Introduction
Insurance is primarily associated in the mind of a person with the word "fear" (fear for the safety of their property, for their health, life, etc.). It was the fear of incurring material losses and the need for their reimbursement that caused the insurance to arise. Property owners quickly realized that it was very difficult to compensate for losses incurred alone, since this required the creation of reserve reserves at their own expense. As an exit from this situation there was an idea of a joint responsibility for damage suffered by one of the owners, at the expense of the general fund. All participants of the fund contribute to it the funds that are spent to recover the losses of depositors. Therefore, a person's awareness of the danger and accidental nature of adverse events, as well as the solidarity of the damage between the participants of the fund, led to the emergence of mutual insurance - one of the first organizational forms of insurance activity.
Vernam is associated with a common register, which not only increases transparency, but also minimizes transaction costs. Prevents manipulation of data by unauthorized parties. VRN Tokens (Vernam) (Ethereum based ERC20 token standard) are used to fully use this platform. Customers can purchase regular insurance through this market. They will receive awards in the form of tokens VRN, the cost of which will be the same as the commission broker.
Brokers are the only organization in this chain that earns the largest share. Insurance agents and brokers receive a commission of 25 - 30% of the insurance premium. In addition, the industry is still far from adapting to current technological advances, similar to other business sectors. Do not you think that an innovative industry solution is possible?
Concept
Vernam wants to build a market for various insurance products from various companies based on the technology of blockchain. Based on the Smart Contract, insurance will be issued to users of the platform. Insurance agents and brokers will be part of a network created by a platform in different countries. By optimizing the risks associated with different policies, presenting an innovative and transparent market for various insurance products, they are ready to revolutionize the insurance industry. By linking a network of brokers and insurance agents around the world with people, they create a platform that everyone can trust.
ICO
Distribution of tokens
Conclusion
This is a very promising project with great confidence among the community of cryptologists. They have an experienced team and many advisers who will help spread the project. Moreover, the entry into the blockchain technology in such a large industry will bring the kryptomir to a new level. If you are tired of paying insurance companies for nothing, the Vernam project is for you. However, if you hurry, Vernam ICO is a very generous gift for you. Right now you will get 10,000 VRN tokens for 1 Ethereum, equivalent to $ 600. Today is the time to make a contribution, given the current market situation.
Website : https://www.vernam.com/
Whitepaper: https://www.vernam.com/assets/uploads/Whitepaper_Beta_v015.pdf
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