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Fintech Startup fidentiaX Introduces World’s 1st Marketplace for Tradable Insurance Policies

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fidentiaX

SINGAPOREOct. 15, 2017 /PRNewswire/ — Fintech start-up fidentiaX is in the developmental phase of creating the world’s first marketplace for tradable insurance policies by disrupting the status quo by empowering policyholders to monetise policies on the blockchain. fidentiaX will also be setting up fidentiaX Open Source Foundation (fSOF) to proliferate the embracing of blockchain technology for the insurance industry.

In 2016 alone, the total market size for insurance premiums in the 40 OECD reporting countries was estimated to be in the north of $3.86 trillion dollars and Asia is projected to the be fastest-growing market for life insurance with an estimated real annual compounded growth rate of 10.2%.

The tradable insurance market is faced with inefficiencies such as:

Lack of awareness – Policyholders are unaware that policies are tradable assets which could be sold in the open market for a higher value. In 2015, out of the US$112 billion worth of policies surrendered in the U.S., US$57 billion (estimated 250,000 policies) could be resold.

No Recognizable Marketplace – The lack of a recognizable marketplace makes it challenging for sellers and buyers to connect.

Dependency on 3rd party – In the rare occasion where seller and buyer actually connects, parties need to place trust on a 3rd party to effect the transaction.

fidentiaX’s marketplace will be a membership-based ecosystem focusing on the key stakeholders and providing the following services:

Policy ledger – Break traditional reliance on intermediaries by creating a digital ledger for policyholders.

Trustless Marketplace – Provides a platform for buyers and sellers to connect and trade policies via the blockchain.

fidentiaX will focus on building its operations within Asia before executing its global expansion strategy. Key countries within Asia are Hong KongJapan, Korea, Malaysia, and Singapore.

To learn more, please visit fidentiaX’s official website at https://www.fidentiax.com and stay updated with their Crowd Token Contribution launch by subscribing to their mailing list.

Stay connected through their social channels:

Join us on Telegram Channel at https://t.me/fidentiaX
Follow us on Facebook –
 https://www.facebook.com/fidentiaX
Follow us on Twitter – https://twitter.com/fidentiaX

Media Contact:
Name: Alvin Ang
Email: Alvin.A@fidentiaX.com
City and Country Location: Singapore

https://www.fidentiax.com

“This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company, product or service. Bitcoin Africa Ltd. is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in the press release.”

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Press Releases

Ripple CTO Stefan Thomas Confirmed as Keynote Speaker at the Blockchain Africa Conference 2018

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Ripple CTO Stefan Thomas

Bitcoin Events Pty Ltd is excited to announce that Stefan Thomas, Chief Technology Officer at Ripple, will be the keynote speaker at the Blockchain Africa Conference taking place in Johannesburg on 8-9 March 2018.

Stefan is the producer of well-known “What is Bitcoin?” video and his open-source software projects, such as BitcoinJS, are widely used in the industry serving millions of crypto-currency users. He is currently the CTO of Ripple, the leader in enterprise blockchain solutions for global payments. Since joining the SF-based company in 2012, Stefan co-created the Interledger protocol (ILP), an open protocol for moving value across ledgers in the same way that information currently moves over the internet.

Stefan will discuss ‘Blockchain – Connecting the World or Dividing It?’ Since the launch of Bitcoin in 2009, blockchain’s great dream has been to connect the world. Stefan will look at his more than seven years working full-time on Bitcoin and Ripple, and give his take on how much progress has been made towards that dream. He will cover the role of ICOs, smart contracts and what blockchainers can learn from the early days of the internet. Finally, he will talk about the Interledger protocol and how the Bill and Melinda Gates Foundation is using it to make the financial system accessible to everyone.

The cryptocurrency, XRP, recently surged to an all-time high of US$3.84 on January 4, 2018, and by-passed Ethereum to become the second largest cryptocurrency (after Bitcoin) in terms of market capitalisation of US$120 billion.

Ripple uses blockchain technology to provide a much cheaper, faster and more streamlined experience removing the pain and friction from global payments. Financial institutions can use XRP to fund payments on demand, which makes it one of the most scalable digital assets in the world.

For more information about the conference or to buy tickets, visit www.blockchainafrica.co or email Blockchain Africa at info@blockchainafrica.co.

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Press Releases

Land LayBy Sets Pace for the Incorporation of the Blockchain in African Real Estate

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land layby holdings

2018 is set to be a revolutionary year for Africa as the Land LayBy Holdings, the parent holding company of a flagship of real estate & fintech companies sets the pace for the incorporation of blockchain technology in the African real estate sector. Given the blockchain disruption of financial services with the introduction of cryptocurrencies that are working successfully, it’s hard to find a sector that has not been directly or indirectly influenced by the technology.

Cryptocurrencies have made a strong impact on payments, remittances, and foreign exchange. Token Generation Events (TGEs) have challenged stock investing, startup loans, as well as venture capital. The disruption is now in the African real estate industry as private companies seek to introduce it to land transactions and maintenance of public ledgers.

land laybyThere is a grand opportunity to significantly alleviate such incessant challenges in our real estate industry permanently. Land Layby Kenya Ltd, a Kenyan leading real estate and fintech company, operating in 4 other countries (Australia, Ghana, UK and USA) is propelling Africa’s real estate into the Blockchain space with platforms built on this new technology. The company is set to launch the minimal viable product (MVP) for Africa’s first multinational Blockchain powered land registry early 2018. The platform, which shall be accessed using a special digital utility key called the Harambee token, will transform the way we buy and sell real estate by doing away with the hidden costs, unnecessary intermediaries, and reduce transaction time significantly. It will enhance data security and eliminate manual errors and duplication of verification processes.

Generally, the Blockchain contains a certain and verifiable record of every transaction ever made, which mitigates the risk of double spending, fraud, abuse, and manipulation of transactions. The crypto economics built into the Harambee Token provide incentives for the participants to continue validating blocks, reducing the possibility of external influencers to modify previously recorded transaction records.

Land Layby Holdings hopes to permanently address the trust gap by disclosing land and land options to the public, but with special privacy requirements. The initial role of the platform will be to provide a mirror reflection of the Government Land Registry systems.

General Inquiries:
info@harambee.io
Tel: +254 780 145 061 | +61 469717185 | +1 833 894-LAND | +61 1300799063 | +44 8000516788

To learn more about Land Layby, visit www.landlayby.com.au.

“This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company, product or service. Bitcoin Africa Ltd. is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in the press release.”

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Features

Don’t miss the Blockchain Africa Conference 2018

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Blockchain Africa Conference 2018

Bitcoin Events’ 4th annual Blockchain Africa Conference 2018 takes place in Johannesburg on 8-9 March 2018 and has received tremendous interest from industry experts around the world.

It’s an exciting time in the blockchain and cryptocurrency arena which may offer some solutions to current problems and future growth opportunities in Africa.

Blockchain technology is already disrupting finance, energy, supply chains and other sectors, while Bitcoin, the world’s largest cryptocurrency by market capitalisation, has just surpassed the psychological high of US$10 000.00. It is up more than 800% on a year-to-date basis. Ethereum has now also reached an all-time high of more than US$500.00 over the last few days. The total market cap of all cryptocurrencies is now over US$300 billion.

What the conference focuses on

  1. Use cases

How blockchain technology is used in payments, settlements, supply chain management, record keeping, file storage, proving of ownership, and smart contracts, and blockchain as a service and identity management. Some of the most interesting start-ups in South Africa will be discussing how they are using blockchain technology to solve real problems. Start-ups who’ll be sharing their insights include ProsperiProp, Rehive, Wala and the IXO Foundation. Read more about them here.

  1. Regulatory environment

How blockchain technology can improve transparency, audit trails and transaction reporting to ease regulatory and compliance processes, as well as how regulators are considering regulating cryptocurrencies and blockchain technology.

  1. Technology hurdles and opportunities

Concerns around performance, scalability and blockchain infrastructure and the implementation of blockchain systems.

Who the speakers are

The Blockchain Africa Conferences have always attracted an impressive line of speakers. The 2018 conference is no different.

Blockchain expert, CEO of Bankymoon and Co-founder/CEO of Centbee Lorien Gamaroff will kick off the conference in Johannesburg as the Master of Ceremonies.

Speakers include Head of Business Development at ConsenSys and Co-Founder of ConsenSys Capital Andrew Keys (USA), Founder and CEO of BitPesa Elizabeth Rossiello (Senegal), Leader of Rand Merchant Bank’s Blockchain Initiative Farzam Ehsani (RSA), Co-Founder and CEO of Luno Marcus Swanepoel (RSA) and CEO of the IXO Foundation Anne Connelly (Canada).

Read more about our speakers here.

Get your ticket now

Early Bird tickets have now closed, but some standard tickets are still available.

Groups of 5-14 receive 5% off the standard ticket price and groups of 15 or more receive 10% off the Standard ticket price.

For more information about the conference or to buy tickets, visit http://www.blockchainafrica.co.

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