INSCOIN - The First Decentralized Insurance Company

Is that InsCoin for Knox?

The KNOX project will be the first insurance company to combine the real world with the digital world using Blockchain technology, creating the most efficient and sophisticated structure in the sector, to find solutions to the problems of certification and anti-counterfeiting insurance policies.
Insurance policy
Thanks to the platform developed by knox insurance, the policy will develop to be fully automatic and eliminate the possibility of conflicts of interest between the parties involved.

Insurance companies will be established in Lisbon, Dubai and the Bermuda Islands, to enable Knox's insurance to operate in a variety of laws and enable token economies on a global scale.

About InsCoin for the Knox Project

"InsCoin for Knox Project" aims to establish the first insurance company that will receive Crypto (INSC) for payment of insurance premiums, and the first, with the help of blockchain, will solve the problem of insurance policy forgery.

KNOX project will be the first insurance company that combines the real world with the digital world using Blockchain technology, creating the most efficient structure and advanced in this sector, to find a solution to the problem of anti-counterfeit certification and insurance policies. This will be the first to issue insurance policies in the form of traditional smart and paper contracts.

With a smart contract, the spread of fake insurance policies is avoided because it is the same system that issued them after receiving payment.

With a smart contract, the company will not have a delay in collecting credit, because the policy is issued only after receiving payment. This factor aims to significantly improve company management.

By contracting intelligently in the event of an accident, real judges who will decide whether or not to pay them are no longer companies, which can have opportunistic behavior, but the blockchain system which, in really not interested in human opinion, will decide whether this accident is in accordance with provisions in the policy.

This benefit will be the most important because it will increase the company's transparency towards customers.

The INSCOIN project intends to use, among the many available, the Ethereum blockchain, which currently presents the largest number of real cases used and the service economy and transactions currently operating. Ethereum provides, using ERC20 infrastructure and technology, the creation of digital personal coins from controlled issuance (tokens) that allow it to support entrepreneurial projects. Token sales allow companies to collect the economic resources needed for project development where the token itself will play a key role. Tokens in this sense allow for the possibility of new technologies that offer innovative services.

The goal of KNOX is to achieve, by utilizing blockchain, decentralizing the entire insurance system. Decentralization means the transformation of traditional insurance policies from paper to smart contracts.

With a smart contract, the spread of fake insurance policies is avoided because it is the same system that issued them after receiving payment.
With a smart contract, the company will not have a delay in collecting credit, because the policy is issued only after receiving payment. This factor aims to significantly improve company management.

With a smart contract in the event of an accident, the real judge who will decide whether to pay it is no longer the company, which can have opportunistic behavior, but the block chain system will decide whether this accident is in accordance with the provisions of the policy. This benefit will be the most important because it will increase the company's transparency towards customers.
Insurance is one of the oldest industries, and can be seen as part of the growth of modern businesses that have come to define communities throughout the world. While insurance in the form that we will recognize today begins with the first insurance contract in 1347, methods for transferring and distributing risks in monetary economics have been observed in China in the third millennium BC. One thing that has defined the insurance sector for thousands of years is its ability to adapt its practices to suit the changing technological landscape. From contracts written on parchments to large websites and data, the industry has changed rapidly.

Blockchain is the latest game technology modifier to include images, and many predict that distributed ledgers can have a profound effect on how insurance companies can operate. One important issue that seems to be designed by blockchain technology is the principle that underlies "full good intentions" in insurance contracts. This principle states that every party who enters into an insurance contract has a legal obligation to act with a standard of "greater honesty than is usually required in most commercial contracts." This means that insurance companies are asked to believe that they are told the truth by the person who want to take out insurance.This is different from other contracts, which are usually based on principle '

Implementing blockchain for this problem means that insurance contracts and consumer personal data can be stored in a distributed ledger, with consumers controlling who has access. Data is still stored on the user's personal device and this can eliminate the need for brokers and other intermediaries that appear as mediators between insurance companies and consumers. Blockchain not only offers promises to reduce costs and efficiency, but can also enable revenue growth, because insurance companies attract new businesses through high-quality services.

Blockchain technology can help the wholesale insurance sector fulfill its role in supporting the global economy more effectively. Just as blockchain is being pursued as a force for positive change in other fields of society - from identification for refugees to better public services - it can also help wholesale insurance to carry out their responsibilities for the common good.

The KNOX project will be the first insurance company to combine the real world with the digital world using Blockchain technology, creating the most efficient and sophisticated structure in the sector, to find solutions to the problems of certification and anti-counterfeiting insurance policies. With a smart contract, the spread of fake insurance policies is avoided because it is the same system that issued them after receiving payment. With a smart contract, the company will not have a delay in collecting credit, because the policy is issued only after receiving payment. This factor aims to significantly improve company management. With a smart contract in the event of an accident, real judges who will decide whether or not to pay them are no longer companies, which can have opportunistic behavior, but the blockchain system, in really not interested in human opinion, will decide whether this accident complies with the provisions of the policy. This benefit will be the most important because it will increase the company's transparency towards customers.

With smart contracts, the spread of fake insurance policies is avoided because it is the same system that issued them after receiving payments. With a smart contract the company will not have a delay in collecting credit, because the policy is issued only after receiving payment. This factor aims to significantly improve company management.

By contracting intelligently in the event of an accident, real judges who will decide whether or not to pay them are no longer companies, which can have opportunistic behavior, but the blockchain system which, in really not interested in human opinion, will decide whether this accident is in accordance with provisions in the policy. This benefit will be the most important because it will increase the company's transparency towards customers.

For more detailed information:



https://inscoin.co/
White Paper: https://inscoin.co/documents/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/
For Reddit: https://www.reddit. com / r / InsCoin / [/ left]
https://bitcointalk.org/index.php?topic=4422850.msg%msg_id%
Bounty: https://bitcointalk.org/index.php?topic=4494867.0

Token Information:

Ticker: INSC
Type: ERC20 Amount
Supply: 500'000'000 INSC Tokens For Sale: 270'000'000 ISNC
Pre-ICO starts: June 23, 2018
Pre-ICO ends: July 7 2018 A
selling price: 1 INSC = 0,0002 ETH
ICO price: 1 INSC = 0,0002 ETH
Receive: ETH
Soft cap: 4000 ETH
Hard stamp: 39444 ETH
Bonus: Up to 30%
ICO starts: July 23, 2018
ICO ends: August 23, 2018
"Accurate Information"
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