Many consider Socratus as a revolutionary solution in the insurance segment. Today, centralized services have become obsolete - a huge number of problems have appeared that do not allow the parties to insurance contracts to cooperate correctly. But the developers of Socratus are confident that the introduction of blocking, as well as intellectual contracts to ensure the quality and security of transactions, will radically change the situation. What is the main concept of such a startup? The creators of Socratus do not try to initially attract customers to their project, promising them a certain reward. There is an important solution for this industry - speeding up the process of obtaining funds. This is the main problem that clients of insurance companies face. The use of intellectual contracts makes it possible to significantly simplify transactions - and if the client can expect to receive a payment, it will be executed almost instantly. In addition, it is worth noting the absence of multiple intermediaries - often they are the reason for additional temporary, as well as financial costs. After the presentation of features of Socratus, many modern insurance companies immediately drew attention to its functionality. Investors received a full-fledged program for the development of this unique project and are now analyzing the information in order to provide the creators with the required amounts. as well as financial costs. After the presentation of features of Socratus, many modern insurance companies immediately drew attention to its functionality. Investors received a full-fledged program for the development of this unique project and are now analyzing the information in order to provide the creators with the required amounts. as well as financial costs. After the presentation of features of Socratus, many modern insurance companies immediately drew attention to its functionality. Investors received a full-fledged program for the development of this unique project and are now analyzing the information in order to provide the creators with the required amounts.
The problems that the project can solve
It is worth highlighting some unpleasant moments faced by customers of traditional platforms for insurance:
Absence of prompt processing of requests - almost always it is necessary very longly to wait for payments. It's all about multiple checks that can confirm the existence of an insurance event. Socratus makes it possible to accelerate this process - in smart contracts all conditions for obtaining funds will be indicated, everyone can count on their lightning-fast conclusion;
No incomprehensible middlemen who require commission for their services. Each client can choose the best insurance company and conclude a mutually beneficial contract;
To pay for transactions inside the system, its internal currency is used. Tokens can be purchased inside the platform at a reasonably good price;
Absolute security and confidentiality. In addition to the speediness of processing all requests, users will be able to count on the full-fledged protection of their data and facilities. The developers do everything in order to guarantee their customers the most favorable terms of cooperation.
A small update of the functionality is soon enough planned, but this will require additional funds. Developers of the decentralized platform Socratus hope that they will be able to attract investors to the project. Already, several well-known insurance companies are testing the initial capabilities of Socratus.
Why you should take a closer look at the SOCRATUS project
We highlight several important factors that allow this platform to count on success:
A professional development team that works on the development of the project. In this case, specialists who spent many years in the insurance segment attracted experts on cryptocurrency, blockchain and other innovative technologies under their wing to realize the potential of SOCRATUS;
The idea is truly global, innovative. After all, blockchain is not yet used in the insurance segment, which opens incredible prospects for the creators of SOCRATUS. But in this case everything will depend on how they cope with the difficulties. After all, the market is new, there are no standard action algorithms for situations of non-trivial type;
Features of the implementation. Developers manage to avoid complications, there are no problems with testing the functional. This is a great rarity for systems of this type. It is pleasant to surprise their desire to change everything as quickly as possible. After the open platform tests, each comment was considered. Fixed a huge number of minor defects, this approach allows you to really attract investors for their further development.
conclusions
The insurance segment has long needed modernization, now intellectual contracts will become a guarantee of security and speed of execution of transactions. Socratus is a truly unique and special project on the blockchain.
For More Information visit;
Website: http://socratus.io/
WhitePaper: http://socratus.io/wp/
Telegram: https://t.me/socratus_official
Twitter: https://twitter.com/socratus_io
Facebook: https: // www.facebook.com/socratus.io/
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