VERNAM

What is VERNAM?

Vernam utilizes blockchain technology to provide:

Competitive online marketplace for conventional insurance products by the biggest insurance companiesGenerous compensation - up to 30% of the policy premium in Vernam tokens (VRN) is returned to clients“CryptoSafe” - a smart contract, guaranteeing that when a defined set of events occur, the client will be compensated with a certain amount of Vernam Tokens (VRN). The newest and most innovative blockchain based insurance product that Vernam will introduce

$ 4.73 trillion Total addressable market

More than 90% Of the total insurance revenues come from North America, Europe and Asia

Up to 30% Of the traditional insurance policy price goes for broker commission

60% Of millennials already adopting online insurance

Up to 30% Sector efficiency improvement opportunity 

‍

0% commision insurance

Clients, purchasing conventional insurance through the Vernam platform will receive a cashback reward, equal to a typical broker’s commission (up to 30% of the premium price) in VRN tokens.

‍

CryptoSafe Smart Contract

Every client will be able to sign the “CryptoSafe” smart contract, free of commission, guaranteeing that when a defined set of events occur, the client will be compensated.

‍

Vernam VRN token

To take full advantage of the platform we will introduce the Vernam token (VRN), an Ethereum-based ERC20 standard non-minable utility token that can be obtained on our crowdsale.

‍

Constant demand

All insurance processes on the platform will operate with VRN tokens, generating a constant demand and rising price of the VRN token.

‍

Secure and Transparent

The use of a shared ledger will prevent any possibility for data manipulation, increasing transparency and minimizing transaction costs.

‍

Industry Know-how

Part of our team are key figures and companies with more than 20 years of experience in managing, developing and working in all fields of the insurance industry combined with top blockchain and crypto experts.

‍

Bonus Scale

ROADMAP

2017

Founders joined efforts to change the insurance industry and started building the Vernam concept.

January 2018

Concept was validated by experienced InsurTech executives, who later joined the team.

February 2018

Angel investment received, start of platform development

March 2018

Start of the preparation for a token sale

Q3 2018

Listed on an exchange

Q4 2018

Vernam platform MVP launch and testing

Q1 2019

Vernam broker starting operation in several markets

Q2 2019

First CryptoSafe smart contracts signed. Vernam mobile app launch

Q3 2019

Development of additional smart contract insurance products

2020

Operating on 8+ key European markets

‍

TEAM

‍

‍

‍

‍

‍

‍

‍

‍

‍

‍

‍

‍

‍

‍

+8 others