INSCOIN - The First Decentralized Insurance Company

Introduction

The KNOX Project will be the first insurance company to combine the real world with the digital world using Blockchain technology, creating the most efficient and sophisticated structure in the sector, to find solutions to certification and anti-counterfeit insurance policies. The 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.

Background

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 allow 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.

About InsCoin for Project Knox

"InsCoin for Knox Project" aims to establish the first insurance company to receive Crypto (INSC) for insurance premium payments, and the first, with the help of blockchain, will solve the problem of counterfeiting insurance policies.

The KNOX Project will be the first insurance company to combine the real world with the digital world using Blockchain technology, creating the most efficient and sophisticated structure in the sector, to find solutions to certification and anti-counterfeit insurance policies. This will be the first time issued insurance policies in the form of smart contracts and traditional paper.

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 smart contracts in the event of an accident, real judges who will decide whether or not to pay them are no longer a company, which could have opportunistic behavior, but a blockchain system that, in absolutely no interest in human opinion, will decide whether the accident is in accordance with provisions in the policy.

This benefit will be the most important because it will increase the company's transparency to customers.

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 allow 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 entire 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 who will decide whether to pay is no longer a company, which can have opportunistic behavior, but the chain block system will decide whether the accident is in line with the policy. This benefit will be the most important because it will increase the company's transparency to customers.

For more details visit the following official sources:

WEBSITE: https://inscoin.co/
WHITE PAPER: https://inscoin.co/documents/Whitepaper-EN.pdf
Telegram: https://t.me/inscoinico
LINKEDIN: https://www.linkedin.com/ Company About company | / inscoin-holding-ou /
TWITTER: https://twitter.com/inscoinforknox
WITH FACEBOOK: https://www.facebook.com/Inscoin-for-Knox-1802470656458272/

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