INSCOIN Blockchain Based Insurance

larrybabs (25)in #steemit • 6 years ago

Insurance is one of the oldest industries, and can be seen as part of the growth of modern business that has come to define the world-wide society. While the insurance in the form we will recognize today begins with the first insurance contract in 1347, methods for transferring and distributing risks in the monetary economy 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 fit the changing technological landscape. From contracts written on parchment to websites and large data, the industry has changed rapidly.

The INSCOIN project aims to upgrade the insurance sector developed with the blockchain system, with basic Ethereum blockchain, which currently presents the largest number of real cases used and the current economic and transaction services in operation. Ethereum makes available, its intrastucture use and ERC20 technology,
creation of digital personal coins from controlled publishing (tokens) that allow for
supporting entrepreneurial projects. Sales of tokens allow companies to
collecting the economic resources needed for development projects where the token itself will play a key role. Tokens in this sense enable new technologies that offer innovative services.

Blockchain technology, creating the most efficient and sophisticated structure in the sector, to find solutions to certification and anti-counterfeiting insurance policy issues. With smart contracts, the spread of fake insurance policies is avoided because it is the same system that issues them upon receipt of payment. With smart contracts, the company will not have any delay in collecting credits, since the policy is issued only after receiving payment. This factor aims to improve the company's management significantly. With a smart contract in the event of an accident, the actual judge who will decide whether or not to pay them is no longer a company, which could have opportunistic behavior, but the blockchain system, in absolutely no interest in human opinion, will decide whether this accident fits with provisions in the policy. This benefit will be the most important because it will increase the company's transparency to customers.

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

With smart contracts in the event of an accident, real judges who will decide whether or not to pay them are no longer a company, which could have opportunistic behavior, but a blockchain system that, in absolutely no interest in human opinion, will decide whether the accident is in accordance with provisions in the policy. This benefit will be the most important because it will increase the company's transparency to customers.

About tokens

Token -
INSC Platform -
Type Ethereum -
Price ERIC20 PreICO - 1 INSC = 0.0002
ICO ETH Price - 1 INSC = 0.0002 ETH
Pre - ICO Start - June 23,
2018 Pre - ICO Termination - July 7, 2018

Bonus - Yes

Investment Information

Minimum investment of 0.1 ETH
Acceptance -
Distribution of ETH ICO - 54%
Soft cover - 4,000 ETH cover
hard - 39,444 ETH

Token for Sale:
270,000,000 unassigned tokens are burned after ICO shutdown.

The INSCOIN token is a fundamental part of our project. This allows the customer to pay premiums and access the maximum authenticity of the policy in the form of intelligent agreements.

The supply of Inscoin is 500 million and will be distributed as follows:

54% Token Sales
15% Reservation Blocked (WholeSaler Broker)
10% Team and Advisors
9% 3 Reserves (3 Months, 10%) to Insurers 10% of
Brokers, Legal Advisor and Insurance Network
2% Associate Professor Airdrop and Bounty program

Roadmap

Realization of research project (March, 2017)
Creation of team
First collaboration network construction

Plan Business Plan (MAY 2017)
Legal Consulting
Investment of 150,000 euros

Platform with IT insurance license (July 2011)
Investment of € 300,000 for certified insurance platform

Insurance Association (OCTOBER 2017) We
are ready to work with your company in partnership with more than 300 insurance brokers.

ICO Plan (February 2018)
ICO Planning and Marketing Plan Development

Advance ICO (June 2018)
Start of PRE-ICO

ICO (July 2018)
Start of ICO

Inscoin in the Pocket (Summer 2018)
InsCoin is quoted from major exchanges to ensure easy implementation to the company's future customers and to ensure sales volume to sales.

Implementation to obtain insurance license (AUTUMN 2018)
We will be authorized to provide legal insurance services from the official authorities of the three countries.

Introducing Internal Platforms (WINTER 2018)
Clients can access policies through intelligent agreements.

Smart contracts in the insurance business (WINTER 2018)
Smarter contracts will become more and more active in the insurance industry.

Team