INSCOIN KNOX PROJECT: A Blockchain based Insurance Company

INSCOIN

Introduction

InsCoin - a new word in the field of insurance. Insurance companies. This is the pain of almost every person who has ever issued insurance. Huge contracts with small print, high cost of insurance, due to a lot of numbers of intermediaries, well, and of course, when an insured event occurs, it is sometimes necessary to prove to the insurers that in general they owe you money ...
Today we will get acquired the world's first insurance based company.

So, InsCoin is the first project in the field of insurance, which will take cash as a cash. Developers of InsCoin want to create an honest, flexible, decentralized infrastructure that will be protected from fraud, forgery and other disorder in the field of insurance.
The user of the platform will be able to receive both the usual paper certificate of insurance for us, and make out the whole thing in the form of a smart contract. In the second variant, the insured can keep his insurance policy in full online, and in full transparency and reliability, but with the utmost respect for the inviolability of his private life.
All this in the end should lead to a 100% automated insurance policy, which excluses the possibility of collisions of the interests of the parties.
The application of smart contracts in this area will undoubtedly lead to a clear fulfillment of obligations on both sides, and decentralization of the platform will lead to a significant reduction in the cost of insurance policies. huge number of employees and intermediaries. Blocking will also speed up the process of registration of insurance, and issuance of money on insurance cases, which will favorably affect the cash flow of the platform itself.

Of course, you can use the services of the platform on the basis of the INSC token, issued by the project.
Work on this project was started in March 2017 (if you believe the road map) and to date more than 300 insurance brokers of the world have already agreed to cooperate. In 2018, the company plans to facilitate its users cashing INSC if necessary.

The INSCOIN project intends to use, among many available, the Ethereum blockchain, which currently presents the largest number of real cases in use and the service economy and transactions currently in operation. Ethereum provides, using ERC20 infrastructure and technology, the creation of digital personalized coins from token publishing that allows to support entrepreneurial projects. Token sales allow the company to gather the necessary economic resources for project development where the token itself will play a key role. Token in this sense allows the possibility of new technologies that offer innovative services
KNOX's goal is to achieve, by utilizing blockchain, the decentralization of the whole insurance system. Decentralization means the transformation of traditional insurance policies from paper into smart contracts.
  • With smart contracts, the spread of fake insurance policies is avoided because it is the same system that issues them upon receipt of payment.
  • With smart contracts, the company will not have any delay in collecting credits, since the policy is issued only after receiving payment. This factor aims to improve the company's management significantly
  • With an intelligent contract in the event of an accident, the actual judge does not have a chance to do business. This benefit will be the most important because it will increase the company's transparency to customers
As you can understand the introduction of smart contracts is an important step towards a fair relationship between the company and the customer. A relationship that supports maximum transparency and which is the main factor in the insurance industry, NAME and REPUTATION are the main factors.

INSCOIN PLATFORM

At the same time as the beginning of three insurance companies, once a legal license is obtained, with the help of the funds collected, an internal exchange platform will be created. This platform will have a fundamental role, through which customers can access the purchase of insurance products offered by our structure.
The main functions of this platform are: Customized profile creation for Brokers, with their personal inscoin wallets.
  • It is possible for Brokers to create for their clients the underlying profile, combined with identification code and associated inscoin wallet.
  • It is possible for each customer to create their own profile, with a relative inscoin wallet. Direct loading of all policy features for evaluation and bidding.
  • Possible pay policy as described in the previous paragraph. Acceptance, in the case of a policy purchase, from a smart contract address that you can verify its authenticity.
The internal platform is very important for the project because it can efficiently manage all our project innovations.

TOKEN SALES



During the Sale Token (Pre-ICO and ICO) there will be Bonus based on the amount of investment.
  • For 10 - 29 ETH will be + 5% Bonus from INSC In addition to regular bonuses.
  • For 30 - 49 ETH will be + 10% Bonus from INSC In addition to regular bonuses.
  • For> 50 ETH will be + 15% INSC Bonus In addition to regular bonuses.

ROADMAP

  • March 2017
  • Study Project realizationTeam building Establishment of the first collaboration network
  • -May 2017
  • Forecast Business plan
  • Legal consultation
  • Invest € 150'000
  • May 2017
  • Forecast Business plan
  • Legal consultation
  • Invest € 150'000
  • October 2017
  • Insurance partnership
  • Partnership with over 300 insurance brokers ready to work with the company.
  • September 2018
  • INSCOIN trading on major exchanges
  • Inscoin will be listed on the main exchange
  • to ensure easy implementation of the company's future customers and the volume right compared to our income.
  • Q3 2018
  • Compliance to obtain an insurance license
  • We will authorize the three countries to provide legal insurance services.
  • 2018 Quarter
  • Introduction of internal platforms
  • With that customers will be able to access their policies through smart contract.
  • 2018 Quarter
  • Smart contract in insurance business
  • The smart contract will increase to become the protagonist of the insurance industry.

For those interested in the project, I provide official information links:


Author : yUzhin@Cy
Ethereum Address  : 0xa38b1c47F901DF80240CEAf4380ea52523424808

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