Hello friends! I will like to share with you a unique and the first blockchain based insurance company ever. This project is referred to as INSCOIN project and it is indeed a project that seeks to solve problems in the sphere of insurance in our world today and in the future.
This is the world's first block-based platform assuming the circulation of digital bonds and the first decentralized insurance company. It is indeed a great company as it introducrd the addition of blockchsin technology to the existing method that it was using before. With the use of crypto-currency, it has been able to find possible solutions to the issues of forgery, certification and the others issues arising in the platform.
The type of policy adopted by Knox Company is also in favor of old method and the application of new one to solve the problem facing an insurance company.
The Blockchain technology as we know, is very vital to insurance company as it help save customers from illegal activities because of its decentralization. It also increases the cash flow of the company by eradicating delay in an amount to be paid for a contract made by customer and helps the brokers by earning instant commission or premiums without any delay.
Most peopple today insure their homes, properties, etc. But some find it unnecessary. Those that are willing to insure their lives and properties one way or the other are faced with some difficulties but Inscoin has been able to capture these irregularities and fraudulent incidents from the sphere as it was rampant initially.
May expenses are incurred because of this same reason and according to research, in every year, the damage from insurance fraud is about tens of billions of dollars. Surprising right? There are also problems of bureaucracy, high prices for services, (due to intermediaries) and the slowness of international banking transactions.
The InsCoin project is going to solve all these problems in the field of insurance, by applying Blockchain technology. The Blockchain technology solves the fundamental problem i.e. the problem of trust as the blockchain is a very much reliable and conflict-free network in which participants can verify the reality of a transaction without intermediaries. This technology will allow using it in various fields, including the insurance industry.
The Inscoin project aims at creating an innovative structure that will solve several problems, including fraud in this sphere, with the use of the smart contracts, it will exclude the possibility of spreading fraudulent insurance policies, it will also increase the level of trust between the participants in the relationship and lastly make these relations transparent. We are all aware that the presence of transparency is very necessary in the insurance industry today.
An important element in the InsCoin project will be a token. With these tokens, users will be able to access the maximum level of reliability of the policy, as well as pay insurance premiums.
Interesting, aren't it? You dont really want to miss this golden opportunity do you. The PRE-ICO start on the 23rd of June,2018 to the 7th of July, 2018. The ICO itself starts on thr 23rd of July, 2018 and ends on thr 23rd of August, 2018.
Incredible set of individuals were able to come up with this idea, not just coming up with it but also making it come into reality. Am sure you would love to meet them.
Lots of highly reputable companies have also seen this project worthy and have partnered with them. Among them are double espresso, tokenpolis, nemesis and many others.
Kindly view the whitepaper from the link provided below to get the full idea. Am sure you dont want to regret missing this opportunity coming your way this time.
Till next time!
Contact Information
Website: https://inscoin.co/#home
VTT: https://bitcointalk.org/index.php?topic=4422850
Bounty VTT:https://bitcointalk.org/index.php?topic=4494867.0
Whitepaper: https://inscoin.co/#whitepaper
Telegram: https://t.me/inscoinico
Telegram:https://t.me/InsCoinICO_announcements
Twitter: https://twitter.com/InsCoinforKnox
Facebook:https://www.facebook.com/INSCoinforKnox/
Steemit: https://steemit.com/@inscoin
Reddit: https://www.reddit.com/r/InsCoin/
Youtube:https://www.youtube.com/channel/UCeYb1urpmhALHv_0lm6ZI8w
Linkedin:https://www.linkedin.com/company/inscoin-holding-ou/
My Bitcointalk username: Minnah
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2041841
ETH address:
0x153ADB6Cd4EBB2d885034A5fBA3398e52e9Fc467
