INSCOIN "The First Blockchain based insurance Company"

Introduction of blockchain technology over the years has been a welcome development. There have been a lot of problem facing most sectors before the introduction of blockchain technology. Centralization has caused problems which part of those problems is what we have seen in most of our financial institution which ranges from several banks to insurance companies. Before the introduction of blockchain technology transaction and certification of documents were made in insurance company manually, it doesn’t involve the use of digital currency which this has caused series of issues such as poor policy, forgery, insecurity which shouldn’t have happened in an insurance company and likewise misunderstanding between customers, brokers and the company. These and many more is what KNOX Platform through the use of smart contract on Ethereum blockchain will rectify.

About InsCoin for Knox Project

"InsCoin for Knox Project" aims to establish the first insurance company that will accept a Crypto (INSC) for the payment of insurance premiums, and the first that, with the help of the blockchain, will solve the problem of falsification of insurance policies.

The KNOX project will be the first insurance company that merges the real world with the digital one using Blockchain technology, creating the most efficient and advanced structure in the sector, to find a solution to the problem of certification and anti-forgery of insurance policies. It will be the first ever to emit insurance policies both in smart-contract and traditional paper form.

With the smart contract the spread of false insurance policies is avoided because it is the same system that issues them after receiving the payment.

With the smart contract the company won't have delay in collecting credits, as the policy is issued only after receiving the payment. This factor aims to significantly improve the management of the company itself.

With the smart contract in the event of accidents the real judge who will decide whether or not to pay them is no longer the company, which could have an opportunistic behavior, but the blockchain system that, in a totally disinterested by the human opinion, will decide if this accident is compliant with the provisions in the policy.

This benefit will be the most important as it will increase the transparency of the company towards customers.

The goal of KNOX is to reach, by exploiting the blockchain, a decentralization of the whole insurance system. Decentralization means the transformation of traditional insurance policies from paper into smart contracts.

• With the smart contract the spread of false insurance policies is avoided because it is the same system that issues them after receiving the payment.

• With the smart contract the company won't have delay in collecting credits, as the policy is issued only after receiving the payment. This factor aims to significantly improve the management of the company itself.

• With the smart contract in the event of accidents the real judge who will decide whether or not to pay them is no longer the company, which could have an opportunistic behavior, but the block-chain system will decide if this accident is compliant with the provisions in the policy. This benefit will be the most important as it will increase the transparency of the company towards customers.

KNOX PLATFORM

This is a great company that introduced the addition of blockchain technology to the existing method which it’s using before with the use of crypto-currency to find possible solution to the issues of forgery, certification and the others issues arises in the platform. The policy adopted by Knox Company will be in favor of old method and the application of new one to solve the problem facing an insurance company. KNOX insurance company will be located in the following places Lisbon, Dubai and Bermuda Islands to allow it’s free operation without any restriction

Blockchain technology is very vital to insurance company in the following ways. It saves customer from illegal activities because of its decentralization. Also it increases the cash flow of the company by eradicating delay in an amount to be paid for a contract made by customer. Also it helps the brokers by earning instant commission without any delay.

Token info

Token - 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

Investment info

Min. investment 0.1 ETH
Accepting - ETH
Distributed in ICO - 54 %
Soft cap - 4,000 ETH
Hard cap - 39,444 ETH

Tokens for sale - 270,000,000

Unallocated tokens will be burned after the end of the ICO.

The INSCOIN token is a fundamental part of our project. Through it the customer can pay insurance premiums and can access the maximum degree of authenticity of the policy, receiving it in the form of smart contract.

Inscoin's supply will be 500.000.000 and will be distributed like this:

54% Token Sale
15% Blocked reserve (Broker WholeSaler)
10% Team and Advisors
9% Reserves distributed to the 3 insurance Companies (blocked for 3 months and 10% monthly release)
10% Broker Network partnership, Legal and Insurance advisor
2% Airdrop and Bounty program

60% Allocated to Insurance Companies Set-up
20% Allocated for Platform Development
10% Allocated for Marketing
10% Allocated for Reserve

Roadmap

Study project realization (MARCH 2017)
Team Building
Establishment of the first collaborative network

Forecast Business plan (MAY 2017)
Legal consulting
Invested €150.000

IT insurance licensed platform (JULY 2017)
Invested €300.000 for certified insurance platform

Insurance partnerships (OCTOBER 2017)
Partnership with more than 300 insurance brokers ready to work with the companies

ICO Planning (FEBRUARY 2018)
ICO planning and development of a marketing plan

PRE-ICO (JUNE 2018)
Start of the PRE-ICO

ICO (JULY 2018)
Start of the ICO

Trade inscoin on the main exchanges (SUMMER 2018)
InsCoin will be listed on main exchanges to guarantee easy implementation to future customers of the companies and proper volumes compared to our income.

Compliance to obtain insurance license (AUTUMN 2018)
We will obtain authorizations from official authorities of the three nations to provide legal insurance service.

Introduction of internal platform (WINTER 2018)
With it the customer will be able to access its policy via smart contract.

Smart contract in the insurance business (WINTER 2018)
The smart contract will be more and more protagonist of the insurance industry

Team

USEFUL LINKS=> For More Details About The Project Check Below Links And Follow on Social Media.

Website=> https://www.inscoin.co/
Whitepaper=> https://inscoin.co/assets/content/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/
Youtube=> https://www.youtube.com/channel/UCeYb1urpmhALHv_0lm6ZI8w
Bitcointalk ANN=>https://bitcointalk.org/index.php?topic=4494867.0

author :

Forum Username : andal02
Forum Profile link : https://bitcointalk.org/index.php?action=profile;u=1566211
wallet address 0x0e73B7eB5a98731e25fcCf33919cED46a7aE0e50