Now it is impossible to imagine a person's life without insurance policies. In our life, people insure everything from life and health, and ending with movable and immovable property. The whole benefits of the insurance industry cannot be described in brief. In any emergency, the company covers the losses of victims and pay insurance compensation. However, there is one "But", like any other industry, insurance receives huge damage from fraudsters and hackers, which complicate the activities of companies. According to statistics, the insurance industry loses at least $ 42 billion annually.
The InsCoin project creates its own insurance platform based on blockchain, which will cope with current problems. The main task is to ensure decentralization and replace the usual policies with smart contracts. In turn, this will reduce the risks of fraud with policies to zero, reduce the Commission for the service of contracts and ensure full transparency.
The idea of insurance policies on the blockchain
Insurance companies usually issue a policy to the client, which has its own unique digital code or, in other words, an identifier. But due to large databases and wagons documentation, scammers no problem fake insurance policies and clients ' personal information. Thus misleading insurance agents.
With the help of blockchain technology, all the problems associated with the authentication of the insurance contract are solved. At the conclusion of the contract between the insurance company and the client, it is numbered with a special code that displays the address of the smart contract. At any time, if you have an address, you can check the history of payments, payments and the status of the policy.
It is particularly important to note that the client easily tracks all payments and transactions, and the company reduces the cost of identification of the contract.
Clients and users InsCoin
Let's try to understand what categories of users will be interested in the services of InsCoin. The ecosystem will be built around
clients who get full control over the policy with the ability to check the history of charges and payments, without intermediaries. All data is public, immutable and uploaded to the distribution register. With the help of a special policy authenticator, the risk of being cheated is virtually eliminated.
Next are the insurance giants, which will reduce the amount of paper and the size of the database thanks to smart contracts. If all insurance programs are signed with the company, it will become easier to identify, respectively, it will become impossible to deceive the insurance agent. Similarly, the security and reliability of the whole industry will increase, as all processes will become transparent and will remain in the blockchain.
Brokers will become a link between the first two categories of users. They will be the principal between the client and the company, as well as check the reports and distribute commissions.
Details of InsCoin ICO
Name: INSC.
Token: ERC20.
Price: 1 INSC = 0,0002 ETH.
ICO dates: July 23-August 30, 2018.
Hard cap: 39,444 ETH.
InsCoin ICO sales
The potential for development and a brief conclusion
The success of the insurance project InsCoin depends on the implementation of the road map by the team members. The more partnerships and collaborations the company will enter into with brokers and insurance giants, the more customers will connect to the platform. People are used to trust the insurance companies, because in case of unforeseen situations, they save lives and reimburse not small money.
The collected funds of InsCoin, the team is going to spend on the development of the main platform, the purchase of licenses for legal activities, as well as the promotion of the project. Most of the money will be spent on creating your own insurance company, as well as signing partnerships. Perspektiva profitable to invest present in this project and most likely after the token on the exchange, the company will succeed. I recommend to look at the project.
Links:
Web: https://inscoin.co
Whitepaper: https://inscoin.co/documents/Inscoin-WP-Rus.pdf
Telegram: https://t.me/inscoinico
Linkedin: https://www.linkedin.com/company/inscoin-holding-ou/
Twitter: https://twitter.com/inscoinforknox
Facebook: https://www.facebook.com/Inscoin-for-Knox-1802470656458272/
Reddit: https://www.reddit.com/r/InsCoin/
Author: https://bitcointalk.org/index.php?action=profile
