fidentiaX: The Tradable Insurance Marketplace on Blockchain
Series
Harvard Business Review Case Studies
Type
case study
Date Issued
2019-05-01
Author(s)
Abstract (De)
Three years ago, Alvin Ang and his partner founded fidentiaX in Singapore, with the ambition to create the world’s first marketplace for tradable insurance policies on blockchain. With a 26-page white paper, the start-up closed a successful fundraising round through an ICO (initial coin offering). Three years later, however, the company still had not completed the infrastructure for the insurance trading platform. Besides the rapidly dwindling funds, fidentiaX had to fight with a tardy development team, uncooperative incumbent insurers, and begrudging investors. The case provides an overview of the blockchain industry and insights into the secondary life insurance market. Through the case, students will assess the company’s business strategies and learn about typical challenges faced by technology start-ups.
Language
English
HSG Classification
contribution to education
Publisher
Harvard Business School Publishing
Publisher place
Boston, MA
Subject(s)
Division(s)
Eprints ID
258250