INSCOIN - The next Blockchain-based Insurance Company First
warm greetings from me Roje1928 I will discuss about the INSCOIN project
For more information, below here,
According to an FBI study the annual cost of insurance fraud is around $ 40 billion. The cost of this insurance fraud increases the average American family about $ 500 in insurance opremi. However, the biggest losses incurred by the company, IT security management and operational losses due to attacks involve huge investment costs. For this insurance reason, the Company started to manage cyber risk with Three Lines of Defense model. Generally, IT and CISO, create the first line of defense, implement and implement information security strategies. Regardless of the proper arrangement of the Three Lines of Defense model, it is imperative that top management levels have cyber risk management oversight. The next problem is the slowness of international banking transactions.
The KNOX Project provides for the creation of the first insurance company that will combine the real world by using digital technology Blockchain, creating the most efficient and advanced structure in the sector, to find solutions to certification and anti-counterfeiting insurance policy issues. extensively in the increasing number of cryptocurrencies, to enable the creation of decentralized and disintermediate new generation services. Blockchain in its public osimplementation solves the fundamental problem of creating trust and network without permission, where participants can consider valid transactions, and therefore possibly related to certification, thanks to the approval mechanisms generated by the incentive system and disincentives among the parties involved. Uncertified document certification is one of Blockchain's most important technological applications, as the certified document in Blockchain is NEVER falsified.
The INSCOIN project intends to use, among the many available, the Ethereum blockchain, which currently presents the largest number of real cases used and the current economic services and transactions in operation. Ethereum makes available, its intrastructure and ERC20 technology, the creation of digital personalized coins from token publishing that allow to support entrepreneurial projects. The sale of a token allows the company to collect the economic resources necessary for the development of a project in which the token itself will play a key role. Tokens in this sense enable new technologies that offer innovative services. The goal of KNOX is achieved, by exploiting blockchain, a decentralized insurance system. Decentralization means the transformation of traditional insurance policies from paper into smart contracts.
As you can understand the introduction of smart contracts is an important step towards a fair relationship between companies and customers. The relationship that supports maximum transparency and it will allow the same company to have a reputation of seriousness never seen before, which is very important since in the insurance sector NAME and REPUTATION are the main factors. INSCOIN tokens are a fundamental part of our project. Through the customer can pay the insurance premium and can access the maximum level of authenticity of the policy, receive it in the form of smart contract. Inscoin is collected by one policy, as soon as received by the company, will be blocked by smart contract for the year period. After this, they will then be released at a quarterly rate of 25% of total Dario received and used to support the increase in turnover of the three companies and ensure a healthy token economy.
At the same time as the beginning of the three insurance companies, once a legal license has been obtained, with the help of funds achieved, an internal exchange platform will be created. This platform will have a fundamental, through which customers can access the purchase of insurance products offered by our structure. Through inscoin policy payments, as shown above, customers will receive not only authenticated policies and standards, but also receive a policy code that will coincide with the smart contract address associated with the policy. Especially the latter serves to provide an indisputable evidence of the origin of the policy. With the issue of smart contract customers and heirs can verify that the policy is protected and can check that it is issued by the Company.
Join INSCOIN token seller Click here : https://my.inscoin.co/register
For Information detail visit link in below :
ANN THREAD : https://bitcointalk.org/index.php?topic=4422850
WEBSITE : https://inscoin.co/
WHITE PAPER : https://inscoin.co/#whitepaper
TELEGRAM : https://t.me/inscoinico
STEEMIT : https://steemit.com/@inscoin
FACEBOOK : https://www.facebook.com/Inscoin-for-Knox-1802470656458272
TWITTER : https://twitter.com/INSCOINforknox
LINKEDIN : https://www.linkedin.com/company/inscoin-holding-ou/
My profile bitcointalk(Rojer1928):https://bitcointalk.org/index.php?action=profile;u=2082292