The Insureum Protocol

Using the Insureum Protocol, insurers get the data they need to create better policies. Developers and other third parties are incentivized to connect their apps and services to the Insureum Protocol. And policyholders are rewarded for sharing their anonymized data.

Within this ecosystem, these parties can exchange blockchain based tokens (Insureum) to buy and sell 100% anonymized data. Using blockchain to securely send this information between all parties, and to build new insurance policies will save the insurance industry millions every year.

Insurance Decentralized

Here’s how the Insureum Protocol will connect the industry

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The Insurance Industry Today

Currently, this centralized ecosystem is built around one-way transactions and outdated operations. This leads to expensive operating processes, underwriting practices and policies that don't quite match policy holders.

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The Future Of Insurance

A decentralized Insurance industry would mean that companies will have access to the information they need and create value for all major parties.
They’ll be able to to create personalized policies, and save money with more efficient, automated processes. Policyholders and third parties have an incentive to join in and will be 'rewarded' with tradable cryptocurrency by using the protocol.

Token Sales

Token Sale Summary

Start

May 30th, 2018

Acceptable currencies

ETH

Number of total tokens generated

297,000,000 ISR

Number of tokens for sale

193,050,000 ISR (65% of total)

Tokens exchange rate

1 USD = 10 ISR

Investment cap

Min: 0.1 ETH
Max: 1000 ETH*

ICO will start in (tentative)
Sign Up Here

* for larger investment, please contract at contact@Zikto.com

Token distribution (total 297M ISR)

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Allocation Of Funds

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Roadmap

Timeline

Here’s where we are now, and where we’re going in 2018

Partners

Our partners include major players in the insurance, fintech and healthcare sectors.

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Supporters

Insureum is supported by value-driven investors, accelerators, and governmental organizations.

Our Team

The Insureum Team

The Insureum Team is composed of experienced professionals in various sectors including data, insuretech, finance, digitization, development, analysis, management consulting, sales and marketing.

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Ted
Kim
Co-founder, CTO & Co-CEO
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Ted Kim

Co-founder, CTO & co-CEO

Ted Kim is the co-founder, CTO and co-CEO of Zikto, he focuses on the development and engineering behind The Insureum Protocol.

Professional background:

- Machine learning/deep learning researcher at Future Device Lab at LG Electronics

Educational background:

- BA in electrical engineering at Purdue University
- MS in computer engineering at Purdue University

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David
Suh
Co-founder, CFO & co-CEO
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David Suh

Co-founder, CFO & co-CEO

David is in charge of the financial management, fundraising, and business development at Zikto.

Professional background:

- Proprietary trader at Shinhan Investment Corporation
- Analyst at Sears Holdings

Educational background:

- BA of business administration from Purdue University

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Thomas
Choi
Lead blockchain developer
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Thomas Choi

Lead blockchain developer

Thomas manages data outflow at Zikto. He managed the Government project of blockchain development with SK Telecom and Coin Plug in 2017.

Professional background:

- MWN
- Founder and CEO at Sentence

Educational background:

- BA and MS of electrical engineering from Virginia Tech

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Ziggy
Bak
Growth hacking Director
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Ziggy Bak

Growth hacking Director

Ziggy oversees strategy and marketing.

Professional background:

- Business developer and analyst at Reddal
- Associate at Crevisses & Partners, a venture capital/incubator
- Founder of Style Plugged

Educational background:

- BA of business administration from Korea University

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Jay
Kim
Senior Developer
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Jay Kim

Senior Developer

Jay leads development and maintenance of The Challenge, both on front and back-end.

Professional background:

- Leading Developer Daum Kakao
- Leading Developer at Comtus

Educational background:

- BA of electrical engineering from Yonsei University

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Andrew
Seo
Sales Director
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Andrew Seo

Sales Director

Andrew tackles B2B sales and Customer service.

Professional background:

- LG Electronics
- Deloitte Consulting

Educational background:

- BA of business administration at Sungkyunkwan University

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Michael
Ahn
Marketing Manager
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Michael Ahn

Marketing Manager

Michael is responsible for overall marketing strategy at Zikto.

Professional background:

- Streami Inc.
- T3 Trading Group, LLC.

Educational background:

- BA in economics and East Asian studies at Brandeis University

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Peter
Han
Junior blockchain developer
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Peter Han

Junior blockchain Developer

Peter is supporting general analysis of the insurance industry and modeling of the business models under Insureum Protocol.

Professional background:

- Associate at Meritz Fire & Marine Insurance

Educational background:

- BA of mathematics and financial engineering from KAIST

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Newt
Choi
Customer service Manager
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Newt Choi

Customer service Manager

Newt manages customer service and customer orders.

Professional background:

- CS team associate at Korean Air
- CS team associate at Pharmaceutical Department of Inje University Ilsan Paik Hospital

Educational background:

- BS in animal biology science from Hankyoung University

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Donna
Lee
Financial Administrator
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Donna Lee

Financial Administrator

Donna is managing the overall cash inflow and outflow of Zikto.

Professional background:

- Finance and HR administrator Axiom Info System

Educational background:

- BA in economics from Korea National Open University

The Advisory Board

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Will
O’Brien
Technical and Strategic Advisor
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Will O’Brien

Technical and Strategic Advisor

Mr. O’Brien is supporting the Insureum Protocol with the insights and knowledge from his experiences. As a seed investor of the Ethereum Foundation, he is a renowned Crypto expert with solid background in tech and business areas.

Professional background:

- CEO at Bitgo
- Limited partner of Blockchain Capital
- Seed investor of the Ethereum foundation
- Investor, mentor and strategic advisor for early stage startups
- And a lot more…

Educational background:

- MBA at Sloan school of management, MIT
- BA of computer science at Harvard University

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Chanwoo
Lee
Investment Advisor
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Chanwoo Lee

Investment Advisor

Mr. Lee is supporting Insureum with knowledge and network of insurance, finance and investment industries. He is connecting the key people for Insureum to successfully develop the initial stage of the Insureum Protocol.

Professional background:

- Professor in business administration at Kookmin University
- Former CIO for NPS (National Pension Service – world's 3rd largest pension fund, USD 520 Billion AUM)
- Former CIO for Teacher's Pension Service
- CIO for National Credit Union Federation
- CIO for Kyobo Financial Group
- And many more…

Educational background:

- Ph.D. in business administration from Kwangwoon University
- MBA from Yonsei University
- Bachelor's degree in Economics from Korea University

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Ismail
Malik
Blockchain and media advisor
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Ismail Malik

Blockchain and media advisor

Mr. Malik is providing deep understanding about the crypto market as one of the worldwide 100 most influential people in the Crypto market.

Professional background:

- Editor in Chief at ICO Crowd
- Selected as one of the worldwide 100 most influential people in the Crypto market
- Founder & CEO at BlockchainLab

Educational background:

- studied in Birkbeck, University of London

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Kingsley
Edwards
Blockchain advisor
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Kingsley Edwards

Blockchain advisor

Mr. Edwards is advising on the blockchain development and overall ICO process with his experiences of founding and managing successful ICO projects

Professional background:

- CEO at Block16.io
- Co-owner of Rogue Sports
- Founder of Las Vegas Bitcoin Meetup
- Former VP of business development at Unikrn
- Founder and CEO of Leet

Educational background:

- Studied Finance at College of Southern Nevada

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Santhosh
Kumaraswamy
Engineering Advisor
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Santhosh Kumaraswamy

Engineering Advisor

Mr. Santhosh is a serial entrepreneur with a number of successful exits. He is a hands-on technology leader with deep capabilities in building products and growing high performance teams & companies in Blockchain, Cryptocurrencies, AI/ML, mobile, etc. Santhosh has also consulted to Fortune 100 companies in healthcare, pharmaceuticals, manufacturing, big-box retail supply chain, fin-tech, etc.

Professional background:

- President at Mobiuso
- Co-founder & CTO at EOSNodeOne
- Founder at Innovation Biosciences
- Advisor to companies at Blueprint Health (New York)
- Director at Skyscape - acquired by Merck

Educational background:

- Masters degree from Harvard University
- Masters degree from Boston University
- Bachelors from Indian Institute of Technology (IIT Madras)

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Chanki
Lee
Investment advisor
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Chanki Lee

Investment advisor

Mr. Lee is supporting Insureum Protocol with his professional knowledge and experiences, as well as the network from one of the most active investment firm in crypto in Korea.

Professional background:

- CPO and Co-founder at Nextmatch
- Former CEO at DAYLI Marketplace
- Executive board member at DAYLI Financial Group

Educational background:

- Bachelor’s degree in computer science from POSTECH

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Yohan John
Kim
Investment advisor
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Yohan John Kim

Investment advisor

Mr. Kim is supporting Insureum Protocol with his deep understanding about the crypto market and the network with the most influential people in the market.

Professional background:

- Founder and Managing Partner of NE Partners, a blockchain startup advisory and investment company
- Limited Partner of Pantera's ICO Fund
- Advisor for numerous blockchain companies and investments in the industry, including StreamToken, Origin Protocol, FunFair, DMarket and others
- Former International Senior VP of eDaijia, Senior Director of Operations & Head of Kabam KR, and Director of GREE Korea
- Venture capitalist and investment banker (Kennet Partners, TeleSoft Partners, Citigroup Global), executing transactions resulting in over $1B USD in value

Educational background:

- BS in Finance from Illinois at Urbana-Champaign
- Studied Organizational Behavior & Modern Korean History at Yonsei University

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Sungjae
Hwang
Investment advisor
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Sungjae Hwang

Investment advisor

Mr. Hwang is providing deep insights on the startup and blockchain, as well as networks with Korean startup investment and accelerators, from his expertise in tech-based startup and investment field.

Professional background:

- Co-founder & CEO, FoundationX
- Co-founder & Partner, FuturePlay
- Co-founder & CSO, Pium
- Former Co-founder & CPO, Fluenty (Acquired by Samsung Electronics)

Educational background:

- PhD. in HCI, Graduate School of Culture Technology, and MS in Computer science from KAIST
- Bachelor's degree in Computer Science from Kwangwoon University

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Chiweon
Kim
Healthcare advisor
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Chiweon Kim

Healthcare advisor

Healthcare advisor. Mr. Kim is supporting the Insureum Protocol with his deep insight on medical sector, as well as on the strategies.

Professional background:

- Managing partner at Digital Healthcare Partners
- Managing director of Seoul Wise Convalescent Hospital
- Associate at McKinsey & Company
- Strategy & Medical Advisor at Noom Inc.

Educational background:

- PhD in internal medicine from Seoul National University
- MS from the graduate school of public health at Yonsei University

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Yoon-Sup
Choi
Healthcare advisor
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Yoon-Sup Choi

Healthcare advisor

Mr. Choi is a tech and healthcare expert, providing the insights on developing tech-based healthcare service to the Insureum Protocol.

Professional background:

- Chairman of Choi Yoonsup Healthcare Research Center
- Managing partner at Digital Healthcare Partners
- Visiting professor at the Digital Health school of Sungkyunkwan University

Educational background:

- PhD of system biotechnology from POSTECH
- BA in computer engineering and life science

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Kwang-nam
Kim
Investment advisor
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Kwang-nam Kim

Board Advisor

Mr. Kim is sharing his knowledge and expertise on investment and laws, especially about the patent and IP protection.

Professional background:

- Representative of KNK Partners
- Partner patent attorney at Ji-Myeong Patent & Law
- 20 years’ experience in investment and intellectual properties
- Managed various kinds of private funds (AUM of KRW 300 million) at Ideabridge Asset Management

Educational background:

- BA and MS in electrical engineering from Seoul National University

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Sung-ki
Lim
Insurance advisor
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Sung-ki Lim

Insurance advisor

Mr. Lim is bridging the Insureum Protocol with the actual insurance product development, sharing his expertise in Actuaries and network in the insurance industry.

Professional background:

- Director of The Institute of Actuaries of Korea
- Team leader of product/actuaries and IFRS TFT at Kyobo Life Planet Insurance

Educational background:

- BA and MS of mathematics at Seoul National University

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Gana
Oh
Medical advisor
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Gana Oh

Medical advisor

Mr. Oh is providing his expertise on medical sector, especially on how Insureum Protocol can connect with medical sector in later stages.

Professional background:

- Managing director at Oh-Gana Dermatology Hospital

Educational background:

- Korea University Medical School

FAQ

Your Insureum Questions Answered

When is the token sale?

The token sales will take place in May 30th, 2018.

What is the total market cap for ICO?

Total market cap will be around USD 30M initially. We will sell about 65% of the total tokens (USD ~20M amount) and use USD ~10M for the protocol development. You can find more details on our whitepaper.

How much of the total tokens will be sold to the public?

We are planning to sell 197M ISR and raise 20M USD.

Where is Zikto based? Are you only concentrated on the Korean/Asian market?

While our main office is located in Seoul, our service is not limited to Korea. Zikto Walk (formerly Arki) has been sold to individuals and companies across the USA and EU. Our Insureum Protocol is targeting insurers, developers, and policy holders across the globe.

Why insurance? Why did the team shift focus after launching a wearable?

While analyzing the movement and lifecycle data from Zikto Walk, we found that people's lifecycle data had huge potential to help those outside of the wearable and fitness industry. The insurance industry is one that needs this data to create real policies for real people. There are also many individual developers who want to monetize their own products and services.
We believe that by decentralizing some of these processes and collecting them all in the same ecosystem, we will solve long standing pain points from all parties in the industry.

What is Insureum?

Insureum (ISR; Insurance + Ethereum) is a cryptocurrency that is exchanged between insurance providers, developers and insurance users. It is most commonly transacted between data providers and data requestors. Users can sell it, and data providers can use it to buy more data.

Who are the players in The Insureum Protocol?

There will be three main player groups, who are the stakeholders of the insurance industry: Insurance companies, 3rd parties, and the users/policyholders. Insurance companies include all global companies and local startups, like P2P insurers. 3rd parties mainly include app developers, GA (General Agencies for sales), inspectors, and other players who can add value to the Protocol. Users and policyholders are the users of the 3rd parties and consumers of the insurance companies.

Why is it based on Ethereum, not Bitcoin or other cryptocurrencies?

Insureum will be benefited from the fact that Ethereum is already widely-used and well-recognized as a secure blockchain platform. Also, Ethereum has two distinctive features which are smart contracts and Decentralized Autonomous Organizations (DAOs).

Get In Touch

Any questions? Reach out to us and we’ll get back to you shortly.

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