iXledger (IXT)

iXledger, the crypto

iXledger (IXT) is a blockchain-based platform that aims to provide a decentralized market for the insurance industry. It uses smart contract functionalities of blockchain technology to connect insurers, reinsurers, and brokers with each other, enabling transparency and securely sharing data across the network.

The point

The main point of iXledger (IXT) is to digitize and streamline the antiquated insurance industry by utilizing blockchain technology to create a transparent and efficient marketplace. The platform facilitates the process of obtaining insurance coverage by enabling companies and individuals to connect directly with underwriters, removing the need for intermediaries, and creating cost savings and faster transactions.

The problem

iXledger (IXT) aims to solve several problems that exist in the insurance industry, such as lack of transparency, inefficiency, high transaction costs, and fraud. By providing a decentralized platform that utilizes blockchain technology, it removes intermediaries and introduces trust, speed and transparency. This helps improve the overall customer experience by enabling direct interaction between insurers, reinsurers, and brokers, reducing the time and costs associated with settlement and ultimately reducing the cost of premiums paid by individuals and companies.