribute to Black's success. A life-long technology aficionado, he has managerial background in insurance technology and information security, and holds an MSc in Economics from the Catholic University of Leuven.
Business Development Officer
Liina will make sure that the vision and growth of the Black Foundation is on track. Founding Member of the Board and General Manager of the Estonian Cryptocurrency Association and also worked with many blockchain FinTech startups on marketing and sales strategies, her mission is to revolutionise insurance through blockchain tech.
Former Estonian Government CIO
Awarded as Europe’s best CIO by ICT Spring and being the leader of Estonian government digitalization Taavi advises us on strategy as well as uses his extensive network to leverage Black business. Taavi is also selected as Entrepreneur of the Year in Estonia 2011 (by Ernst&Young).
Alexander Norta is one of the leading experts in the field of smart-contract technology. He has a wide range of expertise in fields such as business-process collaboration, workflow management, e-business transactions, service-oriented computing, software architectures, software engineering, ontologies, social web, multi-agent systems, and so on. Norta has written several high-profile whitepapers and advised successful blockchain-tech startups like Qtum, Cashaa, Cedex and NEO.
Reinsurance and Malta
Kristian has over 20 years of experience in Non-Life Reinsurance and Insurance as well as Captive Insurance. He is also very familiar with Maltese legal and insurance structure being also the resident of Malta himself. Kristian advises us on insurance and re-insurance related topics as well as helps with licensing our insurance company in Malta. He has also many connections with brokers who are interested to use Black capacity when we go live.
- Crowdsale (67%)
- Team (26%)
- Advisors (6%)
- Bounty (1%)
- IT & Development (18%)
- Marketing & Sales (20%)
- Admin & Operations (10%)
- Legal (7%)
- Reserve & Unexpected Costs (15%)
- Licensing insurer (30%)
Cost of the token1 token for 0.2 $
Price without discounts
Minimum Purchase $100.00Pre-crowdsale
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Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
Summary rate the project
Rate the project by other users1
From the first it is noticed that besides English, the website it available in Chinese and Japanese. It means that the Asian investors play a vital role for the project. Besides Whitepaper, there is also a short version of it - Light Paper. Thus, founders offer investors a nice motivation of bonuses. Marketing is also the project advantage. For example, Bitcointalk thread has 39 pages from 22 April.
Risks and disadvantages
15 % of tokens are kept for the reserve fund. That share is not so big, however, it would be better if it was at least 10 % or even less. Another concern is the Roadmap. It contains so little information about the periods of platform development.
Overall, it is difficult to understand the whole project idea without the MVP. There are even no photos and nothing that can show how the platform is supposed to look like.