VERNAM

Vernam is a tool for digitalization of the insurance sector. It is an online platform which will allow the end clients to inquire, receive and contract the most suitable insurance proposal for them through a user friendly interface and without the need of a third party broker, which will dramatically lower the cost of insurance services while making the business way more efficient not only for the clients, but for the insurance providers as well. Vernam utilizes blockchain technology to provide: -Competitive online marketplace for conventional insurance products by the biggest insurance companies -Generous 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