Vernam-uses blockchain technology to provide a competitive online marketplace for conventional insurance products by the largest insurance companies

Vernam is an insurance with 0% comssion with blockchain technology. Vernam's plan is to take advantage of the decentralized ledger and address all fundamental inefficiencies in the insurance industry. By applying blockchain technology, Vernam plans to address two major issues with the latest information flow between insurers and end customers - a lack of price transparency and a lack of adequate customer history. Vernam vision for possible next steps includes the introduction of additional blockchain-based insurance services, with a primary focus on the supply of crypto to crypto (C2C) insurance products, which are not covered by applicable law and regulation, where part of or all of the compensation will be paid in VRN and / or other crypto currencies.

Problems and Solutions

Standardization of information and procedures and customer awareness in general means that most of these insurance can be completed online easily. However, a very important issue is not about the average size of broker commissions, but about the transparency of their pricing policies and related decision-making processes.

Insurance is one industry, where sales can be difficult, especially for small companies and individuals, and when unnecessary and non-mandatory products (eg life insurance) are being discussed. By standardizing information and procedures and customer awareness in general means that most of these insurance can be completed online easily. Vernamwill digitized the insurance sector.

Plan

Vernam plans, is to provide online solutions that can optimize pricing and improve information transparency for end clients, while maintaining the current level of customer service. Vernam uses blockchain technology to resolve inefficiencies in the insurance market, resulting from asymmetric information and lack of transparency between end customers, brokers, and insurance companies.

Why Use Blockchain?

Blockchain technology is used because it is an excellent mechanism for transferring and securing funds. It can also support complicated multi-party agreements between participants in the insurance industry's value chain, using smart contracts. Blockchain can be used to create an annoying and non-destructive client history account history that insurance companies can use to optimize risk assessments, while from a customer perspective, blockchain can be the key to lowering their own insurance premiums.

Cryptosafe

CryptoSafe (CS) will be a crypto product digitally, only available through the Vernam platform. CryptoSafe will be developed in conjunction with the leading global claims management company Insuralis Germany, which will provide a risk assessment methodology and will take care of the claims management process.

Architect

Architecture of the general interaction of the whole system

Intelligent Contract Sub-System Architecture Worldwide

Procced use

30% of token sales funds will be allocated to cover social platforms and other marketing channels, including website and content development, event organizing, etc. The legal and administrative costs will be enormous, given the platform target for registering brokers in the two EU countries in Q2 2019 and covering 8 countries by the end of 2020. Therefore, 25% of token sales funds will be directed to cover those costs. The remaining 20% will be used for network development.

Token

Start Of token crowdsale: April 2018

Overview

Nama Token: Took Token

Token Symbol: VRN

Total number of VRN tokens: 1,000,000,000

VRN Hard Cap: 500.000.000 VRN

Conversion Rate: 1 VRN = 0.051-0,085 USD

Token Sale Even

Unsold tokens will be burned

Flowchart buys general insurance in the form of money through the Vernam platform.

Skala Bonus

Team and Advisor

The vernam team is composed of people with experience in the field of insurance and blockchain technology, and has an advisory support that will continue to provide input for Vernam's development in the future.

Tim