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Black Insurance

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Insurance is broken: it's expensive, complicated and slow to meet customer needs. It's because all decisions are made by a handful of people in a small number of big insurance companies, riddled with bureaucracy. Black is going to fix insurance by introducing a democratic, blockchain-based marketplace for creating virtual insurance companies that can design and sell their own, innovative insurance products. These products will be backed by security tokens issued in the future ICO-s, allowing crypto investors to tap into insurance profits. Since blockchain enables to turn administering of insurance policies  much more efficient, these products will also be less expensive and provide more profit upside. Black Insurance is one of the most ambitious ICO backed company since it addresses the entire $4 trillion insurance market. Our team, comprised of seasoned insurance and technology executives, stands prepared to take advantage of this opportunity. Black is currently the only blockchain / insurance startup addressing the biggest and still most wasteful part of the insurance industry: creating and capitalizing insurance products. All insurance products in the world need to be created and capitalized, and currently it can only be done through centralized, wasteful and slow insurance incumbents. We're adding a third option. Most other blockchain based insurance startups are either addressing one particular product line, or one small, often relatively insignificant part in the insurance value chain. Black works with any insurance product, and with the biggest and most important part of the value chain.
General
Website: Visit
White paper: Read
Bounty: Bounty
MVP: View
Pre-sale Time: 1 Oct, 2018 - 31 Oct, 2018
ICO Time: 1 Nov, 2018 - 30 Nov, 2018
Whitelist/KYC: Whitelist & Kyc
Country: Estonia
Token Info
Ticker: BLCK
Platform: Ethereum
Token type: ERC20
Available for sale: 25,000,000 BLCK (31%)
Financial
ICO Price: 1 BLCK = 0.20 USD
Accepting: BTC, LTC, ETH
Soft cap: 2,000,000 USD
Hard cap: 5,000,000 USD
Social Media
  • 1

    Mar 2018

    Prototype, Platform tech demo using Fabric+Composer

  • 2

    Apr 2018

    Whitepaper, Released to Public

  • 3

    May 2018

    MVP, Demo ready for Investors

  • 4

    Jun 2018

    ICO, Black DAO launched on Ethereum

  • 5

    Aug 2018

    Alpha, Platform accepting first Users

  • 6

    Oct-Nov 2018

    ICO

  • 7

    Jan 2019

    BLCK token listed on exchange(s)

  • 8

    Mar 2019

    First Syndicate management agreement signed

  • 9

    Fall 2019

    Beta, Platform ready for pilot projects

  • 10

    December 2019

    First insurance policy sold

  • 11

    2020

    Black gets its own insurance license in EU

  • 12

    2022

    $300 million insurance premiums sold

  • 13

    2030

    Black's model of insurance becomes mainstream

RISTO ROSSAR

CEO and Co-Founder

BUNDEEP RANGAR

Co-Founder

CHRIS WILLIAMS

CTO and Blockchain Solution Architect

MART PARVE

Chief Operating Officer

LIINA LAAS-BILLSON

Business Development Officer

MARTIN MÄGI

Product design

PEEP PAUM

Product manager

TRIINU MURUMÄE

Marketing manager

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