Global Risk Exchange: a fundamentally new insurance system

sansablue (26)in #ico • 6 years ago

What kind of project?

GRE also known as Global Risk Exchange is a blocking risk exchange. Now I will explain. The goal of this startup is to help companies. They will hedge and pass on their risk. The platform uses an innovative idea of direct risk exposure to the market, as a way to help start-up companies to see the light.

The future of start-ups is always in a veil of possible risks and misunderstandings, so GRE helps to solve this issue. It simply helps companies manage their risks, with insurance of the company and its products. This will help companies look more confident and fearless in the future.

The sector that deals with Global Risk Exchange is great. Already in 2027, the total capitalization of gross transactions exceeded the $ 4 billion mark, and now there is a tendency to increase this figure. The GRE project using blockchain technology wants to move the risk sector to a new stage, by the fact that the risk can be transmitted in one second.

What issues does the project solve:

Currently, the risk management section is characterized by a number of problems that just make it more expensive to make it part of a project. Here the above section undergoes two major obstacles at once:
Firstly: there is a very high entry point, that is, it is very difficult to enter this section.
Secondly: high channel costs. Mediators who already exist in this sector charge too high a fee for newcomers. What makes hedging risks is an extremely complex and expensive process.

Still there is a problem of similarity of products, first of all in the field of the design decision. Yes, some new "buns" are added, because the brain "sees" the brain in different ways, but still, many common features can be seen in them, which again creates risks, but also risk management products that, in their the queue offers new approaches, as a rule, do not occur particularly warmly.

There is also another question that needs attention. This question is the confidentiality of user data. Simply, in a normal insurance market, a client must provide the insurance agent with a maximum of personal data (well, or almost a maximum, much shorter). And it would seem, everything is fine. But not really. The data rewritten from the documents are stored on the central server, which can be subject to hacker attack followed by hacking and identity theft.

Another problem is the opacity of the derivative over-the-counter market. In short, the opacity in calculating the cost of insurance, which ultimately results in a large amount of money.

Well, the last problem is the length and tedium of the insurance process. More precisely, his statements. The insurance claim made by the consumer can take from a week to a month. Maybe even a few. This time will be spent on data processing. This is due to the fact that most insurance companies have optimized the verification and verification of data. In addition, bank remittances are also slow.

Solving problems from the project:

The Global Risk Exchange project intends to revolutionize the risk management sector (or in other words - insurance), offering its services, which it led to optimization, speed, simplicity and personalization. Decentralization will not only improve safety and efficiency, but also give some other advantages. Through the GRE platform, sellers and buyers of risks (in short, you can say customers and insurers) will be able to contact quickly and without third parties. This will increase security and money costs will become more moderate.

In addition to the above, Global Risk Exchange will audit contracts for wider audience coverage. Also, there will be no question of data loss, or their transfer to third parties (hacking). This will be possible thanks to the use of blockade technology, which is currently one of the safest and fastest.

ICO:

Token symbol: RISK
Price of the token: 1 ETH = 100,000 RISK
Emit: 10,000,000,000 RISK
Soft shop: 2 thousand ETH
Hardcap: 20 thousand ETH
Beginning: 05/20/2018
End: 06/20/2018.

Roadmap: