The blockchain is the most recent mechanical distinct advantage to enter the photo, and numerous are anticipating that dispersed records could effectively affect the way that insurance agencies can work. One imperative issue that blockchain innovation appears customized to address is the basic rule of 'most extreme great confidence' in protection contracts. This rule expresses that each gathering going into a protection contract has a legitimate commitment to act with a standard of "trustworthiness more prominent than that normally required in most business contracts". This implies the safety net provider is required to assume that they are being come clean by the individual hoping to take out protection. This contrasts from different contracts, which are generally in light of the rule of 'let the purchaser be careful', or the possibility that the purchaser accepts the hazard that the item may neglect to live up to their desires.
Introducing the next revolution which is the Inscoin for the Knox project
What is InsCoin for Knox
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.
The KNOX project provides for the establishment of the first insurance company that will merge 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. The Blockchain technology, born starting from the Bitcoin in 2008, is now used more and more widely in an increasing number of cryptocurrencies, to allow the creation of decentralized and disintermediate new generation services. Blockchain in its public implementations solves the fundamental problem of creating a trustless and permissionless network, where the participants can consider valid a transaction, and therefore also a possible related certification, thanks to the consent mechanism generated by the system of incentives and disincentives among the parties involved.
Mission inscoin for knox
In blockchain technology,Knox currently has a project to combine insurance companies with digital blockchain security systems.
Knox will explore the transformation of insurance policies from paper to smart contract :
The smart contract, the spread of fake insurance policies is avoided because the same system problems them after receiving payment.
A smart contract, the company will not have any delay in collecting credits, such as a policy issue only after receiving an embargo. This factor aims to significantly improve the management of the company itself.
The smart contract in the event of a crash, the real judge who will decide or not pay them is no longer the company, which can have opportunistic behavior, but the block-chain system will decide if this accident is in accordance with the provisions in the policy.
This benefit will be the most important because it will increase the company's transparency to customers.
Pre-ICO starts: June 23, 2018
Pre-ICO ends: July 7, 2018
Pre-sale Price : 1 INSC = 0.0002 ETH
ICO Price: 1 INSC = 0.0002 ETH
Soft cap: 4000 ETH
Hard cap: 39444 ETH
Bonuses: Up to 30%
ICO starts: July 23, 2018
ICO ends: August 23, 2018
For more information visit:
Website : https://www.inscoin.
My Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1082634