FidentiaX (FDX) announced on their website the latest feature on their blockchain, ISLEY. The blockchain powered platform will offer its users with a decentralized digital ledger for trading insurance policies and contracts. The ISLEY platform is integrated to the findetiaX blockchain to provide its users with storage of the tradable insurance policies purchased on the platform. Furthermore, the ISLEY platform will offer these policyholders a platform to advertise the stored contracts on the findentiaX marketplace for sellers to bid.
FidentiaX Launches The ISLEY Platform
The ISLEY platform offers its users with a variety of uses on the fidentiaX platform. Some are listed below:
- Upload your policies in confidence with blockchain technology
- Provide a summary of your insurance portfolio to your administrator (loved ones) to act on upon a mortality event
- 360° overview of your insurance portfolio
- Get instant notification on your insurance premiums due and maturing policies
- News and Updates on the insurance industry
The team looks forward to participation by its customers as they have launched a bonus referral program that aims to increase adoption of the platform. The competition, “BOOST ME” will reward successful referrals by ranking the most referrals made. Each successful referral is worth 1 place.
The rewards will see the top 100 referrals receive a prize of “ISLEY’s Policy Ledger Premium access”. In addition to this, the winner will receive a $500 USD voucher covering hotel accommodation and travel, the second to tenth place will receive an electronic item and the 11th to 50th place will receive fidentiaX merchandise.
FidentiaX is a blockchain-powered marketplace that aims to provide the user with a trustless, immutable, auditable and transparent environment to trade insurance contracts. The platform is a member-only marketplace that requires an annual membership fee through the blockchain’s token, FDX. Furthermore, the fidentiaX marketplace will allow users to buy, sell or use the insurance policy as a repository. The platform allows users to resell the insurance contracts to a third party at a higher price instead of the small sum received from the insurance firm.