INSCOIN - The First Blockchain based insurance Company

in #blockchain6 years ago (edited)

  The KNOX project will be the first insurer that will link the real world to digital using Blockchain technology, creating the most efficient and advanced structure in the industry, to find a solution to the problem of certification and anti-counterfeit insurance policies. With the smart contract, the spread of fake insurance policies is avoided because it is the same system that issues them after receiving payment. With the smart contract, the company will have no delay in collecting credits, since the policy is issued only after receiving payment. This factor aims to significantly improve the management of the company itself. With the smart contract in case of accidents, the real judge who will decide whether or not to pay them is no longer the company, which could have opportunistic behavior, but the blockchain system that, totally uninterested in human opinion, decide whether this accident is in accordance with the provisions of the policy. This benefit will be the most important as it will increase the transparency of the company towards the customers.  

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  Knox Insurance, and partly - Blockchain Ethereum, part of Knox's insurance and partly on an internal platform. Upon completion of the certification process, a smart contract will be issued that combines the authenticity and scope of the policy while respecting the right to privacy of the contracting party. With the help of a platform developed by KNOX, the insurance policy will evolve into a fully automated and prevent possible conflict between the parties involved. Insurance companies will be established in Lisbon, Bermuda and Dubai and will work according to the world scale. Appropriate licenses will be obtained from the authorities of three states, allowing for insurance. In early winter 2018, an internal platform will be introduced, allowing clients to access their policies through smart contracts. The project team has done a remarkable job in 2017. That is: in May, a business plan for legal consultation was drawn up, in which 150,000 euros were invested, and the partnership was formed with over 300 insurance brokers ready to work with the company.  

The first project in the real world and the digital world!   

The KNOX Project will be the first insurance company to combine the real world with digital technology with Blockchain, creating the most efficient and advanced structure in the industry, to find solutions to certification and counterfeiting insurance policies.Smart contracts avoid spreading fake insurance policies because it is the same system that issues them upon receipt of payment. With smart contracts, the company is not delayed in collecting credits because the policy is only issued after payment is received. This factor is intended to significantly improve the management of the company itself.    

 Five good reasons why you should consider investing in InsCoin :   

1. Customized.  

Blockchain fits perfectly with the world of insurance.   Block Chain in public implementation solves the underlying problem of creating less trust and permission-less networks, in which the participants of the transaction can be considered legitimate, and therefore potential related certification, with permission mechanisms generated by incentive systems and negative incentives between the parties involved.   Uncertified document certification is one of the most important applications of Blockchain Technology, as certified documents in Blockchain NEVER be falsified.   Smart contracts avoid spreading fake insurance policies because it is the same system that issues them upon receipt of payment. With smart contracts, the company is not delayed in collecting credits because the policy is only issued after payment is received. This factor is intended to significantly improve the management of the company itself.   With a smart contract for accidents, the actual judge who decides whether or not to pay is no longer a company that can have opportunistic behavior, but the blockchain system will decide whether the accident meets the terms of the policy.   This benefit will be the most important because it increases the company's transparency to customers.     

 2. A smarter way to change the insurance sector.   

Many crypto-projects have been trying to disrupt the insurance industry, from a decentralized perspective that will not be able to operate in the real world without being dependent on real companies.   In inscoin for knox we want to do something different, we are big fans of decentralized platforms, in fact we will rely on Ethereum network for the deployment of our smart contract but behind our symbolic insocsa will be formed from 1 to 3 companies based on the number of ETH collected , remember that companies in the real world need a security fund of several million dollars to be legally regulated, with offices in the Bermuda Islands, Dubai and Portugal.   We have studied this phase in detail thanks to our previous experience in the insurance industry and we have developed a certified business plan, which you can learn at the following links.   

 3. The Defletion property plan killer token inscoin.    

Token info   

Token - INSC 

Platform - Ethereum 

Type - ERC20 

PreICO 

price - 1 INSC = 0.0002 ETH 

Price in ICO - 1 INSC = 0.0002 ETH 

Pre-ICO starts - June 23, 2018 

Pre-ICO ends - July 7, 2018   

Bonus - Available   

Investment info   

Min. investment0.1 ETH 

Accepting - ETH 

Distributed in ICO - 54 % 

Soft cap - 4,000 ETH 

Hard cap - 39,444 ETH   

Tokens for sale - 270,000,000 

Unallocated tokens will be burned after the end of the ICO. 

                                           Team

 For More Information Visit :  

Website: https://www.inscoin.co/ 

Whitepaper: https://inscoin.co/documents/Whitepaper-EN.pdf 

Telegram: https://t.me/inscoinico 

Linkedin: https://www.linkedin.com/company/inscoin-holding-ou/ 

Twitter: https://twitter.com/inscoinforknox 

Reddit: https://www.reddit.com/r/InsCoin/  

Facebook: https://www.facebook.com/Inscoin-for-Knox-1802470656458272/ 

Author details 

Bitcointalkprofile url : https://bitcointalk.org/index.php?action=profile;u=1302353 

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