Thursday, April 19, 2018

VERNAM - Transforming Insurance Industry into a Cheaper And More Transparent Industry

Greetings Community, in this new post I would like to introduce about Vernam project, and for more details let's just go to the following discussion:

What is Vernam?

Vernam is a Blockchain-based decentralized platform that connects multiple stakeholders including customers, brokers and insurance companies in the insurance industry. This will turn the insurance industry into a cheaper and more transparent industry. Varnam provides the following benefits to its users.

Zero commission service - This platform removes agents involved in the insurance industry. It automatically eliminates the necessity of paying commissions.

Improve security and transparency - Blockchain technology is an excellent mechanism for transferring and securing funds. It also facilitates complex multi-party agreements. As no intermediaries are involved, participants can be assured that their information is not being manipulated or forged.

Lower insurance premiums - Blockchain keeps a secure record of the client's insurance history, which can be used to optimize risk assessment. This will reduce the insurance premium.

Public-private sections - This platform will have a public and private section, which provides insurance-related information. Private parts allow clients to purchase insurance products through smart contracts.

Vernam uses the Vernam token (VRN) supported by the Ethereum network, as their official currency in the platform. VRN is a cryptocurrency that will be accepted and used by clients, insurance, brokers and all platform participants.

This currency not only facilitates the insurance trade but also facilitates the distribution of prizes and incentives.

Vernam hopes to allocate a total of 1 Billion VRN tokens amongst the following stakeholders.

50% will be distributed through the sale of public tokens
20% will be deposited in Cryptosafe insurance fund
15% will be allocated to founders and teams
7% will be allocated among advisers and ambassadors
The remaining 3% will be distributed through the bounty program

The Vernam concept was born in 2017 and they have started development from 2018 February. Currently, the team works to achieve the following objectives.


March 2018 - Token sales launch
3.2018 Quarter - List on crypto exchange
Quarter 4.2018 - Launch and test platform
Quarter2,2019 - Enter into the first smart contract and launch the mobile app
2020 - Entering the European market
The team consists of highly qualified and experienced professionals in the fields of law, finance, technology, online communication, and insurance trade. Here is a small explanation of the Co-Founder. Please visit their website or see white paper for more details.


Roman Angelov - CEO
Roman is currently reading for a Ph.D. and IT experts. He is CEO of Dimiroma Group, a leading IT consulting and digitizing company.

Ivan Georgiev - COO
Ivan is the founder of a successful Mobile Application Development Company and acts as director of one of the largest companies in Bulgaria.

Dimitar Mitrev - CBDO
Dimitar has experience in creating and managing various B2B IT projects. He is the CEO of Deafor.

For more information and join Vernam social media please follow some resources for the following references:

The bitcointalk name: Aray80

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