The insurance segment is the most important, fast-growing industry, which is completely open for the introduction of innovative technologies. Any modern business is difficult to imagine without insurance - this is a kind of security guarantee for all. Existing algorithms of insurance companies are difficult to call ideal - there are a lot of different problems, as well as shortcomings, which can not be ignored. There are many studies that reveal the flaws of the modern system - insurance fraud is rapidly developing, companies are suffering huge losses.
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 combine the world of newcomers with blockchain technology, to create certification and insurance policies.
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 combine the world of newcomers with blockchain technology, to create certification and insurance policies.
What is an InsCoin Project?
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 for certification and anti-counterfeit insurance policies, as described above.
"InsCoin for Knox Project" aims to establish the first insurance company to receive Crypto (INSC) for insurance premium payments, and the first, with the help of blockchain, will solve the problem of counterfeit insurance policies.
With smart contracts, the spread of fake insurance policies is avoided because it is the same system that issues them upon receipt of payment.
The InsCoin project intends to use, among the many available, the Ethereum blockchain, which currently presents the largest number of real cases in use and the service economy and transactions currently in operation. Ethereum provides, using the infrastructure and technology of ERC20, the creation of digital personalized coins from token publishing that allow supporting entrepreneurial projects. Token sales allow the company to collect the necessary economic resources for project development where the token itself will play a key role. Token in this sense allows the possibility of new technologies that offer innovative services.
KNOX's goal is to achieve, by utilizing blockchain, the decentralization of the entire insurance system. Decentralization means the transformation of traditional insurance policies from paper into smart contracts.
"InsCoin for Knox Project" aims to establish the first insurance company to receive Crypto (INSC) for insurance premium payments, and the first, with the help of blockchain, will solve the problem of counterfeit insurance policies.
With smart contracts, the spread of fake insurance policies is avoided because it is the same system that issues them upon receipt of payment.
The InsCoin project intends to use, among the many available, the Ethereum blockchain, which currently presents the largest number of real cases in use and the service economy and transactions currently in operation. Ethereum provides, using the infrastructure and technology of ERC20, the creation of digital personalized coins from token publishing that allow supporting entrepreneurial projects. Token sales allow the company to collect the necessary economic resources for project development where the token itself will play a key role. Token in this sense allows the possibility of new technologies that offer innovative services.
KNOX's goal is to achieve, by utilizing blockchain, the decentralization of the entire insurance system. Decentralization means the transformation of traditional insurance policies from paper into smart contracts.
How does InsCoin work?
This new project is being developed and used for the Knox ICO Project. And the whole project was developed to help improve customer relationships with total and full transparency. There is a lot going on with the new company, and there is quite a lot of information on the company website. Not only that, but the information on the website is broken down into different sections, everything is easy to navigate and gives you everything you need to learn about coins.
InsCoin Token Details
InsCoin is a fairly popular project that has a total amount of more than fifty thousand members in the Telegram group. The total amount of coins that the project will have is 500 million, of which 54 percent will be made available for sale. If coins are not sold during the sale, InsCoin chooses to burn the unsold coins. For more details about the token, more information about the project can be found below. In addition, it's of course also advisable to view the website and read the whitepaper for further information.
| Token | Details |
|---|---|
| Token Abbreviation | NSC |
| Token Price | 0.0002 ETH |
| Platform | Ethereum |
| Soft Cap | 4000 Ethereum |
| Hard Cap | 39,444 Ethereum |
Tokens sold - 270,000,000 Unallocated tokens will be burned after the ICO ends
#crypto #cryptocurrency #decentralized #ethereum #insurtech #insurance #company #erc20 #decentralized
For more information about the project and the opportunities to participate, go to the links below:
Website: https://inscoin.co
Whitepaper: 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/INSCoinforKnox/
Reddit: https://www.reddit.com/r/InsCoin/
Steemit: https://steemit.com/@inscoin
ANN: https://bitcointalk.org/index.php?topic=4422850
### MY ACCOUNT
BTT Username: sujonitsmy1
BTT: https://bitcointalk.org/index.php?action=profile;u=2175763
Twitter: https://twitter.com/sujonitsmy1
Facebook: https://www.facebook.com/onnoalok
ETH: 0xEF872356BA58109aCad2A38BCf6b0d445e146f53
A very interesting project with an interesting idea! The insurance company on the blockchain. thanks to the author, very well explained.
Good news brother. Interesting project.
This is a good company. I am Waiting for good results from this intellectual project.