far away from reality - you can not even explain in your whitepaper how you congregate each parts (insurance - customer) together.
Your target is EU Union countries, but you show it as a global movement ?
As someone lived over 20 years in germany; its is not even 0.0000000000001% possible that the insurances over there are going to implement the idea in your whitepaper to their agenda; how can be this possible even all insurance in germany submit to german health law.
Just selling dreams to cryptocurrency enthusiasten.
Hello Doctor-Coin.
Your interest to the project is appreciated. Your comments, too.
Let us try to answer your remarks:
1. Vernam platform will connect end-customers and the insurance brokers providing services on a current local market. The platform will be initially operated by Vernam itself. Vernam will register its own insurance broker and
The benefit for the brokers will be that Vernam will deploy insurance companies’ and their applicable policies’ data to the Blockchain where such data will be accessible to the public. Thus any broker intending to enter and explore new markets will be able to easily research and later on operate the insurance policies offered by the different insurance companies providing services on the current market. Vernam will update such data step by step on the basis of the relations it enters into with the different insurance companies operating on the different markets.
The benefit for the end-customers will be obtaining insurance services commission-less.
On the other side the insurance companies will have more sales channels offering their products.
You can read more about the Vernam blockchain platform on page 24 and even about how we will comply with national insurance registries and incorporate them in our platform on page 32.
2. Our goal is to build the platform and enter into new markets on a step by step basis. We are very responsible towards our contributors and take Vernam project very seriously. Therefore we should consider scalability matters as well. This is why we intend to initially start targeting EU countries only. Also because we are situated in a EU country and this will give Vernam advantage to grow quickly and build strong foundations for the business worldwide.
3. About the German health law - I suppose there might be some misunderstanding. Vernam does not plan to have health or life insurance products on the early stages of our platform.
We believe that with the exponential development of technology, the disruption of the insurance market is inevitable and it's just a matter of time. The potential of Blockchain adoption in the Insurance market is tremendous and Vernam aims to provide solutions to the public accordingly.
