Topic: [ANN][ICO]SURETY.AI : Smart Micro-Insurance for the Unbanked on Blockchain - page 6. (Read 3597 times)

They will have. On the site says, that 100 mln tokens intented for private sale and 100 mln for public sale. But still no information about date...

Really good project guys. I hope it success. Good luck.

Introduced in Korean
http://newsforall.tistory.com/36
Nice Project!

in your road map, I saw that in May you have a private sale of tokens. will you conduct an open sale of tokens? and will you expand your road map?

Im also cant find. They have 200 mln (from 500) tokens for sale. 100 mln for private and 100 mln for public sale. But I cant find tokens price... And the date of sale still not announced?

Well, if you're going to look at the latest ICOs created and run lately, almost everyone requests KYC, and I think Surety should also apply.

Hi!
What's the soft cap and hard cap, how much you plan to raise?

With this strong and good team this project seem very good and potential.
will it request to do KYC and whitelist register before can join their token sale, please?
btw, will Surety run a bounty program?

100%

if there are hua_hui . dont afraid. he is the best bounty manager. i only trust him. good project

Hmmm, interesting project, but I'm reading a lot about micro-insurance and can't understand how it will work on blockchain

Thank you for detailed explaine. Can you ask devs about № of partnering with IBM? They can post this on their site and people can see as evidence of this.
Ill read their whitepaper. it looks like PolicyPal competitor? 

Exactly because of the possible price volatity, we created PCT which is a non-tradeable token that is pegged to the local currency.  PCT is used to purchase insurance and hence the consumer is not exposed to crypto fluctuations.

For the unbanked, they can purchase PCT directly and a corresponding value of SURE token will be burnt on their behlaf by our inhouse mechanism.  In this way, the non crytpo-savvy consumer does not need to understand crypto in order to purchase insurance.  For insurance companies who are using our SURETY.AI, SURE token allows them convert SURE into PCT for all the utitilty and benefits (such as storing insurance contracts), or liquidate SURE in the market if they not longer require the service.

Qns: Partnering with IBM? This means, that Surety will used IBM program for AI technology?

We are an official business partner of IBM where we use Watson as part of our AI technology layer in SURETY.AI, and do joint marketing with IBM.


Qns: How tokens will be used in this project?

With SURE Tokens, insurance policies and claim transactions can be stored on our chain, benefiting the unbanked and other participants of the ecosystem.  Among the token utilities are:

1. Insurance contracts: Insurance policies are stored on tokens and it is proof of insurance during claim. As these are immutable contracts, it fosters trust and security among insurer, re-insurer and the insured.

2. Insurance data: Unbanked consumers can use tokens to access their data for policy payment and claim information. This information form their credit history to gain access to financial services like loans from banks

3. Security and fraud prevention: Insurers use tokens to store claims data to avoid duplicate claims and insurance fraud. Blockchain’s immutable recording system can help insurers avoid claims leakage and lower loss ratio. In this way, premiums for micro insurances can be even lower for the unbanked population.

Please refer to our whitepaper for all the use cases and benefits of our tokens.  Thanks!

how this project tomorrow will work out whether this is a kind of project for family or public

Let me share my experience in crypto as a crypto investor (not in the shoe of surety ai cm).
In general, using tokens to buy things may not put the consumers to risk the price movement of the tokens. They can buy and use at the spot as long as there are necessary tools/app to facilitate such services. In return for this extra steps to get the necessary tools/app, the consumer will be incentives with certain discount. For example, today i need to buy a $100 insurance, i can just go to the app to buy and the app will tell me that i just need to pay $90. The app will then take my $90 and purchase the tokens and send the tokens to the provider. So in the end, it is a win win situation whereby i spent less, while it drive demand for the token system.

And what is PCT?


Let me get back to you when I have the answer from the dev.


Do check out the partnership and advisers. Recently, the team has double the number of reputable advisers to onboard the ico and add a lot valuable insight to the projects.

Insurance unbanked blockchain? very interesting to note, good planning, I still see if there is anything interesting here besides the one mentioned above.

Partnering with IBM? This means, that Surety will used IBM program for AI technology? How tokens will be used in this project?

It is true that the insurance industry is a big industry with lots of potential. It would make sens to use some form of making the workflow easier but I do not necessarily agree with tokens becoming tender to use to buy things with. There are too much volatility going on in crypto for stable retail type payments apart from maybe a handful of coins out there.

Then also why do you want to burn tokens for PCT? Isnt that becoming a bit complex especially if you are targeting unbanked? Unbanked might not be crypto savvy.

Keith | SURETY.AI CEO:
Thanks for analysing our business and giving us your questions:

1. Micro-insurance can be for anything ranging from life, health, personal gadgets, livestock etc.  The main differences between micro-insurance and traditional insurance products are their lower prices and lower coverage values.  Micro-insurances were not commonly sold in the past because their lower prices do not incentivise the agents.  With  digitisation, it is now possible to sell micro-insurances to end consumers.

2. With almost two-thirds of the vast population of Asia now using mobile phones (and usage is still increasing), growing  demands for technology-driven solutions will push insurers to enhance digital capabilities  in 2018 and beyond. In 2016, for example, there were approximately 330 million online 
insurance customers in China, an increase of more than 40% from the year before, 
according to Ant Financial and CNBData. These numbers will continue to grow as 
consumers in Asia demand mobile solutions in buying insurance, and they want it simple, 
affordable and on-demand. 

3. Our token is pegged to the local currency which makes understanding its value and using it by the unbanked relatively easy.  It also contains the smart contracts that help insurance companies track insurance contracts and claims data, among other and utilities.