Let me start by saying that, the introduction of blockchain technology over the decades has been an idea that brings revolution to our world. Many challenges were facing most sectors before the inception of blockchain technology.
To mention but a few, Centralization has caused so many problems. What we have seen in most of our financial institution which ranges from several banks to insurance companies are but few of those challenges.
In the time past, transaction and certification of documents were made in an insurance company manually or in the traditional way which means, it was not the use of digital currencies which has really generated a lot of challenges today.
Problems like the Poor policy, forgery activities, lack of security, and Misunderstanding between customers, brokers, and the company to mention but a few .
These are sensitive issues that should not have happened in an insurance company.
These and many more are what KNOX Platform through the use of smart contract on Ethereum blockchain has come to address.
MECHANISM OF KNOX PLATFORM IN PICTORIAL FROM
The KNOX Project will be the first insurance company with the combination of the real world with digital technology with Blockchain, creating the most efficient and most sophisticated structure in the industry, profiling solutions to certification and counterfeiting insurance policies.
Furthermore, Smart contracts prohibit 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 tremendously improve the management of the company itself.
Below is the major reason I want to prove to you that you should invest in the INSCOIN PROJECT:
BENIFITS TO CUSTOMERS, BROKERS AND INSURANCE COMPANY IN A PICTORIAL FORM BELOW
ADANTAGES
- 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 potentially 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.
-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.
TOKEN DATAIL INFORMATION!
Sales Token.
Ticker : INSC.
Type : ERC20.
Supply : 500'000'000 INSC.
Price : 1 ETH = 5'000 INSC.
Allocation Token :
Token sales = 54%.
WholeSaler Broker = 15%.
Team and Advisors = 10%.
Network Partnership Brokers = 10%.
Reserves for 3 companies = 9%.
Airdrop and Bounty Program = 2%.
Fund Usage :
Setting Insurance Company = 60%.
Platform Development = 20%.
Marketing = 10%.
Reserve fund = 10%.
PRE-ICO.
Payment in Ethereum will be accepted.
Price = 1 ETH = 5,000 Token.
Deadline and Bonus :
Week 1 = + 30% of INSC.
Wekk 2 = + 25% from INSC.
Bonus on tokens purchased.
Range and Bonus :
Minimum 50 ETH = + 15% from INSC.
Minimum 30 ETH = + 10% of INSC.
By way of conclusion,
InsCoin is a great and promising project that wants to bring radical revolution to the insurance industry. Also, the Knox project will be the first insurance company to combine the real world with the digital one using Blockchain technology and will create the most efficient and sophisticated structure in the industry to find lasting solutions to certification and anti-counterfeit insurance policies.
Links for more information
Website: https://www.inscoin.co/
Whitepaper: https://inscoin.co/assets/content/whitepaper_en.pdf
Telegram: https://t.me/inscoinico
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/
Author: Egbunu Emmanuel
Author's bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2233995