Rainvow

blockchain

FOUNDING YEAR: 2016
LOCATION: United States
Last Update: 08/09/2020

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About

You love to walk to work, but when it rains you have to take an uber and rainvow reimburses you, automatically.

MEDICI Analysis

Rainvow is an implementation of the Smart Vow Protocol that acts as an authoritative system for the validation of coverage policy condition  associated with transportation extra costs in rainy days. It is designed to serve the majority of community members (club). It also builds the actuarial model, acts as Vower and maintains an application that serves as a reputable oracle by integrating with The Weather API and the Uber API.

Focus

PRODUCTS & SERVICES

smart contract platform for parametric insurance .

REVENUE MODEL

Creation of a tradable digital asset

PRIMARY PROBLEM SOLVED

Lack of trust in parametric and micro-insurance using a claim automated system. Distribution of index insurance and micro-insurance by generating new participants via Solvency Proofs . Innovation via an open competitive market for underwriters

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

People

FOUNDERS

Marco Montes Neri

INVESTORS:

Plug and Play InsurTech

boostVC

Momentum

FUNDED

YES

TOTAL FUNDING

$25.00

DATE OF LAST FUNDING

Aug 2016

FUNDING SERIES

SERIES A  · $25.00  · Sep 2016

LISTED

NO

Innovation Programs

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Rainvow

About

You love to walk to work, but when it rains you have to take an uber and rainvow reimburses you, automatically.

Focus

PRODUCTS & SERVICES

smart contract platform for parametric insurance .

REVENUE MODEL

Creation of a tradable digital asset

TOP PROBLEM SOLVED

Lack of trust in parametric and micro-insurance using a claim automated system. Distribution of index insurance and micro-insurance by generating new participants via Solvency Proofs . Innovation via an open competitive market for underwriters

PRODUCT DEVELOPMENT STAGE

MVP

PRODUCT DEVELOPMENT COMMENT

initial theory can be found here: http://rainvow.org/paper.pdf

KEY DIFFERENTIATORS

smart contract platform using a digital asset for defensibility to incentivize participation of different actors in a cooperative model.

PRIMARY CUSTOMER TYPE

Enterprise - Others

Consumer

Traction

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

CHANNEL STATUS

NO SALES YET

People

TEAM COMMENT:

weather insurance targeting consumers. Shows the power of new data available to generate revenue streams for Insurers.

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Series A
Sep 2016
USD25.00
at a USD1 Mvaluation
Comment on Series A
Accelerator focused on Blockchain boostVC