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Author Topic: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain  (Read 1095 times)
bitlifeandtrust
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Bit Life and Trust Project


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August 24, 2017, 01:26:10 AM
 #1

http://imgur.com/mwC7EhE
http://imgur.com/0DRsMx6


Token Sale and Pre-Sale Event Information

[ Website |White Paper ]


[ Pre-Sale Registration Site]

I.   The Vision
Prior to the modern age, communities formed around geographic locations. These communities shared in each other’s success and losses. When a member of the community suffered a loss, each of the community members would help in covering the cost of the loss. As the world modernized, companies formed to take over this assignment, in the form of insurance, and communities began to disconnect from the process. Today, the world is growing into a global community where geography is no longer a necessary limit. We believe the global community can be brought closer together and gain a vested interested in the well being of there fellow humankind through a globally shared trust, built and secured on the blockchain.

II.   The Plan
Through blockchain and smart contract technology, BitLifeAndTrust aspires to disrupt the conventional broker markets in the insurance industry by returning the power of the markets to the communities which support it. BitLifeAndTrust will build a protocol for insurance products that are selected, funded and managed for the benefit of society. Our participants are you and others who fund the work of this project, the insured, who are made whole after a loss and everyone who believes in transparency without geographic boundaries. We aim to reduce the cost of all insurance in life, property, consumer goods, legal and others by putting the insured first. We aim to simplify claims processing by shifting the financial incentives from the seller to the claims processor and by creating competition among processors. Let’s together achieve the right to build a brighter future for you, those you care about and our global community. We invite you to participate in our shared beliefs, aspirations and desire for success. Thank you to the creators of blockchain, cryptocurrency and smart contract for making this all possible.  
Take the next step and read our WhitePaper!

III.   Timeline
Q2 2017   
Initial platform design
Development of Dapp logical design
Website launch

Q3 2017
   
Buildout of core team and advisors
Published Whitepaper
Token Issuing Event

Q4 2017   
Begin Validator recruitment
Platform development
Testnet deployment of platform – phase I

Q2 2018   
Production deployment of platform – phase I
Deployment of Consumer Facing Web Application

Q4 2018   
Production deployment of platform – phase II
Contract focus areas: Term Life, Dismemberment   
Deployment of mobile app
Continue building network of Validators and Assistants           

Q2 2019
   
Production deployment of platform – phase III
Contract focus areas: Consumer goods, Property


Project Details
Incorporation Status: Bit Life Insure Corp., Delaware, 2017
Team Openness: Fully transparent
Technical Lead: Michael Howton

Token Details
Role of Token: Payment rights, voting rights
Token Supply: 100 million
Distributed in Token Sale: 70 million
Blockchain: Ethereum
Consensus Method: Proof of Work

Pre-Token Sales Event for registered users:
Event period: September 12, 2017 to September 20, 2017
Participants: Registered Purchasers
Registrations Site: www.bitlifeandtrust.com/registration

Token Sale Event Details:
Event period: September 25, 2017 to October 30, 2017
First price: 1 ETH = 400 BLT
Accepted currencies: ETH
Round: First Sale
Token Distribution: November 2017
Min sales goal: none
Target sales goal: 120,000 ETH
Max sales cap: 166,000 ETH
Bonus Schedule: No Bonus


Market Participants:
http://imgur.com/DlHSgEE

Contact Us:
http://i.imgur.com/YXfN3J2.png   http://i.imgur.com/QzAP87P.png   http://i.imgur.com/Mr5fS4p.png  


Our Team
http://imgur.com/QXbXL4Nhttp://imgur.com/Y1MY3fzhttp://imgur.com/AFRbk81
Michael Howton
Lead Founder
Strategy and Marketing
MBA - Kellogg School of Management
BBA – St. Edwards University
20 yrs IT & Business Leadership
Hands on developer, Futurist
Mustafa Maqbool
Co-Founder
Business Development
and Product Leadership
MBA - Kellogg School of Management
Masters Engineering – Cornell University
Product Management, Investments,
Educator
Patrick Durling
Co-Founder
Technical Lead
11 Yrs IT Manager in Healthcare
Server Engineer




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Bolopecah
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August 24, 2017, 01:26:56 AM
 #2






Token Sale and Pre-Sale Event Information

[ Website |White Paper ]


[ Pre-Sale Registration Site]

I.   The Vision
Prior to the modern age, communities formed around geographic locations. These communities shared in each other’s success and losses. When a member of the community suffered a loss, each of the community members would help in covering the cost of the loss. As the world modernized, companies formed to take over this assignment, in the form of insurance, and communities began to disconnect from the process. Today, the world is growing into a global community where geography is no longer a necessary limit. We believe the global community can be brought closer together and gain a vested interested in the well being of there fellow humankind through a globally shared trust, built and secured on the blockchain.

II.   The Plan
Blockchain technology is poised to create disruption in and across many industries. It’s power to bring communities closer together is driving new innovation. Traditional markets have been structured around centralization and consolidation of power. No longer does the power, money and influence need to benefit the very few. Through blockchain and smart contract technology, BitLifeAndTrust aspires to disrupt the conventional broker markets in the insurance industry by returning the power of the markets to the communities which support it. BitLifeAndTrust will build a protocol for insurance products that are selected, funded and managed for the benefit of society. Our participants are you and others who fund the work of this project, the insured, who are made whole after a loss and everyone who believes in transparency without geographic boundaries. We aim to reduce the cost of all insurance in life, property, consumer goods, legal and others by putting the insured first. We aim to simplify claims processing by shifting the financial incentives from the seller to the claims processor and by creating competition among processors. Let’s together achieve the right to build a brighter future for you, those you care about and our global community. We invite you to participate in our shared beliefs, aspirations and desire for success. Thank you to the creators of blockchain, cryptocurrency and smart contract for making this all possible.  

III.   Timeline
Q2 2017   
Initial platform design
Development of Dapp logical design
Website launch

Q3 2017
   
Buildout of core team and advisors
Published Whitepaper
Token Issuing Event

Q4 2017   
Begin Validator recruitment
Platform development
Testnet deployment of platform – phase I

Q2 2018   
Production deployment of platform – phase I
Deployment of Consumer Facing Web Application

Q4 2018   
Production deployment of platform – phase II
Contract focus areas: Term Life, Dismemberment   
Deployment of mobile app
Continue building network of Validators and Assistants           

Q2 2019
   
Production deployment of platform – phase III
Contract focus areas: Consumer goods, Property


Project Details
Incorporation Status: Bit Life and Trust Co., Delaware, 2017
Team Openness: Fully transparent
Technical Lead: Michael Howton

Token Details
Role of Token: Payment rights, voting rights
Token Supply: 100 million
Distributed in Token Sale: 70 million
Blockchain: Ethereum
Consensus Method: Proof of Work

Pre-Token Sales Event for registered users:
Event period: September 12, 2017 to September 20, 2017
Participants: Registered Purchasers
Registrations Site: www.bitlifeandtrust.com/registration

Token Sale Event Details:
Event period: September 25, 2017 to October 30, 2017
First price: 1 ETH = 400 BLT
Accepted currencies: ETH
Round: First Sale
Token Distribution: November 2017
Min sales goal: none
Target sales goal: 120,000 ETH
Max sales cap: 166,000 ETH
Bonus Schedule: No Bonus


Market Participants:


Contact Us:
     


Our Team
Michael Howton
Lead Founder
Strategy and Marketing
MBA - Kellogg School of Management
BBA – St. Edwards University
20 yrs IT & Business Leadership
Hands on developer, Futurist
Mustafa Maqbool
Co-Founder
Business Development
and Product Leadership
MBA - Kellogg School of Management
Masters Engineering – Cornell University
Product Management, Investments,
Educator
Patrick Durling
Co-Founder
Technical Lead
11 Yrs IT Manager in Healthcare
Server Engineer






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ngerok
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First Asia-wide Asset Exchange


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August 24, 2017, 01:30:00 AM
 #3

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AmoreJaz
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name; name-sake; For GODS sake= it's my name!


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August 24, 2017, 01:39:23 AM
 #4

to offer insurance legally should there be some kind of fund or bond that assures the validity of said insurance? simply because it is on the blockchain does not justify the lack of regulation by insurance issuers.

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PuraPuraBego
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do you have no conscience?


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August 24, 2017, 01:47:30 AM
 #5

Are you sure ? about transcation on insurance using a nature anonymous ? Thats really be a big problem. were all transactions must transparent, while the bitcoin is the opposite. Because it concerns about insurance that is clear and must happen.

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bitlifeandtrust
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August 24, 2017, 01:49:23 AM
 #6

to offer insurance legally should there be some kind of fund or bond that assures the validity of said insurance? simply because it is on the blockchain does not justify the lack of regulation by insurance issuers.

The fund value is the total market cap of the token, the tokens are both used to fund and payout the policy. We are working with regulators as required.
bitlifeandtrust
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August 24, 2017, 01:55:38 AM
 #7

Are you sure ? about transcation on insurance using a nature anonymous ? Thats really be a big problem. were all transactions must transparent, while the bitcoin is the opposite. Because it concerns about insurance that is clear and must happen.


You cannot buy insurance as an anonymous person but the insured can mask their identity in the contract using services such as Civic.
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August 24, 2017, 08:19:05 PM
 #8

Pre-sale begins September 12th, 2017 for registered users!
Register at http://bitlifeandtrust.com/registration
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August 28, 2017, 11:46:29 PM
 #9

Pre-sale starts in 15 days! Register now
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September 01, 2017, 02:30:47 AM
 #10

Pre-Sale in 12 days. Download the whitepaper today!
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September 01, 2017, 04:21:28 AM
 #11

This kind of concept is a bit complex. There have been few insurance-related crypto projects here so I don't know what advantage of this will offer to the community.
And what type of insurance you are going to prioritized first?
There's more than blockchain that is involved here upon claiming what you paid for. And will take time to really get what is owed to you.
This will not secure your future. Just my thoughts though.

.

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bitlifeandtrust
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September 03, 2017, 09:49:51 PM
 #12

This kind of concept is a bit complex. There have been few insurance-related crypto projects here so I don't know what advantage of this will offer to the community.
And what type of insurance you are going to prioritized first?
There's more than blockchain that is involved here upon claiming what you paid for. And will take time to really get what is owed to you.
This will not secure your future. Just my thoughts though.

TimeTeller,
Thank you for your feedback and thoughts. We are in agreement, this will not be simple project, the code is not difficult but the market place can be. We believe it is a worthwhile and meaningful project. There are real problems for beneficiaries in the insurance markets today. Much of this is do to lack of visibility within the industry, but there are other issues as well. Our first product will be Term Life Insurance and will probably release outside the US to start.
There are a few insurance related blockchain projects, we see this as a positive, some may fail but others will succeed, all will bring visibility and adoption to the consumer. Our approach is significantly different from the other projects I have seen. We also believe our leadership team is very strong and involved for the long-term. Anyone can have an idea, execution is what makes the difference.
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September 03, 2017, 10:20:10 PM
 #13

Insurance projects are a very big project and this is not easy. I see there are only 3 people in the team, what could bring this project a success?

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bitlifeandtrust
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September 04, 2017, 04:59:53 AM
 #14

Insurance projects are a very big project and this is not easy. I see there are only 3 people in the team, what could bring this project a success?

Thank you for your question.
We are fortunate to have access to industry experts with whom we will be working on a contracted bases. The goal is to create a distributed community driven ecosystem and not a centralized company. For this reason the core team will remain fairly small but will grow beyond its current size. The design of the platform incentivizes existing licences insurance companies to work and negotiate with the regulatory organizations in their respective markets.  Success will be reached through relationship building, offering sell-able insurance products and delivering profits for sellers and servicers.
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September 04, 2017, 03:05:56 PM
 #15

Where did the idea for BitLifeAndTrust Project come from?
Read our article on medium.com

https://medium.com/@MikeHowton/where-did-the-idea-for-bitlifeandtrust-project-come-from-e1976e8f1599
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September 04, 2017, 03:59:37 PM
 #16

Need to learn more in this coin, I think is very interesting  Wink
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September 04, 2017, 04:05:55 PM
 #17

Need to learn more in this coin, I think is very interesting  Wink
What do you need to learn more in this coin? All more infomation that you need in roadmap and whitepaper. More ICO coin and more popular crypto.

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bitlifeandtrust
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Bit Life and Trust Project


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September 13, 2017, 11:52:16 PM
 #18

larfme
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September 16, 2017, 11:48:32 PM
 #19

Weekly update about the project here in our Reddit post.
https://www.reddit.com/r/BitLifeAndTrust/comments/70k8tl/working_hard/
JavaLove
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Streamity Decentralized cryptocurrency exchange


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September 16, 2017, 11:54:08 PM
 #20

Hello,

Do you plan to add somebody to your team with experience in Insurance sector? As currently you have only IT experts in your team. Just adding blockhain to a business is making it a successful one.

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STREAMITY
 

 

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