Marketplace for insurance brokers and investors on blockchain. 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. Our platform connects brokers directly with investors, enabling brokers to launch their own virtual insurance companies and products, and creating a new investment asset for investors.
Prototype, Platform tech demo using Fabric+Composer
Whitepaper, Released to Public
MVP, Demo ready for Investors
ICO, Black DAO launched on Ethereum
Alpha, Platform accepting first Users
BLCK token listed on exchange(s)
First Syndicate management agreement signed
Beta, Platform ready for pilot projects
First insurance policy sold
"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 are 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."