The INSCOIN platform is creating KNOX project which will be the first insurance company using blockchain technology in the online digital ecosystem of the cryptocurrency industry. This platform is using blockchain technology to merge the real world with the digital world. This platform is creating the most efficient as well as advanced structure in the insurance sector for certification as well as anti-forgery of insurance policies. This platform will start the three insurance companies when they will obtain legal licenses with the help of the fund that they raised in the ICO event. We can know more about this platform form their whitepaper which is already released for the public interest. The Whitepaper link of the INSCOIN platform is https://inscoin.co/documents/Whitepaper-EN.pdf. We also can visit this platform’s website to their recent activities about the ICO event and many more. The website link of the INSCOIN is https://inscoin.co/.
The challenges solution by the INSCOIN platform:
The INSCOIN is the insurance policy based platform powered by the blockchain technology. They planned this platform in the KNOX project of insurance company. They are the first platform in the online digital ecosystem of the cryptocurrency who implemented blockchain technology in the insurance policy platform. This platform is merging the real world with the digital one using digital world by using blockchain technology. This platform is creating the most efficient and advanced structure in the insurance sector by finding a solution to the problem of certification as well as anti-forgery of insurance policies. This platform is giving solution of insurance industry challenges. The solution of this platform is given below:
This platform is solving all problems that are facing by the insurance industry. The annual cost of insurance fraud is approximately $ 40 billion according to an FBI study. An American family approximately is facing cost for fraud average approximately $ 500 in insurance premiums. On the other hand, the lack of management of IT security and operational losses is occurring biggest losses for the companies by resulting from attacks involve huge investment costs. For this purpose the companies are managing cyber risk by three lines of defense model such as IT and the CISO defense (which is implementing as well as executing the information security strategy), The CRO defense (which assesses the adequacy of internal solution and their alignment) internal audit defense (which assessment of the adequacy of the cyber risk management with regularly requirement). The top level of management has over sight of cyber risk management for regardless of the exact setup of the Three Lines of defense model. The existing system is also facing the slowness of international banking transactions.
The INSCOIN platform’s KNOX project is establishing the first decentralized insurance company which will merge the real world with the digital by using blockchain technology. This platform is finding a solution to the problem of certification as well as anti-forgery of insurance policies by creating the most efficient as well as advanced structure in the insurance sector. The blockchain technology of this platform is creating decentralized as well as disinter-mediate new generation services. This platform is solving the problems of insurance company by creating a trustless as well as permission-less network with the help of the blockchain technology. The blockchain technology is ensuring the valid transaction and it also making possible related certification by the system of incentives as well as disincentives among the parties involved. The blockchain technology of this platform is providing non-falsifiable certification of documents as a certified document in the blockchain which can never be falsified. The INSCOIN platform is implementing the Ethereum blockchain which can present the largest number of real used cased and economy of services as well as transaction currently in operation. This platform is crating digital private coins to support an entrepreneurial project by suing Ethereum infrastructure as well as ERC20 technology. This platform was built in the aim to exploit the blockchain as a decentralization of the whole insurance system. This platform is transforming traditional insurance policies from paper into the smart contract technology by the decentralization. This platform will avoid the false insurance policies with the smart contract. The company can collect credit without any delay by the smart contract as the policy is issued only after receiving the payment. This platform is providing full transparency between the company and the customer. The transparency will allow the same company to have a reputation of behavioral serious never seen before which is very important in the insurance sector. The website link of the INSCOIN is https://inscoin.co/.
The executive team of the INSCOIN platform:
We can trust this platform for insurance. We should purchase INSC token to join this platform and become beneficial.
Visit below links of the INSCOIN platform:
• Company Website: https://inscoin.co/
• Twitter Pages: https://twitter.com/InsCoinforKnox
• Facebook Page Link: https://www.facebook.com/INSCoinforKnox/
• Telegram Group: https://t.me/InsCoinICO_announcements
• Youtube Channel Link: https://www.youtube.com/channel/UCeYb1urpmhALHv_0lm6ZI8w
• Linkedin Profile Link: https://www.linkedin.com/company/inscoin-holding-ou/
• Reddit Profile Link: https://www.reddit.com/r/InsCoin/
• Steemit Blog Link: https://steemit.com/@inscoin
• Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=4422850
• Whitepaper Link: https://inscoin.co/#whitepaper
• BitcoinTalk User Name: sobuj740
• BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1296243