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ICO review: Umbrella Coin is a next generation insurance platform built ...





Hello. We continue discussing projects that are going to ICO on August 20th and the next project is Umbrella Coin. I went through their whitepaper and their website and first I want to talk about the team. This is the first website where I see almost the whole team on one photo. What I notice from their linkedin profiles is that most of them are working for Microsoft right now. Only Terry Tata and SOn Nguyen had mentioned that they are in Umbrella Coin project.


Let's move forward. What are they doing? They are sort of revolutionizing the insurance industry by bringing the blockchain and letting community decide if you should receive your insurance payment or not. The crowd intelligence is a nice idea. We like that idea. We can wish good luck to those guys.


To be honest I do not like their website with that background and scrolling thing. But what I can tell you exactly that they have very clear videos on their homepage. They are pretty active in social networks. However some of the posts looks to me having too many likes and reposts compared to the number of subscribers. But all this depends on how your audience is.  They are also presented in the facebook. They had mentioned in one of the articles on their medium blog that they made some big steps forward. So I decided to take a look at their github. And guess what, yes they have some progress. The way I figure out they are doing something is cause they got 41 commits in one of the branches and in another one they have 65 commits. Here are the updates.


Write in the comments to this video what do you think should we invest into this company or not? Do you see any concerns besides those I had mentioned? Do you think insurance industry is ready for such blockchain project or will it be ready in the next two years?
Ok. Lets move on.
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