Linking Cross Insurance Directly with Capital

BLACK IS A DIGITAL GUARANTEE INSURANCE IN BLOCKCHAI N
Our platform connects insurance bar directly with capital that allows them to launch their own virtual insurance company.
Black will use blockchain to transfer risk directly from clients
(insured) to financial support (holder of Black Syndicate Token):
- Minimize all inefficiencies
- Save all data securely on blockchain
- Transparent business operations using smart contracts
- Faster innovation by platform members
Black will fundamentally improve the insurance industry. Black is an insurance platform like Lloyds of London on the blockchain without the fees, delays and bureaucracy that we witness today.
The insurance business will be generated by the local MGA / Broker / Agent who is responsible for designing products for the market, setting prices and selling products and managing claims handling. Delegating business to local agents makes the Black business a measurable model while bringing business decisions closer to the end of the customer.
Black Insurance will use two types of tokens:

Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a special BST is made for each syndicate (security token), the insurance portfolio profitability for certain syndicates will be forwarded to the BST holder.
Use of funds & Token Distribution
ICO structure
Token Distribution
Bonus
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