i-chain
i-chain
Token: ICHN


I-CHAIN.NET is a global online insurance platform based on blockchain technology

ICO dates
Start date: 2018-05-17
End date: 2019-05-16

Registrated in: British Virgin Islands

Platform: Ethereum
Type: ERC20

PREMIUM ICO

i-chain categories
Smart Contract
i-chain whitepaper
Video
i-chain token sale
KYC passing required No | Whitelist No | Restriction for countries No
Soft cap 100000
Hard cap 500000
Tokens for sale 5000000
Acceppting ETH

I-CHAIN will provide a wide range of services. Insurers will publish their products on the Platform, anyone can buy them and use. Platform will also cover common insurance processes and channels of communication. It will be possible to design additional products using extended processes and channels and place these products on marketplace. Consumers will be able to buy insurance products from the platform through a website, social networks, mobile apps and messengers. No need to go anywhere or invite insurance agents at home.

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Random whitepaper excerpts

Blockchain Platform for Insurance-related products. Draft preview
Copyright © 2018 Sergey Chekriy, Yuriy Mukhin. All rights reserved.
This document and translations of it may be copied and furnished to others, and
derivative works that comment on or otherwise explain it or assist in its
implementation may be prepared, copied, published, and distributed, in whole or in
part, without restriction of any kind, provided that the above copyright notice and this
section are included on all such copies and derivative works. However, this document
itself may not be modified in any way, including by removing the copyright notice or
references to Sergey Chekriy and Yuriy Mukhin, without the permission of the
copyright owners. This document and the information contained herein is provided on
an 'AS IS' basis and SERGEY CHEKRIY AND YURIY MUKHIN DISCLAIM ALL
WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO
ANY WARRANTY THAT THE USE OF THE INFORMATION HEREIN WILL
NOT INFRINGE ANY OWNERSHIP RIG...

Blockchain Platform for Insurance-related products. Draft preview
Table of Contents
IMPORTANT DISCLAIMER
.................................................................................................................... 4
EXECUTIVE SUMMARY
......................................................................................................................... 5
OVERVIEW
................................................................................................................................................ 6
B
LOCKCHAIN
B
ASICS
................................................................................................................................ 6
C
URRENT
I
NSURANCE
I
NDUSTRY
B
OTTLENECKS
....................................................................................... 8
M
ARKET FOR
B
LOCKCHAIN INSURANCE
.....................................................................

Blockchain Platform for Insurance-related products. Draft preview
Important Disclaimer
There are risks and uncertainties associated with i-chain and its’ operations, the tokens of I-CHAIN
platform (further Token or Tokens), the Initial Token Sale (each as referred to in this Whitepaper).
You can find a description of the risk related to the Token Sale under the section Legal, which should
be read carefully. This Whitepaper, any part thereof and any copy thereof must not be taken or
transmitted to any country where distribution or dissemination of Token Sale or Initial Coin Offering
like the one described in this Whitepaper is prohibited or restricted. The Tokens are not intended to
constitute securities in any jurisdiction. Tokens are utility token and cannot have a performance or a
particular value outside the i-chain platform. Therefore this Whitepaper cannot constitute a prospectus
or offer document for investment in securities. This Whitepaper does not constitute or form part of any
opinion on any a...

Blockchain Platform for Insurance-related products. Draft preview
Executive Summary
Blockchain ecosystem is developing very fast. General public attention is currently captured by
cryptocurrencies in general and bitcoin in particular. Meanwhile blockchain ecosystem is much more
than cryptocurrencies, it can and should be used in any area where transparency is needed and where
public can gain from transparency. Insurance is one of those areas.
Although insurance industry is highly regulated, regulation does not bring real benefits to customers,
mainly regulation is aimed to keep control over insurance companies from governments, not to
improve customers experience and to limit costs. Insurance companies’ decisions and rates are not
transparent. Blockchain can improve this situation significantly. Open platform for insurance-related
products which is proposed in this document will create new transparent ground rules for insurance
industry, will enable control over services level from customer, lower barri...

Blockchain Platform for Insurance-related products. Draft preview
Overview
Due to its’ open, trusted and secure nature, blockchain acquires most attention currently. Its’
distributed ledger, smart contracts and non-repudiation capabilities enables blockchain as
infrastructure that can transform multiple processes across the insurance value chain.
Insurance industry is considering blockchain cautiously as technology, there are issues which industry
is facing currently.
A common Insurance Platform which we propose will simplify insurers to implement blockchain
solutions, resolve
scalability, expertise
and
regulation
issues. Platform would make it possible for
individual insurers to compete for customers, offering a range of products and prices by virtue of the
products linked with smart contracts they set up on Platform. Moreover, a blockchain could allow the
industry as a whole to streamline its processing and offer a better user experience for customers. At
the s...

Blockchain Platform for Insurance-related products. Draft preview
that limit the access to the blockchain, in the case of a private ledger. The construction of the chain is
made by “miners” that run algorithms to validate and store the latest ledger of data, the blockchain. [8]
Figure 1. How blockchain works. Source: Financial Times
Blockchain’s Advantages
Blockchain offers many benefits [7], including:

Simple and fast transactions – participants can transfer information or data without third
party intervention. Banking institutions, contrarily, often involve several institutions and
international money transfers systems around the globe for such a transaction, which
may take up to a week.

Fully transparent and secure – users control the transactions. When a user wants to add
or change information, the request is broadcasted to all participants holding copies of
the existing blockchain. Each participant’s system automatically checks if the
information matc...

Blockchain Platform for Insurance-related products. Draft preview

24/7 accessibility/availability – data can be expediently transferred via the system 24
hours a day, seven days a week, without delay.

Reduced cost – one ledger, controlled by secure and transparent technology, reduces
mediators and costs to a minimum.

Single point of truth – because blockchain is reliable and durable – an “unhackable”
network – it can be used as a single point of truth.
The basic principles of the chain imply that, once a transaction is validated, it is “glued” on to the
existing chain that includes all past valid transactions. As the data is stored on multiple machines, it
cannot be changed. The “valid” blockchain is the longest chain of transactions that the majority of the
nodes agree is valid. With the addition of time-stamps for the transactions and cryptology applied to
the information, this makes hacking in and changing the blockchain incredibly difficult. A ...

Blockchain Platform for Insurance-related products. Draft preview
In addition, blockchain technologies could support the significant digital transformation underway in
the industry because much of this transformation relies on data. For example, actuaries and
underwriters are using the ever- expanding universe of data to build models that more accurately
estimate risk and price it accordingly. Arguably the most exciting example of this trend is in
telematics: insurers are using data from sensors to price motor risk more accurately, reducing the
premiums of young safe drivers, and this technology is spreading to other types of cover, such as
home insurance.
However, unlike in banking, the general view among the industry is one of ‘wait and see’. “Insurers
do not necessarily need a current Bitcoin strategy to remain competitive,” says one observer, “but
should nonetheless continue to monitor the space and consider it as an area for potential innovation”.
[1]
Early activity has tended to f...

i-chain Roadmap

1
May 2018
Platform development. Target architecture (as per whitepaper) and MVP as demo. Demo accessible via https://demo.i-chain.net. Target architecture with BPM engine and all layers as per Whitepaper.
2
Sep 2018
Platform development. MPV as real product accessible to public. “IC insurance” product accessible to the public by the end of September.
3
June 2019
Platform development. Version with product constructor for one type of product. Possible to make use of Token. It will be possible to construct your own product (one type) using the platform. Thus it will be possible to make use of owned token and sell/provide your own product to the customers (1000 customers per one Token).
4
Dec 2019
Platform development. Extended products’ constructor version. At least 3 types of products. Extended product constructor version, extended token value due to it.
Extended API version for partners.
5
Dec 2021
Platform development. Full version. Full platform version, constructor for at least 5 types of products, mobile applications, full API.
Pavel Pribylov
Pavel Pribylov Strategic Investor

Zhanna Mukhina
Zhanna Mukhina Financial Director

Dmitry Bulygin
Dmitry Bulygin Administrative Director

Arseniy Metelin
Arseniy Metelin Head of Busines Analysis

Valentina Utkina
Valentina Utkina Marketing Director

Igor Struchkov
Igor Struchkov Head of Software Development

Alexey Zozulya
Alexey Zozulya Software Architect

Oleg Tsoy
Oleg Tsoy Project Manager

Alexey Dedushenko
Alexey Dedushenko Lead Full Stack Developer

Igor Chernukhin
Igor Chernukhin Lead Frontend Developer

Nikita Kent
Nikita Kent Backend Developer

Kirill Galushko
Kirill Galushko Frontend Developer

Denis Kruminsh
Denis Kruminsh Backend Developer

Vasiliy Rybakov
Vasiliy Rybakov Strategic Partner

Elizaveta Tikhomirova
Elizaveta Tikhomirova Social Media Marketing Manager

Pavel Oleynik
Pavel Oleynik Web developer / UX analyst