The first project in the real world and the digital world!

somnambul1st (27)in #cryptocurrency • 6 years ago (edited)

Introduction data:

Insurance is one of the oldest industries and can be seen as part of the growth of modern business, which began to define societies around the world.

Although insurance in the form that we recognized today began with the first insurance contract in 1347, the methods of transferring and distributing risk in the monetary economy were observed in China in the third millennium BC.

Blockchain technology is very important for insurance companies in the following ways.

This saves customers from illegal activities due to decentralization. Also increase the company's cash flow, eradicate the delay in the amount to be paid under the contract signed by the client. Also help brokers, instantly receive commissions.

The KNOX project will be the first insurance company to incorporate the world of newcomers with blockchain technology, to create certification and insurance policies.

Project:

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.

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.

Plan:

KNOX Project will be the first insurance company to combine the real world with digital technology with Blockchain, create the most efficient and sophisticated structure in the industry, to find solutions for certification and falsifying insurance policies.

Smart contracts avoid spreading fake insurance policies because it is the same system that issues them upon receipt of payment. With smart contracts, the company is not delayed in collecting credits because the policy is only issued after the payment is received. This factor is intended to significantly improve the management of the company itself.

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