GRE IS HERE TO PROVIDE STRATEGIES IN RISK MANAGEMENT USING BLOCKCHA...

In the world of finance, risk management refers to the practice of identifying potential risks in advance, analyzing them and taking precautionary steps to reduce the risk.

When an individual/ organization makes an investment decision, it exposes itself to a number of financial risks which can have a positive or negative effect on the project’s goals. And when the risk has a negative effect on the project it leads to decrease or loss in profit.

One thing an individual or investor has to know is that, there is no investment that is not associated with risk, but when the risk in an investment has been identified and precautionary measures has been taken to avoid or limit such risk, there will be a positive impact of the risk on that particular investment or the rate of profit loss that would have been made will be decreased .

Also in managing risk, one has to understand the risk involved, analyse the risk very well and then address the risk in order to achieve the investment goal, because effectively managed risk helps to minimize their threat and maximize their potentials.

Furthermore, there are some challenges faced in risk management which are;

Lack of risk decision making structure and accountability for risk decisions in an organization ; Every business has a risk associated with it bt when the risk decisions are made by people who are not supposed to make the decisions for the organization, it becomes a problem to the organization.
User Privacy Protection; in an organisation , large number of personal information, including ID cards and other sensitive private informations are centrally stored in the insurance company's database, and here is a relatively large risk of information leakage and insider illegal use.

All these risk management problems brought about the project known as Global Risk Management that came up with the solution to solve the problems and challenges faced in risk management using blockchain technology by;

Securing the Personal identification and property information by safely storing it on blockchain, and ownership of sensitive information is entirely in the hands of the user. The only way to view personal information will be through a smart contract of identification, and only those with private keys can authorize others to view their decrypted personal information.
Blockchain based GRE platform will transform the essence of risk management transactions into a trading market where risk sellers and risk takers can trasact directly using blockchain technology.

ABOUT GLOBAL RISK EXCHANGE ( "GRE")

GREY is a blockchain based, decentralized global risk contract market and public chain, with the purpose of helping individuals, companies and organizations to freely hedge, transfer and trade their risks.

ABOUT GREY TOKEN

Grey produce a utility token known as RISK token which is used in the Grey platform as transaction intermediary, an Ethereum smart contract based and ERC20 standard compliant token. RISK token can be acquired using BTC or ETH and other crypto currencies. RISK token can be used for:

As transaction intermediary and all risk contract claim distribution will use RISK for settlement;
RISK tokens will be used to pay for transactions fees by the users in GREY platform.
RISK tokens will be used to reward any institution and individuals who could publish risk management contracts using the GREY platform
GRE community will reward developers with RISK tokens in light of their code contributions.
Any individuals and institutions can share risk mangement contracts in their social networks and attract more users to trade those contracts. And they will be rewarded a portion of new transaction fees derived from those newly traded contracts;
GRE platform allows exchange dealers use RISK tokens as collaterals to issue market pegged stable coins; similar to BITCNY and BITUSD on Bitshares platform

FEATURES THAT MADE GREY VERY OUTSTANDING

High performance; GRE could reach an average of 1.5 second block confirmation time and 100,000 transactions per second(TPS).
All platform; Grey supports not only PC and mobile, but also API and SDK to meet the needs of different types of users.
High Efficiency; GRE improved the efficiency of all parts in traditional insurance value chain through Oracle and API and reduced the intermediary cost at the same time.
Individualized; Grey customize risk contracts to suit their individual needs, and also trade risks in derivatives market, which will further increase their risk management capability.

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