Socratus - a rerolitionary soluation in the insurance segment

Socratus - a rerolitionary soluation in the insurance segment

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The insurance industry is a fast- growing market. several new products have been developed over the last 50 years. Along with the development of online banking technology and cryptocurrency that began to change the world.

Socratus is an insurance eco system that uses a blockchain system, and is developed by an insurance company to apply innovative insurance product and unite players under unquestionable win-win rules and transform the insurance market in to fair play.

1. Transparent deals
2. Frienaly price
3. Instant claim payment

How it works : Socratus instant claim payment.

1. Customer buys policy in insurance company or agents. Smart - contract starts to work.
2. With the first policy customer gets login and password to access his profile.
3. Customer inform insurance company about accident through its web site or application.
4. Smart - Contract give the signal to oracle to check the accident. oracles turns to verified data provider.
5. In case of confirmation of the accident smart - contract sends the signal to send money to the customer.
6. Smart - contract executes the payment smart - contract is closed.
7. Socratus eco system will implement the distribute ledger technology for letting the business operations be more cost and time effective.

Socratus ecosystem benefits

1. Benifits fro customer
   1.1 Instant claim payment
   1.2 Lower premiums
   1.3 No need to collect a bullc of documents
   1.4 No annoying personal meetings with insurance company
   1.5 Save time and money

2. Benifits for insurance companies
   2.1 Cost savings (operating cost)
   2.2 Claim management
   2.3 Product development
   2.4 Insurance policy management :- will decrease time, cost and increase trust

3. Developing business
   3.1 Data analytics
   3.2 New insurance product
   3.3 New customer segments penetration

Any insurance company can connect the platform to become the part of

Insurance digital ecosystem

Distribution of tokens

Token sale Raised funds allocation

Current project road map

TOKEN SALE INFO :

Supply token : 2,000,000,000
Token symbol : SCR
1 SCR = 0.1$
Softcap = $5 Millions
Hardcap = $ 125 Millions

The insurance segment has long needed modernization, now intellectual contracts will become a guarantee of security and speed of execution of transactions. Socratus is a truly unique and special project on the blockbuster.

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Author :

Bitcointalk Username: @priyadarshana99

Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=1967050;sa=summary

ETH Addrees: 0x1622903704EFA7ab56f174CeDC029bf2f5e1Ff8e