Global insurance block cloud platform

One-stop blockchain insurance service platform for online

insurance and payout

IBS white paper

Challenges

Challenges faced by the insurance industry

Inflation issues

Centralized trust issues

Too many intermediaries

Unsecure information

High Operating Cost

Non Standardized Product

Solutions

insurance block cloud Solutions

Earlier Stage

In the first phase, we will build an insurance block cloud (IBS)-based network and app platform, and maintain a normal operation by developing a series of rules. We will cooperate with AIA, Raffles, Aviva, NTUC income, Great Eastern, Prudential PLC insurance companies that allow users to use insurance coins (IBS) to buy policy and get payout.

MidTerm

In the second phase, When the insurance block cloud users have accumulated to a certain number of levels, the mutual help mode initiated by the user or institution is opened.Mutual assistance means individual with the same insurance needs. By complying with the treaty and choosing to join a mutual aid plan and pay the fees to form a form of mutual assistance and the mutual aid shall be used for the event agreed upon by the treaty.

Later Stage

In the later phase, through the establishment of a scalable, SMART contract and side chain, a series of operations such as insurance selection, change, compensation and mutual assistance protection were implemented in the chain.

IBS Token

insurance block cloud ICO introduce

Use of IBS

Serving tokens as collatera

Purchase insurance products

Interact with other participants

Reward Curstomer

Distribute income and profits among participants

Making payout

Allocation

We will issue 1billion insurance block cloud (IBS) tokens.

The distribution plan is as follows:

Mining50%

Team20%

private
R&D20%

Community10%

Platform

insurance block cloud platform

Remote signing (video kyc) (no need to face to face, legal to purchase of foreign insurance)

The policy we provide will go through three stage of regulation verification and an audit process from the signing to the approval.

You can either choose the insurance coin to pay the policy, or you can pay with VIISA or MasterCard monthly. You can choose US dollar or Singapore Dollar.

Better policy term and lower cost Compared with the mainland China insurance.

Time Axis

insurance block cloud time axis

2018

In February 2018, the insurance block cloud project was established and recruitment of personnel was completed. Conduct market research and explore how the blockchain transforms traditional insurance business.

Achieve $5 million sale of products on the insurance block cloud. Corporate with eight insurance companies, and more than 10,000 customers were served in the first quarter.

2019Q1

2019Q2

Listed on digital currency exchange, 15 cooperative insurance companies, and 100,000 users. Dealing with a $10 million policy. Become the sole agent of an insurance company in China market.

Launched an insurance block cloud test application (trial run) covering the Philippines, Indonesia, Malaysia, and India markets.Registered users exceeded 200,000 and reached strategic cooperation with more than 30 world-class insurance companies.

2019Q3

2019Q4

Develop the main chain, we will launch the first DAPP on the insurance block cloud (IBS) ecosystem. Users and developers from around the world will be able to design and purchase insurance solutions in the ecosystem. Achieve the goal of users purchasing insurance product worldwide.

2018

In February 2018, the insurance block cloud project was established and recruitment of personnel was completed. Conduct market research and explore how the blockchain transforms traditional insurance business.

2019Q1

Achieve $5 million sale of products on the insurance block cloud. Corporate with eight insurance companies, and more than 10,000 customers were served in the first quarter.

2019Q2

Listed on digital currency exchange, 15 cooperative insurance companies, and 100,000 users. Dealing with a $10 million policy. Become the sole agent of an insurance company in China market.

2019年Q3

Launched an insurance block cloud test application (trial run) covering the Philippines, Indonesia, Malaysia, and India markets. Registered users exceeded 200,000 and reached strategic cooperation with more than 30 world-class insurance companies.

2019年Q4

Develop the main chain, we will launch the first DAPP on the insurance block cloud (INS) ecosystem. Users and developers from around the world will be able to design and purchase insurance solutions in the ecosystem. Achieve the goal of users purchasing insurance product worldwide.

Teams and Revolution

Top Insurance Teams and Insurance Revolution

The members of the insurance block cloud team are senior staff with more than 10 years of experience in the insurance industry. They have worked for many top international insurance companies including AIA, Prudential PLC and Ping An Insurance. Which provided professional services to 10,000 domestic and foreign customers and has rich experience in insurance industry.

The theme of the World Economic Forum's Davos Annual Conference in 2019 will focus on "Globalization 4.0: Building the Global Framework of the Fourth Industrial Revolution Era." Blockchain technology has long been known as the booster of the fourth industrial revolution. In the future, the blockchain transformation is an indispensable part for the insurance industry revolution.

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