MIT Enterprise Forum Pan Arab
alumni directory

Addenda

Addenda

Fintech

United Arab Emirates

Still operating

Competition

Competition

Track

Track

Rank

Rank

Arab Startup Competition 2019

Ideas Track

1st Runner Up

Hub71 MENA Growth Competition 2019

Finalist




Competition

Arab Startup Competition 2019: Ideas Track - 1st Runner Up

Hub71 MENA Growth Competition 2019 - Finalist

Description

Addenda is an insurtech startup which utilizes the blockchain to share life insurance data among a consortium of insurance providers. Addenda’s prototype acts as a screening tool to ‘identify risk’ for new life insurance applicants.
The interface uses blockchain technology to anonymously and transparently access historical data on an applicant’s policy usage across a network of insurance providers. By using a common ledger, insurers will be able to minimize the uncertainty of whether an applicant may pose a risk.
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Team members

Walid Daniel Dib / Co-founder and project lead of Addenda
Karim Davis Dib / Co-founder and business lead
Harsh Ajmera / Tech lead

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