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Their 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.
The potential market size for surrendered policies in Hong Kong, Japan, Korea, Malaysia and Singapore alone exceeded US$5 billion in 2015, and yet there is no recognizable marketplace (online or offline) for policyholders and buyers to transact.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.Xchange with confidence.