InsurChain is started by XLAB Foundation LTD.，a non-profit foundation organization founded in 2018 in Singapore. InsurChain will become the provider of the global blockchain infrastructure for all insurance markets around the world and a blockchain-based insurance ecosystem. On one hand, we will build an enterprise-level blockchain-based platform, on the other hand, we will also build scalable Dapps to support the system. We will leverage blockchain to address the pain point in insurance and improve operating efficiency of the entire industry. InsurChainCoin (INSUR) is the crypto token used in the InsurChain ecosystem. Users can exchange InsurCoin for various functions of InsurChain. Other that, InsurCoin can also be used as an asset in certain transactions on the platform.