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#Blockchain All projects

Black Insurance: digital insurance company on blockchain

Marketplace for insurance brokers and investors on blockchain

stage Ended crowdsale

2.5 Rating

by 1 users


    KPLs

    • Employees14

    Team

    8
    man RISTO ROSSAR

    Founder

    Risto is the founder of Black and his role is to develop the idea further including mentoring of all team members as well as finding cooperation partners for Black through his extensive network in insurance space.

    man BUNDEEP RANGAR

    Founder

    Bundeep is an entrepreneur with more than 21 years' experience in financial services, technology and media. He has invested in, advised or incubated a number of companies in the UK, Canada and India. He holds founding CEO roles in PremFina, IXL Holdings, and SME lending.

    man CHRIS WILLIAMS

    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.

    man MART PARVE

    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.

    man LIINA LAAS-BILLSON

    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.


    Advisors

    6
    man BUU TRUONG

    Acturial and Risk advice

    Buu is an experienced non-life actuary and a Fellow of the Institute and Faculty of Actuaries (IFoA). He is Managing Director of Insight Risk Consulting which is a firm which he founded 5 years ago. Buu and his team are advising Black on actuarial models and risks.

    man TAAVI KOTKA

    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).

    man ANDO KIVILAID

    Insurance geek and investor

    Ando has worked whole life in insurance and IT business and is very big blockchain and cryptocurrency enthusiast. Ando is advising us on product development and strategy.

    man ALEX NORTA

    Scientific advisor

    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.

    man KRISTIAN GARANCIS

    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 details

    Distribution of tokens
    • Crowdsale (67%)
    • Team (26%)
    • Advisors (6%)
    • Bounty (1%)
    Budget allocation
    • IT & Development (18%)
    • Marketing & Sales (20%)
    • Admin & Operations (10%)
    • Legal (7%)
    • Reserve & Unexpected Costs (15%)
    • Licensing insurer (30%)
    Details Indicators
    Token Symbol BLCK
    Full Token Name Black Platform Token
    Pre-crowdsale Start October 1st, 00:00 GMT+03:00
    Pre-crowdsale End October 31st, 00:00 GMT+03:00
    Crowdsale Start November 1st, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or November 30th, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, $200000000
    Crowdsale Soft Cap Yes, $2147483647
    Token type utility token
    Domain owner Individual

    Cost of the token

    1 token for 0.2 $

    Price without discounts

    Bonuses

    Minimum Purchase $100.00

    Pre-crowdsale
    Bonus Dates Minimum purchase amount
    25% October 01 — 07, 2018
    20% October 08 — 31, 2018

    Accepted currency

    • Bitcoin
    • Ethereum
    • Litecoin


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    1
    Denys Serhiichuk August 30, 2018
    Rating of project
    2.5

    Advantages

    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.

    Comments

    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.


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