INSCOIN: The First Blockchain based insurance Company

INTRODUCTION

The advancement has brought immense development to different industries of the world. One of the innovative technologies that have brought excellent growth to various industries is called blockchain technology; this has helped many sectors from changing from the centralized ways to a decentralized method of operations. The centralized mode of operation is one of the issues facing our financial institutions down to the insurance companies. Transaction and method of operation in most insurance companies before the introduction of blockchain technology is manual or centralized, but the use of cryptocurrencies have resolved different issues faced in the traditional insurance sector such as forgery, misappropriation of funds and misunderstanding between customers and insurance companies. That is why the platform called KNOX developed an innovative platform based on blockchain technology to solve these issues facing insurance companies. This will allow for some level of transparency and security in the method of the transaction as opposed to what we have in the traditional insurance companies.

KNOX PLATFORM

KNOX is an innovative blockchain based company that is bent on solving the existing operational issues such as forgery, and misappropriations of customers fund in the insurance companies. This method used by Knox platform will be the application of blockchain technology to different operations in insurance companies. KNOX platform will be based in Bermuda, Lisbon, and Dubai for seamless operation of this platform in the different part of the world. The blockchain technology will deal with varying issues of forgery and save the customers different transactional problems faced by decentralizing the whole insurance company. This will also reduce all form delay in transactions and help the brokers get their commissions in no time.

PEOPLE THE KNOX PLATFORM WILL BENEFIT

Clients
The users of the insurance companies will not have to visit the office of the companies to have their insurance documents signed. They will have the entire document processed electronically with the use of a mobile platform that offers a user-friendly interface to do that. This will allow them to view what the insurance companies have to offers and how it will benefit them.

Insurance company
The blockchain technology this platform is based on will eliminate all forms of fraudulent transactions and bring transparency to the whole insurance service. The insurance companies will be able to execute their transaction efficiently.

Brokers
The issues faced by brokers in the insurance companies are the delay in getting their commissions. It will fast-track the payment of their rewards and commissions.

TOKEN DETAILS
The token used for all the transaction in the Knox platform is called INSC. This is a blockchain based token that is the standard in the industry.

Token Symbol: INSC
Token Type: ERC20
Supply: 500,000,000INSC
Exchange Rate: 1ETH=5000INSC
Soft Cap: 4,000 ETH
Hard Cap: 39,444 ETH

ALLOCATION

ROADMAP

TEAM

PARTNERS

CONCLUSION
INSCOIN is a blockchain based platform that will decentralize the whole insurance company. This will help the brokers to have personal wallets that function on cryptocurrency which makes it easy to get their commissions in time. The customers will be able to get access to the offer of companies has to offer the insurance companies through the mobile-friendly platform. The insurance companies will be able to deal with the fraudulent transaction and gain more trust through the transparent operation as opposed to what we have in the traditional method of operation. You can get more details about this innovative platform through the links below:
Website: https://inscoin.co/
WhitePaper: https://inscoin.co/#whitepaper
Telegram: https://t.me/inscoinico
Twitter: https://twitter.com/InsCoinforKnox
Facebook: https://www.facebook.com/INSCoinforKnox/
Ann: https://bitcointalk.org/index.php?topic=4422850.msg%msg_id%

AUTHOR'S DETAILS
Bitcointalk Username: Bountyfit
Telegram: @odunayoipaye
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2256159
Wallet: 0x7e45cfC9613022C736C6D821Bdd486588A5242d0