An Insurance Solution based on Blockchain
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Start Date
Close date
Smart contract blockchain
Team:
Ingemar Svensson - Founder & CEO/CTO
Cristina Dolan - Co-founder & COO
Mikael Olofsson - Co-founder & Entrepreneur in Residence
Valdi Kamenarov - Architect
Nicolas Cherence - Lead Ethereum Developer
Charlotte Holmen - Lead UX Developer
Expert Review
Their platform leverages the Ethereum blockchain and its smart contracts which provide a comprehensive development environment and a large community.
The good thing about this team is that it has the right mix of Talents from Insurance Industry and Blockchain Technology in their core team and the Advisory Board boats some good names in Insurance & Cryptocurrency Industry.
But I have some concerns for which I hope they address in future:
1. If their product is Alpha ready will it be an open SASS / DAPP platform or will it be a closed B2B platform, if so then going via VC route for funding would have been a better step.
2. In their Website and in their whitepaper the architecture explanation for me was not extensive and as they are planning to use Ethereum, in what capacity they will use Ethereum and in what capacity Orient DB will be used is not clear.
InsureX is a marketplace for insurance based on blockchain technology. It is aimed primarily at institutions such as insurers, reinsurers and brokers. Bringing these participants together directly results in an efficient, cost-effective and transparent marketplace. Smart contracts provide support for streamlined processes between multiple parties.
Disadvantages: This ICO seems to be targeted more towards Institutional Investors rather than retail.
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