Black Insurance-evolution of the insurance industry (ICO) - BISNIS ONLINE


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Friday, 13 July 2018

Black Insurance-evolution of the insurance industry (ICO)

Black Insurance is introduced
The project is run by Black Foundation, an Estonia based company with over 18 years’ experience in development of insurance using a decentralized technology, will try to make the whole process more democratic, allowing the brokers to create their custom insurance product and virtual insurance company. Black insurance is platform like Lloyds of London on blockchain without the expense, delays and bureaucracy that we witness today.

Black Insurance creators think that the insurance industry as it is today is centralized and inefficient.Given the long list of third parties involved in the insurance value chain, the insurance products in the market today lack innovation and fail to meet the needs of the consumers. Black Insure creators building a platform that will connect insurance brokers with capital to allow them create their own virtual insurance companies. Black Insurance creators, are optimistic that the need for insurance companies will disappear because their roles will be taken care of by smart contracts deployed through the blockchain. For instance, blockchain keeps a verifiable and immutable ledger of all transactions.

Black insurance,  evolution of the insurance industry,  According to the white paper, the insurance industry has hugely consolidated, with a handful of people controlling the multibillion dollar industry.Black’s main goal, and perhaps the most drastic, is to make insurance companies redundant as it hands over the mantle to insurance brokers. The creators of Black believe that insurance companies as we know them today are mere third parties.

Black insurance to make a difference
Black insurance will use the blockchain to transfer risk directly from clients
(insureds) to financial backers (Black Syndicate Token holders):

1.Minimizing all inefficiencies
2.Storing all data securely in blockchains
3.Transparent business operations using smart contracts
4.Faster innovation by platform members

Black insurance will fix the insurance industry fundamentally. they intends to be a licensed insurance company that enables insurance agents and brokers to launch virtual insurance companies.

Token And ICO detail
Token utility Black insurance is Ethereum-based

Symbol :BLCK.
Pre-Sale Starts: 7/31/2018
Pre-Sale Period: 30 days
Pre-Sale Cap: $15,000,000.00
Pre-Sale Terms: First week 25% bonus and after first week 20% bonus
Token Sale Starts: 8/31/2018
Token Sale Period: 30 days
Soft Cap: $2,000,000.00
Hard Cap: $45,000,000.00
Total  471,082,090 BLCK
Price of 1 BLCK is currently valued at $0.2.
Minimum purchase of $100
Accepted cryptos - BTC, LTC, and ETH.

For more info please visit the website below:
Website :
Lightpaper :
Whitepaper :
Twitter :
Facebook :
Telegram :
Bitcointalk :
Linkedin :


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