The Blockchain and digital currency world has created a way to a whole new understanding of the concept of decentralization. This does not just pose a huge challenge to the traditional perspective of financial transactions but also pinpoint on the task of eliminating the loopholes attached with the exisiting traditional financial system. This goes to prove how innovative the blockchain technology has gone, and also how it has been able to decrease the global gap by offering a chance at having an advanced and improved future for the whole world with its wonderful usecase.
Blockchain has been growing as the central masterpiece of truth for many industries and use-cases and the insurance industry is not left out.
The insurance industry phenomenal contributions to the well-being of individuals, cooperate entities, businesses, and society and general world populace have a long influence, and there is an enduring, expanding yearning for the industry's services and thus the quality of service offered needs to be efficient.
CHALLENGES OF INSURANCE INDUSTRY AND BLOCKCHAIN SOLUTION
just like any other industry the insurance is not left without its own hiccups. Some of which are outlined below;
. Enhancing the claiming handling strategies is dependably on the plan for the day of insurance agencies. another hard task is affirming the client claim process. The preparation can take a long time, considering the quantity of information focuses to check and confirm. But with blockchain help most of the information needed to process the claim can be handle swiftly given to the fact that blockchain can process data from various sources.
. Every insurance outfit would want to verify their customers information through KYC process which might be a cumbersome task for them to handle but with blockchain technology verificationcan be done once because customers data are stored in a secured protocol.
The high level of insurance fraud has cost many insurance companies a fortune and for insurance industry to thrive there is need for it to employ the expertise wmd technicality of blockchain technology which will effect and correct varrious inefficiencies in the industry
The insurance companies are taking advantage of blockchain as it brings transparent information about the transactions, which creates a sense of trust and inscoin is on track to be that perfect cryptocurrency built on blockchain technology to link the digital world and that of the insurance industry and help improve the quality of service offered by insurance industry.
ABOUT INSCOIN
Inscoin is a knox project devloped to help link the real and digital world. The project was designed to help the insurance sector by fighting against forgery and counterfeit in the industry.
INSCoin project will revolutionize the insurance industry to a great extent as it will combine the implementation of Blockchain via Smart Contracts, which will operate on the basis of full transparency between the insurance company customers brokers, there by establishing high level of trust between all parties.
The decentralised nature of blockchain will allow Customers have full knowledge and control over the written insurance policy on the blockchain which is verifiable at all times.
Maximum trust and transparency in the relationship between the Company and InsurantCombating Policy FraudIssue an automatic and decentralized insurance policy
The company on the other hand also will benefit from the start contract implementation as there wont be delay in collecting credit any longer.
At the long run the use of automated smart contracts will build a long lasting relationship between the company and thr customers there by establishing a favourable environment for business growth.
TOKEN AND ICO DETAILS
Inscoin will hold an initial coin offering where customers will have the opportunity to own the platform token
Token Ticker: INSC
Platform - Ethereum
Type - ERC20
PreICO price - 1 INSC = 0.0002 ETH
Price in ICO - 1 INSC = 0.0002 ETH
Pre-ICO starts - June 23, 2018
Pre-ICO ends - July 7, 2018
Bonus - Available
TOKEN DETAILS
Min. investment0.1 ETH
Accepting - ETH
Distributed in ICO - 54 %
Soft cap - 4,000 ETH
Hard cap - 39,444 ETH
Tokens for sale - 270,000,000
Presale INSCoin is divided into 3 Phases.
1.Stage One: June 23-June 30 Hard Cap 1000ETH
2.Second Stage July 1 - July 7 Hard Cap1500ETH
3.Third phase July 8 - July 15 Hard Cap 5000ETH
Team
The team behind the project are young and ambitious and they are open to investors views and concern and also with users, in addition to more than 10 developers under 30, there are insurance experts who in the past have established and managed insurance companies such as ceo Agostino Luongo (Hill Ltd) and our partners. The team is well loaded with experince and knowledgeable individuals who will move the platform to a success route.
CONCLUSION
from the above written peice it is evident that this project will not just be aming the elite in crypto space but will cause massive disruption in the insurance industry.
For more information visit:
WEBSITE: https://inscoin.co/
WHITE PAPER: https://inscoin.co/#whitepaper
ANN THREAD: https://bitcointalk.org/index.php?topic=4422850
TELEGRAM: https://t.me/inscoinico
STEEMIT: https://steemit.com/@inscoin
FACEBOOK: https://www.facebook.com/Inscoin-for-Knox-1802470656458272
TWITTER: https://twitter.com/INSCOINforknox
LINKEDIN: https://www.linkedin.com/company/inscoin-holding-ou/
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