Kind regards wandy92 this time I will discuss a technology of Blockchain Based Insurance First
OVERVIEW OF INSCOIN REAL PROJECT DESIGNS
The INSCOIN project aims to upgrade the insurance sector developed with the blockchain system, with basic Ethereum blockchain, which currently presents the largest number of real cases used and the current economic and transaction services in operation. Ethereum makes available, its intrastucture use and ERC20 technology,
creation of digital personal coins from controlled publishing (tokens) that allow for
supporting entrepreneurial projects. Sales of tokens allow companies to
collecting the economic resources needed for development projects where the token itself will play a key role. Tokens in this sense enable new technologies that offer innovative services.
Blockchain technology, creating the most efficient and sophisticated structure in the sector, to find solutions to certification and anti-counterfeiting insurance policy issues. With smart contracts, the spread of fake insurance policies is avoided because it is the same system that issues them upon receipt of payment. With smart contracts, the company will not have any delay in collecting credits, since the policy is issued only after receiving payment. This factor aims to improve the company's management significantly. With a smart contract in the event of an accident, the actual judge who will decide whether or not to pay them is no longer a company, which could have opportunistic behavior, but the blockchain system, in absolutely no interest in human opinion, will decide whether this accident fits with provisions in the policy. This benefit will be the most important because it will increase the company's transparency to customers.
With smart contracts, the spread of fake insurance policies is avoided because it is the same system that issues them upon receipt of payment. With a smart contract the company will not have any delay in the collection of credit, since the policy is issued only after receiving payment. This factor aims to improve the company's management significantly.
With smart contracts in the event of an accident, real judges who will decide whether or not to pay them are no longer a company, which could have opportunistic behavior, but a blockchain system that, in absolutely no interest in human opinion, will decide whether the accident is in accordance with provisions in the policy. This benefit will be the most important because it will increase the company's transparency to customers.
Insurance is one of the oldest industries, and can be seen as part of the growth of modern business that has come to define the world-wide society. While the insurance in the form we will recognize today begins with the first insurance contract in 1347, methods for transferring and distributing risks in the monetary economy have been observed in China in the third millennium BC. One thing that has defined the insurance sector for thousands of years is its ability to adapt its practices to fit the changing technological landscape. From contracts written on parchment to websites and large data, the industry has changed rapidly.
Blockchain is the latest technology game changer to include images, and many predict that distributed ledgers can have profound effects on how insurance companies can operate. One important issue that seems to be designed by blockchain technology is the underlying principle of 'good faith' in insurance contracts. This principle states that any party entering into an insurance contract has a legal obligation to act with a standard of "greater honesty than is normally required in most commercial contracts". This means that insurance companies are asked to believe that they are told the truth by people who want to take out insurance. This is different from other contracts, which are usually based on the principle of 'let buyers take care',
Token Information:
Ticker: INSC
Type: ERC20 Amount
Supply: 500'000'000 INSC Token For Sale: 270'000'000 ISNC
Exchange rate: 1 ETH = 5'000 INSC
Soft Cap: 4'000 ETH
Hard Cap: 39'444 ETH Unfilled tokens
will be burned after the ICO ends.
Pre-ICO begins: June 23, 2018
Pre-ICO expires: July 7, 2018 A
selling price: 1 INSC = 0.0002 ETH
ICO Price: 1 INSC = 0.0002 ETH
Accept: ETH
Soft cap: 4000 ETH
Hard cap: 39444 ETH
Bonus: Up to 30%
ICO begins: July 23, 2018
ICO expires: August 23, 2018
For more information, please visit the link:
Website: https://inscoin.co/
ANN: https://bitcointalk.org/index.php?topic=4422850
TELEGRAM: https://t.me/inscoinico
STEEMIT: https://steemit.com/@inscoin
FACEBOOK: https://www.facebook.com/INSCoinforKnox/
TWITTER: https://twitter.com/INSCOINforknox
LINKEDIN: https://www.linkedin.com/company/inscoin-holding-ou/
Author: wandy92
My profile bitcointalk(Goodday): https://bitcointalk.org/index.php?action=profile;u=1082308