Hi,
I am working on a project called BitLifeAndTrust Project.
We are looking for help with three things:
Feedback from this community on the idea and ways to make it better. *
Some help in writing the actuaries. Adviser to the project, who would be on the basis of 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.
I did not find the right solution from the internet.
References:
http://www.insurance-forums.net/forum/li…tup-t90246.html
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