I-CHAIN.NET

Insurance market volume – 4 trln of US dollars per year, market share 1% – 40 bln of US dollars per year. Insurance market is closed for small and medium business (to be providers). Barriers are high, market is shared by few big players. Completion is low, products variety and availability is low (despite what is said), profits are excessively high. I-CHAIN platform will open market for small, medium and even micro businesses, they will be able to provide insurance services. It will cre... ate better products and services for customers. I-CHAIN is the “Uber” of the insurance industry. https://i-chain.net/ IT Platform is built within the framework of the project. Any person, group of people, company using the Platform can launch own insurance product or service and sell it on the global market or use it themselves (within a group of companies, industrial association or a community). There are “access tokens” which will give you the access to the Platform A minimum commission will be charged for each transaction (selling the product, payments) conducted on the Platform. When selling products on the Platform businesses can charge their own commissions and generate profit. Similar to Uber Platform which provides its services to the taxis and the consumers, I-CHAIN Platform provides its services to the insurance market players. I-CHAIN Platform is not an insurance company, it is the same as Uber is not a transport company. Platform will mainly penetrate market by its Marketplace, where external developers will be able design and publish their products. For platform it is free tool to extend products list, for external developers free tool to test their business ideas. Profit share for externally developed products will be 70/30 (30 for the platform). Platform architecture allows to develop and publish not only insurance-related products on the Marketplace. Potentially variety of products is unlimited. https://www.forbes.com/sites/kenrapoza/2018/04/29/meet-the-russians-behind-your-blockchain-and-cryptocurrency-too/#4d0658963b86 From September 2018 I-CHAIN project moved into ‘PRODUCT FACTORY’ stage. - Platform is ready and we will be publish products on the platform: - Through Marketplace - external developers will develop and publish products on the platform. Platform charges 0.5% from transactions. Profit generation mechanics: - Sales of utility tokens to partners; - Commission generated from sales of insurance products via partners to customers; - Integration projects with big players (charge from API usage and custom development); - Commissions generated from external developers products published on Platform Marketplace; - Private versions of platform implementations for corporations/government institutions. Currently ready to sell 25% of the company (sell of the European company share). Investments are welcomed to rollout products fast and grow partners network.More