The insurance industry today has been largely resistant to change. It has not changed significantly and is still characterised by complex, opaque, inflexible and slow processes. It is still very much a traditional and paper driven business with many layers showing limited growth.

Blockchain technology were put on the spotlight since the invention of Bitcoin in 2008 and blockchain now is considered as one of the technological innovations of the greatest potential and creativity in the world. It has a great potential for continued development and a wider range of applications. The utility of rising technologies such as internet, blockchain, smart contracts, encryption and the Internet of Things will accelerate and help to turn our insurance vision into reality.

Let's meet Inmediate.

Inmediate have taken the initiative to build the infrastructure for an effective smart insurance eco-system and network that :

• Lowers the costs of insurance significantly
• Connects insurers, re-insurers, brokers, distributors and customers
• Is solid, consistent, secure, clear and future proof
• Enables new insurance products and
• Is available everywhere, anytime to everyone

And this is called : the Inmediate network.

Why Inmediate is a great project to support?

1. The Inmediate Mission

Inmediate have taken the initiative to build the infrastructure for an effective smart insurance eco-system and network that will provide the Insurance industry with that ecosystem where Smart Contract Insurance can be transacted at lightning speed, full clarity, and at much lower costs than ever imagined.

2. The Inmediate Solution to Insurance Industry Current Problem

Inmediate provide the Insurance industry with that ecosystem where Smart Contract Insurance can be transacted at lightning speed, full clarity, and at much lower costs than ever imagined. Inmediate solution and contribution will make an insurance that we need it to be fast,affordable, transparent, flexible, accessible and responsible.

3. Give Benefits for Consumers, Insurers and Distributors

Inmediate’s network and dApp will reside at the heart of interactions between participants of smart insurance transactions that gives opportunities and benefits for insurers, distributors and consumers.

4. Powered by Ziliqa

Inmediate will use the Zilliqa blockchain. The world’s first high throughput public blockchain platform, designed to scale to thousands of transactions per second.

5. The Inmediate Team

Inmediate team is composed of passionate and experienced team of tech and insurance professionals that have built and delivered intelligent algorithms, platforms, API connectivity and bring extensive risk management and project management skills.

6. Partnered by Major Insurers

Inmediate partnered by Zilliqa and major insurers. FWD and Deloitte. Inmediate will use the Zilliqa blockchain. FWD has been the first insurer to endorse the Inmediate eco-system. Deloitte has been a long standing supporter of Insurance Market Group. Deloitte is one of the “Big Four” accounting organizations and the largest professional services network in the world by revenue and number of professionals.

Inmediate has a promising future and a roadmap which aim is to unite, orchestrate and support with a view to create access and a better customer experience for a product/service that is a basic need. To have access to insurance when one needs it.

To know more about Inmediate, visit the website: http://inmediate.io/
Join official InmediateTelegram: https://t.me/inmediate

Source: https://inmediate.io/Inmediate_Whitepaper.pdf

Disclaimer: I am not a financial advisor. It is not intended to be investment advice.
I do research and reference the sources that I use within my writing. This is my personal views and opinions and is for information purposes only.