Insurance has been widely explained by different classes of individuals that one may find it difficult to grasp the meaning. These varying explanations tend to explain why many people become indifferent towards getting insured. Simply put, it is an attempt to reduce the risk of loss. Since everyone is bound to lose anything at any time, the need for insurance is paramount. Insurance, across ages, has helped people overcome the stress of coping with emergencies and losses.
Insurance schemes have emerged in various styles over years. From commission agencies to marine insurance and to the present manual insurance forms. All those insurance platforms has one thing in common -they are still risky. It is on this note that INSCOIN Knox introduced the blockchain based insurance system -an automated business process that handles insurance policy with ease and careful assessment.
Using Blockchain Security
Having undergone several years of re-structuring and adjustment, Inscoin, being a master of experience, has decided to digitalize her work using blockchain technology. Inscoin blockchain tech has been designed in such a way that customers can initiate and process insurance policies through their smart contract. What this entails is the company has created a medium of exchange using cryptocurrency where one can manage their insurance problems.
With the development of the Inscoin ICO, Inscoin project will become infallible in terms of insurance policing.
Everyone knows that security has been a problem since the inception of insurance as a medium of risk management. The attacks on commission agents shipwreck during shipments, loss of files as a result of manual based processes- all had led to the unstable nature of insurance policies in the times past.
Being the first insurance scheme embracing the idea of the ever promising blockchain, it is worthy of note that Inscoin has an infallible security system, incapable of falsifying policies. With the automated system, transactions are sure secured.
Transparency is another feature of the 'almighty' Inscoin. Inscoin is answerable to her customers because of the independence of blockchain. Individuals are made to understand, both the customer and company, that blockchain allows them to make transactions and assess them. But cannot alter any information pertaining to two parties or more without collaboration a very strict form of security worthy of commendation.
CONCLUSION
Insurance is an investment that provides succor. It is therefore important to choose a reliable platform where one can invest his money.
Based on timing, it is now wiser to invest in cryptocurrencies than to invest in 'liquid' currency. Blockchain technology has made this possible and with Inscoin, one is sure of an investment that will yield pluses in the future. Inscoin Knox Project provides customers, brokers, and even companies to get insured through a smart contract established through the blockchain technology which is highly reliable, efficient and secure. With the advent of blockchain, the issue of internet security became true. In fact, transactions within the platform became so much secure that people no Longer had to worry about certain things like fund embezzlement and miscalculation that can arise from incompetency.
Important Links
Website: https://inscoin.co/
Whitepaper: https://inscoin.co/documents/Whitepaper-EN.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/
Bounty: https://bitcointalk.org/index.php?topic=4494867.0
Author's Profile: https://bitcointalk.org/index.php?action=profile;u=1019759;sa=summary