Introduction

Insurance is a very common term. Almost every-day all of us come around this term.We can hear our parents talking about insurance, also the television and the newspapers are flooded with various advertisements from insurance companies. So insurance is basically an arrangement that guarantees and provides protection against any specified loss. There are many insurance companies that provide insurance of different things we own, like cars, house, and even our lives. Insurance companies set up different policies on the basis of the rules and regulations of the particular country that provides best and safe insurance to people. Insurance is a force to reckon with for us and our loved ones. Insurance is a way of securing the future of our people, in case we don't happen to be around. Though insurance is a very important thing all over the world, there are few troubles to it. Government rules are not very stable and keep on swinging every now and then, according to the country's benefit. But these little nuances can bring huge shortcomings for the insurance companies, That are very risky for the number of policyholders and leads to huge monetary losses. Also, it is a downfall for the company's reputation that can't be easily rebuilt. This is the reason why low-income people and low-level businessmen do not trust the insurance policies and always fear to invest in them.

In today's competitive age, the one who provides the best services rules the business world. INSCOIN for KNOX is the first ever insurance company that amalgamate the digital world and the real one by using blockchain and smart contracts. It is a brand new platform giving the most advanced solutions to the shortcomings of the classical insurance companies. The platform will provide full transparency to the users by issuing the policies in both the paper form and in the form of smart contracts, leaving no voids for fraud, forgery, or certification problems. Different companies will be launched in various locations depending on the rules and token will help in providing innovative services. This platform will surely be a game-changer for the insurance industry and will be beneficial for customers, brokers and for the company itself. This entire project aims at providing complete transparency, security, and privacy for its users. This is a developing project and will soon be under use. The website is easy to navigate and contains a lot of information about the project. This platform will maintain a good faith among the people by speeding up the credit collection and provide fair profits.

Conclusion

I don't really know much about insurance and insurance companies but I totally understand that it is a very important mechanism that makes our lives risk free. It is like a ritual that has to be done at any cost, but classical insurance companies require a lot of expenditure and cannot be afforded by a man with a low pay. INSCOIN is a blessing to these people. It is totally affordable and secure platform. It might ask for the information during the subscription but will never leak it to surroundings. Such a brilliant platform can obviously not be developed by a bunch of rookies. The hard work of an extremely talented people and the highly qualified advisors brings out the development of such platform. The way it helps the human resources and secures the life of the people is surely unbeatable. Though this project is still in the development process once it gets on the ground, it will give a very tough competition to all the companies in the insurance industry.

Website - https://inscoin.co/

Whitepaper - https://inscoin.co/#whitepaper

ANN - https://bitcointalk.org/index.php?topic=4422850

Telegram - https://t.me/inscoinico

Published by - dannywhelan

Btalk profile - https://bitcointalk.org/index.php?action=profile;u=1606458