The team of leading developers and experts of bitcoin and blockchain industries launches InChain, a platform for insuring assets stored at crypto-exchanges and wallets. The project’s ICO is to kick off October 12.
The platform would enable any cryptocurrency user to ensure their assets against hack, technological risks and other problems that may entail full or partial loss of the assets. Additionally, InChain offers investment options and governance of an insurance fund via a DAO.
“The basic principles behind InChain’s organisation and functioning are security and stability enhancement for cryptoeconomy in general, as well as heating up the world community’s interest towards blockchain technology and cryptocurrencies,” the project’s founders Sergei Primachik and Dmitri Lazarichev said.
InChain is based on Ethereum blockchain. It implements insurance and insurance bond servicing mechanisms as smart contracts.
Apart from creating tools