fidentiaX is the world’s first marketplace for tradable insurance policies. Our vision is to create a trading
marketplace and repository of insurance policies for the masses by leveraging blockchain technology. This blockchain-powered marketplace will provide a trustless, immutable, auditable and transparent environment to disrupt the status quo. fidentiaX Open Source Foundation (FOSF) will be setup with the mission of proliferating the adaptation of blockchain technology in the Insurance Industry.
fidentiaX will disrupt the status quo and break the tethers of the insurance companies by empowering policyholders to monetize their policies. This is also a fantastic opportunity for us to demonstrate the numerous advantages of building a portfolio of tradable policies with stable returns and developing a trustless platform for trading of these policies.
Key exchange on the fidentiaX platform is based on the Curve25519 algorithm, which generates a shared secret key using a fast, efficient, high-security elliptic-curve Diffie-Hellman function. This algorithm is implemented in the same way as the Nxt.org Blockchain, on which the fidentiaX Blockchain is based.
Providing a liquidity alternative to existing policyholders through a transparent, fair and efficient platform which allows tokenization of their existing policies.
Developing a trustless marketplace for buyers exploring tradable policies as part of their investment portfolio by leveraging on blockchain technology and its benefits to provide a secured transactional ecosystem. Our platform features will be designed and developed with these member stakeholders’ needs as a guiding principle.
All participants in the Crowd Token Contribution must complete KYC. KYC is required for every user of the fidentiaX platform. In the future, users will be able to share their fidentiaX KYC and policy details with other services on a need-to-know basis.
Each country will have its own regulations for KYC. Country Representative offices will be progressively opened to process country-specific KYC.
Members’ auctions – members can use fdX to purchase insurance policies at significant discount Membership payments – membership fees collected via the platform will be used to purchase fdX token and burnt Exchange – trade fdX tokens for Platform Unified Tokens (ISX) within the platform
Funds collected from the Crowd Token Contribution will be transferred to a Trust (managed by a Law firm as Trustee) with a clear mandate on the utilization of the monies towards building the world’s first marketplace for tradable insurance policies and proliferation of blockchain technology for the insurance industry.