Daan van Tongeren, The Netherlands

Alpha Project: Quote Corporate Insurance Market / CIIS Coin

Daan, what made you participate in the OST ICO?

I honestly didn’t know that much about blockchain technology until somewhere in October 2017. Listening to Jason Calacanis’ podcast interview with Jason Goldberg, I learned about OST / Simple Token and the project’s ambitions. It got me excited and it made me dive into the rabbit hole of crypto. I found out later about 2000 other projects in crypto land, but I still think this is one of the best use cases for utility tokens to date.”

You’ve been with the Alpha program from the very beginning: Tell us about your project?

Before I dive in, here’s a question I like to ask: What is the best way to appreciate the added value of new technology? Try — Use — Iterate. This was my approach for the three Alpha challenges, coming from a market I know so well as a product owner: Corporate Business Insurance.

I created a sidechain powered by OST for different actors in this market, like brokers, insurers and policyholders. I came up with the idea to give incentives between the different actors and use these earned incentives (tokens) to either get a discount (Policyholder) or give an incentive to others so they deliver data in their format of choice (Broker to Insurer).

Circulating value between different actors would be impossible without tokens: The transaction costs would be too high, and we’d need a third-party payment processor.

OST recently published a four-year roadmap for the project: What are you most looking forward to?

By far the future iterations of the Wallet features and the many ways to exchange tokens into USD, cryptocurrencies or other Branded Tokens. I think most companies aren’t looking for complex explanations about private keys: We need understandable ways to use, change and transfer tokens. I think that will be the key to success on top of all the great things OST is working on. OST already proved that their technology is easy to integrate: that box is checked.

About Quote Corporate Insurance Market (CIIS Coin)

The CIIS application will enable organizations in the corporate Insurance market (insurers, policyholders, agency/brokers) to improve efficiency, loyalty and reduced premium for organizations and policyholders providing data quality and timely response by donating the branded token CIIS Read more >

Watch Daan’s Alpha III Video for CIIS Coin: