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Author Topic: 📢 [ANN]Black Insurance digital insurance company on the blockchain  (Read 7615 times)
saeed1968
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April 26, 2018, 05:34:27 AM
 #141

Wow its a new innovation in the insurance industry with blockchain.
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The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
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Cryptorhroni
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April 26, 2018, 05:38:01 AM
 #142

I appreciate this project. Really looks interesting Smiley
mohd1319
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April 26, 2018, 05:59:02 AM
 #143

Wow its a new innovation in the insurance industry with blockchain.so i glad to be here
Harsh5515
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April 26, 2018, 06:17:42 AM
 #144

Best teem
mi2018
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April 26, 2018, 06:20:10 AM
 #145

Wow its a new innovation in the insurance industry with blockchain.so i glad to be here

There are not ico of insurance in the blockchain as far as can see, and sure the demand will be high soon  Cheesy
Chuongtien
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April 26, 2018, 06:26:53 AM
 #146

Good project
topisky
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April 26, 2018, 06:37:38 AM
 #147

I think I still need a little clarification about the two tokens mentioned and also when is the bounty starting?
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April 26, 2018, 06:39:16 AM
 #148



Is it compulsory to join all the channels?
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April 26, 2018, 06:44:45 AM
 #149

Exhaustive information provided by OP, I have learn a lot from it Smiley

Please provide more information about Black insurance, at least some links so that people can easily have access to the project related stuff.

Hello. Here are the links
Website:
http://www.black.insure/

Twitter:
https://twitter.com/BlackInsure

Facebook:
https://www.facebook.com/blackinsure/

Telegram:
https://t.me/BlackInsurance

Linkedin:
https://www.linkedin.com/company/black-insurance/



Thanks for the info. The link the bot gives for the the telegram group isn't  working. (as at the time of this post)
tommygun90
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April 26, 2018, 06:52:11 AM
 #150

Due to the various settings of telegrams, some users have difficulty connecting to the group. When using the link: https://t.me/BlackInsurance
there were difficulties?
Stanford
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April 26, 2018, 07:21:00 AM
 #151

Just one month of bounty campaign to familiarize the crypto community with Black Insurance. Don't lose your opportunity!
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April 26, 2018, 08:02:00 AM
 #152

Get free tokens now, later it will soar the greater heights!
sumonkhan
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April 26, 2018, 08:31:24 AM
 #153

this is best project . i like it.
Stanford
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April 26, 2018, 08:32:07 AM
 #154

The price of the token is $0,2
glazzziwe
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April 26, 2018, 08:35:21 AM
 #155

this is best project
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April 26, 2018, 08:41:23 AM
 #156

i see a lot of insurance project coming to this blckchain era,,
so,what is the main difference from the others insurance project ?
regards

Thanks for this question.

Please read my previous reply here:
https://bitcointalk.org/index.php?topic=3372186.msg35461704#msg35461704
walabewala
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April 26, 2018, 08:45:14 AM
 #157

Sounds good so far but I have a few questions?
1. What will be the use of the tokens exactly?
2 who are your competitors in the cryptoshpere?
martparve
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April 26, 2018, 08:51:06 AM
 #158

Good idea having an insurance with my crypto, interesting. I'm just confused with the two tokens so you mean that there's a token swap once the platform is ready or both them will circulate in the market? Hmmm. And also regarding the insurance, are you planning to do other kinds of insurance? Say life, other business etc.

As for the 2 kinds of tokens:
- Black Platform Tokens (BLCK) are utility tokens. Issuing policies, handling claims and other transactions cost users Black utility tokens (BLCK). There is a finite amount of BLCK, and the only way to transact on Black is to buy BLCK from holders on exchanges.
- Black Syndicate Tokens (BSTx) are securities tokens, and will be issued next year, when we have become a licensed insurance carrier. Syndicates issue BSTx tokens in ICO-s and invest the proceeds in various insurance products, created by the users of Black platform.

Now, what are Syndicates? Syndicates are groups of insurance professionals that create ICO-s on the Black platform, and invest in insurance products, also listed on the Black platform. For instance, some entrepreneur creates a crypto wallet insurance, and a syndicate invests in this product. The product can be now traded, and should it make profits, BSTx token investors share the profits.

Why don't investors invest directly in insurance products? Because managing an insurance product is a professional activity, requiring underwriting, actuary, claims handling and adjustment, and reporting capabilities. This is what Syndicate takes care of, in addition to selecting a well balanced portfolio of different insurance products to invest in.

Other kinds of insurance:

Black platform is product agnostic - users can list any type of product. Life, property, liability etc. It's up to Syndicates to select which products they invest in, and to Investors to decide which Syndicate they fund in ICO-s.
martparve
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April 26, 2018, 08:59:26 AM
 #159

What kind of insurance are you offering here? And if a person will use your platform, does he have to give all the details?

Black platform is product agnostic - users can list any type of product. Life, property, liability etc. It's up to Syndicates to select which products they invest in, and to Investors to decide which Syndicate they fund in ICO-s.

Now, what are Syndicates? Syndicates are groups of insurance professionals that create ICO-s of BSTx tokens on the Black platform (x representing the number of the Syndicate), and invest in insurance products, also listed on the Black platform. For instance, some entrepreneur creates a crypto wallet insurance, and a syndicate invests in this product. The product can be now traded, and should it make profits, BSTx token investors share the profits.

Why don't investors invest directly in insurance products? Because managing an insurance product is a professional activity, requiring underwriting, actuary, claims handling and adjustment, and reporting capabilities. This is what Syndicate takes care of, in addition to selecting a well balanced portfolio of different insurance products to invest in.
mxg2999
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April 26, 2018, 09:04:46 AM
 #160




Black will use the blockchain to transfer risk directly from clients (insureds) to financial backers (Black Syndicate Token holders): minimizing all inefficiencies storing all data securely in blockchains transparent  business operations using smart contracts faster innovation by platform members
Black Insurance will use two types of tokens:
Black Platform Token (BLCK). BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.
Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of it’s BST.

The Black Insurance is a B2B platform.

It is built for insurance industry participants,including brokers, MGAs, insurers and investors.It connects insurance entrepreneurs with innovative ideas to the capital
they seek. All policies are written on blockchain, greatly reducing transaction costs and giving everyone an equal playing field for conducting business.
The Black platform creates a blockchain ecosystem for all parties that will bring transparency, democracy and efficiency to the insurance industry.
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