INSCOIN-Solutions for Issues of Certification and Counterfeiting of Insurance Policies
Insurance companies collect customers’ money little by little, called Premiums, and pay some money for risk-affected customers (called Claims). Why buy insurance? Because what you buy is protection for the family from financial loss caused by various risks that can befall. This is an important role for INSCOIN.
INSCOIN insurance is one of the oldest industries, and can be considered part of the growth of the modern enterprise that comes to define the global society.
While insurance in the form we are going to recognize today begins with the first insurance contract in 1347, the methods of transfer and distribution of risk in the money economy were observed in China in the third millennium before our era. One thing that has dictated the insurance industry for thousands of years is its ability to adapt its practices to adapt to the changing technological landscape. With written parchment contracts for websites and big data, the industry is changing rapidly.
The chain is the latest tech game changer to enter the picture, and many of them predict that distributed books can have profound consequences on how insurance companies can work. An important question is that the technology of the chain seems to be the tailor for the solution is the fundamental principle of “greater awareness” in insurance contracts. This principle states that each party entering into an insurance contract has a legal obligation to act with a standard of “greater honesty than is normally required in most commercial contracts”. This means that the insurer must have confidence that he is telling the truth to the person who wants to buy insurance. This is different from other contracts,
Applying a chain of blocks to this question would mean that the insurance contract and the consumer’s personal data can be stored in a distributed book, while the consumer controls access to it. The data is stored on the user’s personal device, which can eliminate the need for brokers and other intermediaries who have become intermediaries between insurers and consumers. Not only does the channel promise to reduce costs and efficiency, but it can also help increase revenue as insurers attract new customers through better service.
“Chain” technology can help the wholesale insurance industry more effectively fulfill its role of supporting the global economy. INSCOIN Just as chains are pursued as a force for positive change in other sectors of society – from refugee identification to better public services – it can also help wholesale insurance to fulfill its functions for the good. common.
The KNOX project will be the first insurance company to bring the real world together with digital-channel technology, creating the most efficient and advanced structure in the industry to find a solution to the problem of certifying and counterfeiting insurance policies. ‘insurance. With a smart contract, the spread of false insurance policies is avoided because it is the same system that issues them after receiving the payment. With a smart contract, the company will not be late in collecting loans, since the policy is issued only after receiving the payment. This factor aims for a significant improvement in the management of the company itself. With an intelligent contract in case of accident, a real judge who will decide to pay them is more a company that may be opportunistic, but the chain system that, in the opinion of a completely disinterested person, will decide if this accident is in accordance with the provisions of the policy. This advantage will be the most important because it will increase the transparency of the company vis-à-vis customers.
With a smart contract, the spread of false insurance policies is avoided because it is the same system that issues them after receiving the payment. With a smart contract, the company will not be late in collecting loans, since the policy is issued only after receiving the payment. This factor aims for a significant improvement in the management of the company itself.
INSCOIN With a smart contract in the event of an accident, a real judge who will decide whether it is worth paying them is no longer a company that can have opportunistic behavior, but the system of the chain which, in an opinion totally disinterested individual, will decide if this accident is in accordance with the provisions of the police. This advantage will be the most important because it will increase the transparency of the company face to face customers.
- Ticker: INSC
- Type: erc20
- Total Delivery: 500’000’000 INSC
- Tokens for sale: 270 ‘000’ 000 ISNC
- Exchange rate: 1 high school = 5’000 INSC
- Soft cap: 4,000
- Hardcover: 39 ‘444
Undistributed markers will be burned after the end of the ICO.
- Pre-ICO begins June 23, 2018
- End of the pre-ICO: July 7, 2018
- pre-sale price: 1 INSC = 0.0002
- ICO Price: 1 INSC = 0.0002
- Acceptance: high school
- Soft cover: 4000
- Hardcover: 39444
- Bonus: up to 30%
- ICO begins on July 23, 2018
- End of the ICO: August 23, 2018
For more info on INSCOIN please visit the link below:
- Website : https://www.inscoin.co
- Whitepaper : https://inscoin.co/assets/content/whitepaper_en.pdf
- Linkedin: https://www.linkedin.com/company/inscoin-holding-ou
- Twitter: https://twitter.com/inscoinforknox
- Facebook: https://www.facebook.com/Inscoin-for-Knox-1802470656458272
- Reddit : https://www.reddit.com/r/InsCoin
- Telegram : https://t.me/inscoinico