Bamboo - Insurance for Everyone
Healthy life style is a buzz word in developed countries, where people are trying to achieve better health and life style through more activities and better diet. One can witness increasing number of recreational activities in the cities, like running events, biking events and similar. While these events are very popular, and number of participants is increasing on a yearly level, it should be noted that a lot of people is training hard to improve their results and achieve better score, which can be unhealthy. Living in a modern city is usually connected to working long hours and having to commute to work, which leaves time for training and exercise in the evening, which is not particularly healthy, especially for long runs or other highly intensive trainings, due to cortisol and melatonin level balance.
Blockchain and big data technics provide a chance for health and insurance companies to be able to analyse data collected from individual users and to adjust their policies in accordance with their activity and fitness level. Of course, users must agree for their data to be shared, but this is on mutual benefits for active policy users, that want to find a way to decrease their policy payments.
Bamboo is a solution that is providing similar service for ASEAN users. ASEAN is a union of Southeast Asian nations (Myanmar, Vietnam, Laos, Thailand, Cambodia, Malaysia, Brunei, Indonesia, Singapore, Philippines and Papua New Guinea), with aim to provide better life conditions in participating countries. Bamboo aims to improve wellbeing index of the region through provision of free or low insurance premiums for all users, reduction of the cost for fresh and nutritive food, that is healthy and free from chemicals and pesticides and token rewards to incentivize healthy living, which will motivate users to improve their health. Through all these actions, Bamboo will enable policyholders to achieve lower or free insurance premiums with improvement of wellbeing index in the meantime, as well as to provide wellness monitoring tools and reduce food frauds through innovative agrotech applications.
Bamboo Blockchain and Analytics Competency Center is a complete solution for accurate predictive trends and recommendations for stakeholders, based on trend analysis and usage of emerging and big data technologies. Internet of Things is part of solution and Bamboo center has over twenty-five partners in ecosystem, with more than 2 million users. Supported devices and technologies include branded wearables, smartphone sensors, independent wearables that provide daily statistics regarding user activity, such as number of steps, activity level and type, distance and elevation, sleep duration.
Bamboo is having a planned STO, with total supply of 1 billion tokens and 500 million reserved for sale in three phases, 250 million in phase I, 150 million in phase II and 100 million in phase III. Soft cap is set on 2 million USD, and hard cap is 10 million USD, with complete insurance regarding fraud and embezzlement, passive income on a level of 15% from annual profit and 5% bonus from the accumulated profit from the first five years of operation. Bamboo v1 ecosystem launch is planned for June 2020.
From the above, it can be concluded that idea is good, and viable, and after successful STO and reached soft cap, this project could be very good investment.
Website: https://tokensale.thebamboo.io
ANN thread: https://bitcointalk.org/index.php?topic=5171420.msg52032907#msg52032907
Telegram: https://t.me/thebambooio
Author: https://bitcointalk.org/index.php?action=profile;u=1573369