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  • May 2019 (Revised May 2020)
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fidentiaX: The Tradable Insurance Marketplace on Blockchain

By: Alexander Braun, Lauren H. Cohen and Jiahua Xu
  • Format:Print
  • | Language:English
  • | Pages:19
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Abstract

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 initial coin offering (ICO). 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.

Keywords

Blockchain; Insurance; Corporate Entrepreneurship; Technology Adoption; Business Strategy; Insurance Industry; Technology Industry; Singapore

Citation

Braun, Alexander, Lauren H. Cohen, and Jiahua Xu. "fidentiaX: The Tradable Insurance Marketplace on Blockchain." Harvard Business School Case 219-116, May 2019. (Revised May 2020.)
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About The Author

Lauren H. Cohen

Finance
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Related Work

    • May 2020
    • Faculty Research

    fidentiaX: The Tradable Insurance Marketplace on Blockchain

    By: Alexander Braun, Lauren H. Cohen and Jiahua Xu
    • May 2019 (Revised May 2020)
    • Faculty Research

    fidentiaX: The Tradable Insurance Marketplace on Blockchain

    By: Alexander Braun, Lauren H. Cohen and Jiahua Xu
Related Work
  • fidentiaX: The Tradable Insurance Marketplace on Blockchain By: Alexander Braun, Lauren H. Cohen and Jiahua Xu
  • fidentiaX: The Tradable Insurance Marketplace on Blockchain By: Alexander Braun, Lauren H. Cohen and Jiahua Xu
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