Introduction
About Insurance
In the recent time everyone wants to make money very fast. People run behind the money. When they rush behind any work they ignore their health problems at that time the savings or insurance arr necessary to tackle the worst situations. The term insurance includes all kinds of insurance such as property, accidental insurance, health, retirement plans etc. For insurance cover, the companies charged a premium which you have to pay monthly or yearly. The insurance is important for everyone for any uncertain event which may be happening in the future.
The insurance companies provide the covers for risk management. Because of globalization, technological advancement and new research and innovations all sector have been transforming themselves. The expectation and demands of the customers are will be increased day by day. To be with this change, competition, and to face the new challenges insurance sector also convert itself to higher technology.
Therefore the insurance companies will meet the customers’ expectations and provide better advance products by concentrating on profitability, turnover, and challenges in the front of the industry. It means the insurance industry covers the risk of an insured person when there is an uncertainty happen and when the person is in a trouble of money.
Moreover with the introduction of AI and blockchain, the insurance industry will transform tremendously. The blockchain and AI technology will not only help to make them better but it also facilitates the reliable experience, transparency, automation, cost savings etc. Before some years we have to go through the brokers, agents, to the insurer and we have to pay more money for an insurance claim. Therefore, now I am going to explain you about one project called “VERNAM” which banishes the arbitrators from the insurance system and introduce with future of insurance.
Overview Of Vernam
The Vernam platform mainly concentrated on the crypto insurance which will transform the insurance industry. The platform will decrease the costs of insurance services by implementing blockchain technological solutions. The platform will also revolutionize the insurance industry by digitizing the process of insurance.
Website: https://www.vernam.com/
The platform Vernam platform is based on blockchain technology which is secured and protected because of it there is no any interference of any unauthorized parties. The platform will create a market for an insurance product from several companies which are using blockchain technology.
The Vernam platform startlingly targets Europe for all aims and objectives. The customers can buy the standard insurance and receives the rewards which are in form of VRN tokens which is as same as the broker’s commission. The platform will serve the customers from all over the world. The platform technology itself designs a smart contract registry for insurance to interlink the several laws of the countries.
The platform Vernam will introduce another attracting product which is called as Crypto Safe which safeguards VRN token, gives a reliable review and innovate the process with the insurance policies. The platform will develop a network which includes the insurance agents and brokers from several countries. The platform aims to develop a trusted platform by linking the insurance agents and brokers and meets the future of insurance.
Milestones
Future Plan
March 2018 --- Launching the token sale
Quarter 3,2018 --- Listing on a crypto exchange
Quarter 4,2018 --- Launching and testing the platform
Quarter2,2019 --- Entering into the first smart contract and launching a mobile app
2020 --- Entering the European market
Features Of Vernam
The platform Vernam will provide innovative features which are as follows:
1.Zero Commission Services
The platform Vernam will banish the middlemen’s from the insurance industry which charge the commissions, therefore, the services will be free from commission charges.
2.Improve The Security And Transparency
The platform will provide a transparent and reliable process to protect the fund that will maximize trust of the customer and it will also banish arbitrators.
3.Lower Insurance Premium
The platform using blockchain will decrease the insurance premium, which can save the data and records of the customers or clients insurance which will be useful for risk evaluation.
4.Public-Private Section
The platform will facilitate two sections which are public and private sections in which private section allows to purchase the insurance products via smart contract to its clients.
Vernam Tokens
Vernam platform expect to distribute about 1 million VRN tokens to its shareholders and it will allocate as follows:
50% --- distributed through public token sales
20% ---- reserved in the Cryptosafe insurance fund
15% --- allocated to founders and team
7% --- allocated among advisors and the ambassadors
Remaining 3% --- distributed through the bounty programs
Bonus
The Team
Stay Tuned For More Updates....Thank you....!!!!
For more information, please visit:
Website: https://www.vernam.com/
Whitepaper: https://www.vernam.com/assets/uploads/Whitepaper_Beta_v015.pdf
Telegram: https://t.me/vernam
Facebook: https://www.facebook.com/vernamofficial/
Twitter: https://twitter.com/vernamofficial
LinkedIn: https://www.linkedin.com/company/vernam/
Youtube: https://www.youtube.com/channel/UCA8UEt0D3dxJbt945F__A9w
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