Inscoin For Knox - Blockchain that Starts Insurance Company

About Inscoin

The insurance policies issued by Knox Insurance will be both in traditional paper form and in the form of smart contracts, allowing the customer to monitor their policies in real time, in full transparency and safety. Thanks to the platform developed by knox insurance, the policies will evolve to become fully automated and eliminate any possibility of conflict of interest between the parties involved.

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.

Deflation Plan

Benefits of Inscoin

Costumers

1. Smart Contract will prevent the diffusion of fradulent insurance policies which maybe very hard for the costumer to understand because it is the same smart contract that will execute the policy.
2. The costumer will have full control because everything is viewable and checkable on the public blockchain.
3. He or she will also be able to access all details about an insurance company on the internet with his phone o computer

Insurance Companies

1. There will not be any delay in collecting premiums with the help of the automated smart contract.
2. A fradulent policy cannot be charged with the company.
3. Blockchain improve operational processes and ensures unassailable security system.

Brokers

1. It will ensure earning credibility in front of policy holders and beneficiaries
2. Instant check up of his admins.
3. Imediate allocation of commissions.

Token Details

Ticker : INSC
Platform : Ethereum
Type : ERC20
Total Supply : 500'000'000 INSC
Token for sale : 270'000'000 INSC

Price at Pre-ICO : 1 INSC = 0.0002 ETH
Price at ICO : 1 INSC = 0.0002 ETH
Pre-ICO date : June 23 — July 7, 2018
ICO date : July 23 — August 23, 2018
Soft cap : 4,000 ETH
Hard cap : 39,444 ETH
Exchange rate : 1 ETH = 5'000 INSC

Roadmap

For more information, please visit the links below :

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/

Author

Bitcointalk Username : nugroho997
Profile : https://bitcointalk.org/index.php?action=profile;u=2070778;sa=summary
ETH Address : 0x58055FE8f531294DcF2F4dfeD90fDA26CCEabC38