Inchain ICO To Start On October 26

Emerging startup Inchain is getting ready to launch its Initial Coin Offering, aka ICO on Oct. 26. Think: a decentralized insurance platform that allows users to insure risks of losses of their crypto-assets due to cyber attacks and hacks, as over $500 million in cryptocurrency have been stolen. In other words, Inchain, allows crypto economy users to insure their web-wallets by purchasing Ethereum smart-contracts . Sounds great, but…if an individual purchases cryptocurrency on digital asset exchange Coinbase, for instance, the assets are insured “with highly rated carriers”. So perhaps Inchain’s value prop lies in its ability to transfer the risk to investors by issuing insurance-­linked bonds. Perhaps this isn’t for everyone. Recall: just last week, Allianz, Aegon, Munich Re, Swiss Re and Zurich announced the launch of a blockchain consortium called B3i.