xChange with Confidence
In modern era insurance has became necessity rather than a investment. Just because of our lazy life style and unhealthy food we are becoming more prone to health issue and diseases. Life insurance policies not only giving guarantee for assurance in case of some unforeseeable future situation , but also giving assurance to help our family when we'll be not with them after death. There are many type of Insurance policies out there covering all requirements of common people. Say for example, for some medical uncertainties, there is Medical Insurance. For life itself, there is Life Insurance.
Some people treat insurance policies as an investment and continue to pay their premium over the years but some people trade insurance polices either for profit gaining or simply getting out of their existing insurance policies. But trading of Insurance policies is not as easy as it seems. There are no exchange or platform available which allows an individual to trade insurance policies. Some brokers do it but they only trade some selective policies.
What is Insurance
"Insurance was the mean of transferring or distributing risk from the insured to the insurer."
Life Insurance allows to have an assurance that if any misshaping happens to the insured person, in that case nominee gets funded with the insurance amount. And 2nd case if insured person meet any accident, life insurance policy make you capable to pay accidental damages via Insurance Company.
History of Insurance :-
Earlier in history in the 3rd Century BC. Chinese merchants ‘transferred’ or ‘distributed’ their cargo before embarking on a dangerous voyage so as to lower their risk.
Babylonian traders took insurance further by hedging their risk with an additional payment to lenders to write-off their loan if the shipment was stolen or lost at sea.
The first life insurance policy was written in the early 18th Century and has since morphed from a single application into numerous iterations with many product innovations.
There were insurance policies addressing every need of an individual through their life stages. Endowment, Whole Life, Investment-Linked, Term, Universal Life, Key-man with various riders such as critical illness, Terminal illness etc.
Current Situation with Insurance :-
With Insurance Policy there is a fixed contract and premium amount. And the insured person have to pay every year again and again. If he/ she wants to pay the whole amount in one go they can do that too. There was no fixed solution or service providers earlier, who can sell their customers insurance policies before they get mature. If there was some service holder existed, they ware doing it only for the selective Insurance Policies just for gaining huge amount of commission.
But now, a platform have come into reality which allows users to trade insurance policies without the help of any broker or intermediary, using Blockchain Technology.
What Is Blockcahin Technology?
Blockchain technology has similar architecture like the internet. Block-Chain has a builtin robustness. In block chain technology information blocks are stored in form chain block across its network.
###Advantages of the blockchain:-
1 . Cannot be controlled by any single entity.
2 . Blockchain doesn’t have a single point of failure.
Example of Blockchain Technology :- Bitcoin (BTC)-Crypto Currency
#####b Bitcoin was invented in 2008. Since that time, the Bitcoin blockchain has operated without significant disruption till this date.
What is Crypto Currency ?
In Technical terms Crypto Currency is limited entries in a distributed database no one can change without fulfilling specific conditions.
Here is list of some popular Cryptocurrency.
Transaction in Crypto Currency :-
Role of Blockchain Tech in FDX :-
FidentiaX is the P2P blockchain based technology cryptocurrency platform. As it is having blockchain technology, it makes FDX Platform Decentralized, Highly Secure and Free from any Govt. organizational control. FDX Platform offers the best Marketplace to policies holders which backboned by blockchain technology. And on top of it, FidentiaX allows people to buy and sell Insurance policies without the guidance of any middle party and in very cost-effective manner.
FDX intro :-
FidentiaX is a blockchain based platform which allows users to trade Insurance Policies leveraging the Blockchain Technology to provide high transparency and transactional security. Insurance Policies trading actually a hectic procedure because of transferring the ownership from policy holder to the policy buyer. It needs verification of documentation by the policy creator.
So, in order to make this task easy and providing a high end platform, free from any type of hassle, which do not need any assistance of intermediaries, which provides transparency and security altogether, FidentiaX has launched their platform
Solutions provided by FDX Crypto :-
1 . Trading MarketPlace
FDX Platform which allows users to buy insurance policies from other users and even sell them again for profit
2 . Intermediary Requirement
With FidentiaX platform, a person don't have to rely on any broker.
3 . Physical Presence Of Buyers & Sellers :-
FidentiaX all the work can be done online through the assistance of Blockchain Technology.
Benefits of FDX :- Tradable Polices:-
FidentiaX working model is very simple. If you want to trade your insurance policy, then you can do it effectively. :-
FDX Team & Partners :-
Team FINDENTIAX :-
Alvin Ang - CoFounder of identiaX
Information Technology and Services
Currently associated with- FidentiaX &Uncharted Group
Previously he was associated with - OCBC Bank, Standard Chartered Bank, United Overseas Bank Limited
Education - National University of Singapore
Douglas Goh - CoFounder of identiaX
Currently associated with- FidentiaX
Education - University of Melbourne Singapore
Long Tran Thanh - Applications Architect @ identiaX
Currently associated with- FidentiaX &
Education - University of Natural Sciences Ho Chi Minh city
George Agiasoglou - Software Architect
Currently associated with- FidentiaX
Education -University of Surrey Singapore
BLOCKCHAIN DEVELOPMENT TEAM
Roberto Capodieci , Jean-Daniel Gauthier & Barton Johnston- Blockchain Zoo Founder
Currently associated with- FidentiaX
ADVISORY TEAM
Varis Sayed & Dan Poh - Investment Advisor & Compliance Advisor
Currently associated with- FidentiaX.
Partner of @FidentiaX Project :-
FidentiaX Team is getting great support from Blockchain,PWS GROUP,SEGURO,BITCOIN PR BUZZ etc. And I am pretty positive about FidentiaX Crypto is going to full fill our expectations.
Future Planning of Team FINDENTIAX :-
Let Us know about Initial Coin Offering (ICO) :-
ICO is going to live for Public on 6th November 2017. If you like to buy FDX tokens before November, 6th, in this case user have to signup 1st on the official FDX website. FidentiaX is going to conduct a Private-Contribution before the Public-Contribution, specially for company affiliates, strategic partners & for few angel investors on October 20th.
CROWD TOKEN CONTRIBUTION
FidentiaX will be issuing 100,000,000 fdX tokens for Crowd Token Contribution (CTC) with bonus program for early contributors as showed below :-
ICO crowd sale will run for 30 days.
The Total Coin Supply : 100 Million
Required Soft Capital : $1 Million
These are the FdX coin price during the different phase of Crowd sale and their discount rate as well.
Terms & Conditions :- In case of not raising required Soft Capital, all the investors will be refunded in full.
Allocation of FdX tokens:-
Thanks for reading ..!!
Other Reading/Source:-
