BAMBOO - Insurance for Everyone
STARTER INFORMATION
With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, BAMBOO, a suite of products and services addressing the needs of its stakeholders in a wide range of sectors such as healthcare, agriculture and insurance has arrived.
"Blockchain is a very powerful tool for everyone in the food production system, from the producers of animal and plant nutrition and supplements through to the end consumer. Research has indicated that the food traceability market will be worth $14 billion by next year and the food-related blockchain companies are growing quickly. It brings visibility, as information is shared and replicated simultaneously, increasing trust, accountability and transparency. It will alter how the agriculture industry functions within itself, as well as with customers, and will support us in feeding 9 billion people.
There are, of course, challenges. As with any innovative technology, there are implementation costs, and standards are still evolving. Some overarching authority is necessary to ensure that trust in the system is warranted. Managing the change process will take work. And, as with any supply chain process, the best results come when all of the participants are involved. If we work together to overcome these challenges, we will be able to realize the full benefits of blockchain for food safety and traceability, and the potential it has to improve the transparency and reliability of the food chain, to improve market access and reduce food waste."
With that being said, BAMBOO aims to provide mankind with free and borderless insurance through blockchain, AI, and machine learning technologies. BAMBOO intends to bridge the gap in the healthcare industry, leading to more out-of-pocket costs for the consumer, pressure on government welfare systems, and increasing inefficiencies in legacy systems.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is BAMBOO?
As depicted earlier and as indicated on the official website of BAMBOO, BAMBOO is a suite of products and services addressing the needs of its stakeholders in a wide range of sectors such as healthcare, agriculture and insurance. The entire range consists of numerous applications such as the Health monitoring app, the Insurance protection app, and the Agriculture app along with the backend application for data analytics and data visualisation.
The Outlined Goals
Bamboo want to build a healthcare ecosystem where people can prevent themselves from diseases rather than curing.
Bamboo want to build a platform that will empower consumers with knowledge on how to live healthy and enjoy some incentives
To build an ecosystem where consumer products will create an impact on everybody.
About BAMBOO Ecosystem
In addition, the bamboo ecosystem shows constant engagement between the insurer and the policyholder from which both parties benefit through the sharing of ideas for the betterment of society. Eventually, Bamboo will reduce the health protection gap and increase protection coverage throughout the community. Insurance plays a huge role in closing the protection gap by providing financial resources in instances of unexpected medical expenses and building a foundation of resilience.
The bamboo platform offers several merits like eliminating falsehoods, managing the rising cost of healthcare, preventing disease, getting rid of unethical food and drink labels and empowering consumers to take back control of their health. The platform focuses on the early diagnosis and effective treatment of chronic illnesses such as diabetes and hypertension.
The bamboo ecosystem focuses on these factors:
Enabling alternative and cheap insurance accessibility methods.
Improving accessibility of data, reliability, and transparency using blockchain-based immutable databases. The local insurers are then able to create highly flexible and affordable insurance policies based on very high-quality data.
Getting rid of legacy structures that have been barriers to delivery of smart healthcare and instead of replacing them with up-to-date technological solutions that utilize top-notch technologies including IoT and blockchain.
WHY YOU SHOULD CHOOSE BAMBOO?
It operates a network of partners and specialists who contribute to the sharing of resources and lead to the provision of holistic and affordable insurance products, provision of wellness awareness and healthy food. Working with a multi-layer of stakeholders within the ecosystem using a tokenization platform allows these contributing specialists to offer their services and products at a lower cost enabling better market distribution.
Survey has shown that newer generation consumers trust technological advancement and therefore Bamboo is using blockchain technology that offers the necessary agility and transparency that is vital in the insurance business.
Bamboo provides quality and appeal of the insurance product to the market based on quality and affordability through adapting digital technology and running a trustworthy system.
About The BBO Token
BBO is a native token issued by them to be used on the Bamboo platform, where this token will act as the main currency "tool" for various transaction processes found on their platform, for example, such as paying for services contained on their platform. This token will use Blockchain technology, that Ethereum smart contracts (ERC-20) where it meets various criteria needed for various transaction processes that available on their platforms. The holders also get a variety of benefits when holding this token such as getting discounts when shopping at the retail shop in the ecosystem, discounts on payment for services or goods in the ecosystem and also get dividends from the profits earned by this platform.
Token Details
Token Name: Bamboo
Token Symbol: BBO
Platform: Ethereum
Total BBO Supply : 1 BILLION
Soft Cap : $2 M
Hard Cap : $10 M
Accepted Currency : Bitcoin, Ethereum, USD and other top Regional Currencies
Tokenomics
The BBO Token will be based on ERC-20 and there are some details you need to know, the total supply is 1,000,000,000 BBO and the price range is around $ 0.04 - $ 0.20 (Depending on phase) with Softcap around $ 2,000,000 and a Hardcap of $ 10,000,000 which is very reasonable to start initial development and various partnerships. For the distribution of tokens and the allocation of funds you can see below.
Token and Fund Allocation
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: http://tokensale.thebamboo.io/
WhitePaper: http://tokensale.thebamboo.io/
ANN Thread: https://bitcointalk.org/index.php?topic=5171420.msg52032907#msg52032907
YouTube: https://www.youtube.com/channel/UCRwiPq3T0ekHQ-8LlsR0kWg/featured
LinkedIn: https://www.linkedin.com/company/thebamboo/
Instagram: https://www.instagram.com/thebamboo.io//@thebamboo
Twitter: https://twitter.com/_thebamboo_io
Facebook: https://www.facebook.com/thebamboo.io/
Telegram: https://t.me/thebambooio
Author: Cryptoholical
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.