Glass Cube aims to improve the insurance industry by building an open platform for insurance-related products using blockchain. They want to create a new and transparent platform for insurers and new players to join the market and provide smarter and better insurance products.
4.5/5 – Excellent
Their Insurance Platform, I-Chain, will enable insurers to publish their products on the Platform, where customers can buy and use those products. A website and mobile application will serve as channels of communication and facilitate common processes such as sales, processing of claims and others.
This platform can aid users in building their solutions. I-Chain provides them with a framework so that insurers can immediately start selling their insurance products instead of building everything from scratch.
Blockchain will allow the insurance industry to streamline their processing and improve customer experiences in making a claim. By storing customer information and claims in the blockchain, they could reduce the number of fraudulent activities.
I-Chain will offer consumers affordable and customized insurance products with easy sign-up, decision making, transparency and risks calculation. It will be all made possible by welcoming new players to join the market which will enable insurance companies to lower their costs to attract more customers.
4/5 – Very Good
Glass Cube, the company behind I-Chain, is a Moscow-based research company whose currently focusing their efforts on Insurance Blockchain Platform. Their CEO, Yuriy Mukhin has a PH.D. in economics. He has worked in major international companies and were a CEO in major Russian companies.
Another one of their founders, Pavel Pribylov, is a pharma market mogul and blockchain startup investor. And lastly, Sergey Chekriy has an extensive background in IT and works as CTO in financial technology startups.
Their team is made up of respected professionals with years of experience in their corresponding fields.
4/5 – Very Good
ICHN, I-Chain’s Utility Token, can be purchased thru ICO at a rate of 1 ICHN= 0.1 ETH. There is a total of 14 million tokens, and 5 million of these are for sale. I-Chain has a hard cap of 500, 000 ETH and soft cap of 100, 000 ETH.
If you buy a token before the end of October 31 this year, Glass Cube Ltd. will give you the same amount of security tokens for cooperating in their crowdfunding. Security tokens will be at 0.2 ETH following the registration of their release.
ICHN Utility token holders get access to the services on the I-Chain platform such as confirm transactions, run call center, support business process, run sales office and others. Users can earn tokens by downloading and using the I-Chain platform node.
The second token for I-Chain financials will be used for purchasing and selling insurance products and investing to risk pools.
3/5 – Low Risk
I-Chain is an innovative platform that provides a means for insurers, and consumers get cost-efficient services and products. Their whitepaper gives us a deeper knowledge on their project and how everyone and the insurance industry as a whole can advantage from it.
With the teams and their founders’ experience in financial startups, business, IT and other fields, they are much capable of seeing their project come to fruition.
3/5 – Good
The I-Chain platform gives way for entrepreneurs to create and sell their products to consumers through their website, social networks, mobile apps or instant messages. The platform will widen the range of insurance products and cut expenses for insurers, therefore lowering the prices of their products.
It gives opportunities for new players as well as give consumers easy access to insurance products. If they can guarantee the security of their platform, I-Chain will be in great demand anywhere in the world.
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