FidentiaX-Foundation and Establishment

FedX

FedX leading the globe around.
So through this post of mine i will share the information regarding the foubdation and establishment of the FedX.
How and when it founded.
I hope you like the post and information.

FIidentiaX-A worldwide social platform for the exchange.
It covers the exchange of the Insurance Policy.
As in the present day cases of uncertain deaths have rised upto a very high extent.People are facing health problems at every level of life.
Some people die due to the diseases and some due to the other accidents.As it is said that death can strike anywhere and anytime.So the people are insuring themself so that they can left behind some money for their children.
So that they can live a happy life and can use the money for thei betterment.So due to this the companies of Insurances have made a huge growth in the market.And many or you can say that most are fooling the people by not giving them the correct amount.
So this led to the innovation of FidentiaX.

And the innovation has been most successful though.People holding the insurance policies are joining hands with the FedX.
So lets see what were the main reasons behind this.

WHY IT WAS ESTABLISHED?

Following were the main reasons behind the establishment of the FedX.
The main reason was to stop the fraud from the insurance companies.

It is the company which is helping the people around owning a Insurance policy.These will provide you with the best and the first marketplace for trading of your policy.
It is the best platform available around the globe.
fidentiaX is the world’s first marketplace for tradable
insurance policies.
The vision of the team is to create a trading marketplace and repository of insurance policies for the masses by leveraging blockchain technology.
This blockchain-powered marketplace will provide
a trustless, immutable, auditable and transparent
environment to disrupt the status quo.
fidentiaX Open Source Foundation (FOSF) will be setup
with the mission of proliferating the adaptation of
blockchain technology in the Insurance Industry.

FOUNDATION AND ESTABLISHMENT

Here is all about the foundation-

The foundation and the Establishment of the fidentiaX Open Source Foundation (FOSF)

Insurance companies were fooling the peoples around and will keep on doing the same.
So to avoid this the foundation of the FedX took place.

The insurance industry, in its current oligopolistic state, will consistently seek to undertake innovation and transparency in a commercially self-beneficial manner.

With its legacy systems, antiquated business models and its undying focus on cross-cannibalizing each other’s market share to increase shareholder value, we believe that altruistic technology changes can only materialize if they are built on an open framework.

The establishment of the fidentiaX Open Source Foundation (FOSF) will be a framework that is built by the community, to serve the community.

The FOSF provides an established framework for intellectual property and financial contributions that simultaneously limits potential legal exposure for our project committers.

The FOSF’s seeks to create an equal opportunity community of contributors from both developers and industry contributors to successfully collaborate to develop freely available enterprise-grade insurance blockchain solutions, benefiting millions of users and insurers worldwide. Its core focus is to develop, proliferate and promote an open-source blockchain architecture that is not owned by any traditional large insurance institution or blockchain development firms.

The funding derived for the FOSF will support, elect and facilitate a panel of non-partisan cross functional industry experts to drive meaningful technological contributions and to engage like-minded contributors to become FOSF members.

The members will periodically elect a Board of Directors to manage the organizational affairs of the Foundation which will adhere to the FOSF by-laws. The Board will, in turn,appoint a number of officers to oversee its day-to-day operations with the public records of the Foundation
made available to the community on the blockchain.

We envision a future where all stakeholders of the
insurance industry use the solutions distributed under the FOSF free-to-use license; and the community
actively participates in FOSF activities, mentoring initiatives and development conferences.

More information will be made available in the midddle of 2018.That is till august it will be available.