BLOCKCHAIN SOLUTION FOR INSURANCE PROBLEMS

Hello guys. Today, i will be introducing a project bringing scaling solutions to prevailing problems in the insurance industry via blockchain technology. Firstly, having an overview of the insurance industry and its prevailing problems; Across the insurance line, we have several problems such as insurance fraud, problems of certification, anti-counterfeiting and falsification of insurance policies. Based on statistics, a large amount of money is being looted every year as a result of insurance fraud. what if there was a way this problem of falsification can be solved not just efficiently but with an advanced operation. On this note, i will be introducing a project whose concept solves all problem of falsification of insurance policy.

INSCOIN FOR KNOX
This project aims to establish the first insurance company that will solve the problem of falsification of insurance policies with the help of the blockchain. Knox project creates the most efficient and sophisticated structure in the sector, to find solutions to the problems of certification and anti-counterfeiting insurance policies. Knox plans to establish insurance companies in Lisbon, Dubai and the Bermuda Islands, in order to enable Knox's insurance to operate in a variety of laws and enable token economies on a global scale.

See introduction video:

How it works
The spread of false insurance policies is avoided via the smart contract because it is the same system that issues them after receiving the payment.On the smart contract the company won't have delay in collecting credits,as the policy is issued only after receiving the payment.

Also, in the event of accidents the real judge who will decide whether or not to pay them is no longer the company, which could have an opportunistic behavior, but the blockchain system will decide if this accident is compliant with the provisions in the policy.

This factor is one major benefit which will be the most important as it will increase the transparency of the company towards customers. Using the blockchain will increase a reputation of behavioral seriousness and fair.
The certification of the authenticity of the policies will be carried out partly on the internal platform of Knox Insurance and partly on Ethereum blockchain. At the end of the certification process, will be issued a smart contract that combines the authenticity and coverage of the policy while respecting the privacy rights of the contracting parties.

The main functions of this platform are:

Create individual profiles for brokers with their personal wallets.
Possibility for brokers to create for all their clients their primary profile, in combination with identification code and corresponding wallet.
Ability for each personal customer to create their own profile, with relative Inscoin wallet. Download all policy functions for evaluation and quotes.
Buy a policy, the Intelligent Contract address, where you can verify the authenticity.

In the Knox platform, INSC token will be used as a form of payment and other operations on the platform. Information about the Token sale date and details will be discussed below.

About Token sale and distribution