Hi,
I am working on a technology project called the BitLifeAndTrust Project.
We are looking for assistance with three things:
Feedback from this community on the idea and ways to make it better.*
Some help in writing the actuaries.
Advisers to the project, who would be paid based on their level of involvement and expertise.*
My team is developing such a contract that will allow anyone to enter into a life insurance contract, pay the premiums and receive the benefit payouts without a traditional insurance company. Agents would be able to assist purchasers in entering into contracts and be paid based off the premiums and "licenced Validators" would validate a death. There are various checks and balances built in and everything is visible and audit-able by regulators.*
The project is being built on a new internet technology called a blockchain, specifically the Ethereum blockchain. Similar to Bitcoin. The blockchain allows a developer to create contracts that are immutable.
I have written a more detailed whitepaper on our website bitlifeandtrust.com
Please take a moment to read it.
Looking forward to your comments and questions.
Michael
I should add I was previously a agent in Life, Health and Disability.*
I am working on a technology project called the BitLifeAndTrust Project.
We are looking for assistance with three things:
Feedback from this community on the idea and ways to make it better.*
Some help in writing the actuaries.
Advisers to the project, who would be paid based on their level of involvement and expertise.*
My team is developing such a contract that will allow anyone to enter into a life insurance contract, pay the premiums and receive the benefit payouts without a traditional insurance company. Agents would be able to assist purchasers in entering into contracts and be paid based off the premiums and "licenced Validators" would validate a death. There are various checks and balances built in and everything is visible and audit-able by regulators.*
The project is being built on a new internet technology called a blockchain, specifically the Ethereum blockchain. Similar to Bitcoin. The blockchain allows a developer to create contracts that are immutable.
I have written a more detailed whitepaper on our website bitlifeandtrust.com
Please take a moment to read it.
Looking forward to your comments and questions.
Michael
I should add I was previously a agent in Life, Health and Disability.*