KNOX Project will be the first insurance company to combine the real world with the digital world using Blockchain technology, and will create the most efficient and sophisticated structure in the sector, to find solutions for certification and anti-counterfeit insurance policies. Insurance policy. Thanks to the platform developed by Knox insurance, the policy will evolve into a fully automated and eliminate the possibility of conflict of interest between the parties involved. Insurance companies will be established in Lisbon, Dubai, and the Bermuda Islands, to enable Knox insurance to operate in various laws and enable token economies on a global scale. Smart Contract. Avoid spreading fake insurance policies because it is the same system that deletes them after receiving payment. With smart contracts, the company is not delayed in collecting credits because the policy is only issued after the payment is received. This factor is intended to significantly improve the management of the company itself. The smart contract in case of an accident is a real judge who decides to pay or no more company, which can have opportunistic behavior, but the chain block system, completely uninterested in the human mind, will decide whether the accident meets the policy requirements. This benefit will be the most important because it increases the company's transparency to customers. Five good reasons why you should consider investing in InsCoin : 1. Customized. Blockchain fits perfectly with the world of insurance. Blockchain in public implementation solves a fundamental problem in creating fewer trusts and networks without permission, in which the participants of the transaction can be considered legitimate, and therefore the potential of related certification, with the permission mechanism generated by the incentive system and the negative incentives between the parties involved. Certification of non-certified documents is one of the most important applications of Blockchain Technology, since documents certified in Blockchain are NEVER falsified. Smart contracts avoid spreading fake insurance policies because it is the same system that issues them upon receipt of payment. With smart contracts, the company is not delayed in collecting credits because the policy is only issued after the payment is received. This factor is intended to significantly improve the management of the company itself. With smart contracts for accidents, the actual judge who decides whether or not to pay is no longer a company that can have opportunistic behavior, but the blockchain system will decide whether the accident meets the policy requirements. This benefit will be the most important because it increases the company's transparency to customers. 2. A smarter way to change the insurance sector. Many crypto-projects have tried to disrupt the insurance industry, from a decentralized perspective that will not be able to operate in the real world without relying on real companies. In inscoin for knox we want to do something different, we are big fans of decentralized platforms, in fact we will depend on the Ethereum network for the deployment of our smart contract but behind our symbolic insocsa will be formed from 1 to 3 companies based on the number of ETH collected, remember that companies in the real world need a security fund of several million dollars to be legally regulated, with offices in the Bermuda Islands, Dubai and Portugal. We have studied this phase in detail thanks to our previous experience in the insurance industry and we have developed a certified business plan, which you can learn at the following links. 3. Missing ownership plan, killer token inscoin.
