for Knox Project is an insurance company which is based in Italy, and it is the world’s first insurance company to tap into the real world, i.e., in different kinds of transactions and other things using or you can say with the help of the Blockchain technology, in order to keep the security in each and every transaction through the wallet.
Now, come to the Blockchain technology, we also know about it, it was born, or you can say originated from Bitcoin in 2008 and in order to increase the number of crypto currencies, for allowing the development of dis-intermediate and decentralized new generation services it is being widely used nowadays. In its public implementation and integration, Blockchain solves the core and fundamental problem of developing the network and trust without any permission, where the participants are able to consider the valid transactions, and possibly that is why related to certification, so literally thanks to the approval mechanisms which are created by the incentive system and disincentives among all the parties and participants involved. One of the most fundamental and important technological applications of Blockchain, is the Uncertified document certification, as the document which is certified in Blockchain can never be falsified.
The rapid development of technology and the progress era, creating the basic offers of insurance that are left behind with the latest and newest technologies. The digital world is being filled with several numbers of applications and media since 2010, and that’s not the only thing even in that year also the digital currency was emerging, which are known to us as the Crypto currency.
As the crypto currency has known by few of the whole world’s population and entered the digital age, especially for those which are familiar with the color of digital world, therefore, things like this do not make them feel odd and strange, even there are a lot of them who truly agree in the advancement of this crypto currency. InsCoin, which is one of the insurance companies that merges with the newest technology today known as Blockchain-based technology, is one of them.
Hence, by integrating Blockchain technology or you can say by Blockchain network integration in InsCoin, InsCoin tries hard for how its services in the form of insurance can be made acceptable and safe by the community. In every transaction, InsCoin for Knox project itself uses Ethereum, because the technology used by Ethereum is ERC20 technology, every transaction from one to another wallet using a security code on the token owned can be recognized by it.
On the internal platform of Knox, some part of the certification of authenticity of the policies will be carried out, and some of it will be carried out on the Blockchain of Ethereum. While keeping in mind the privacy rights of the contracting parties a smart contract will be issued at the end of the certification process which merges the coverage and authenticity of the policy.
Website : https://inscoin.co
Whitepaper : https://inscoin.co/assets/content/whitepaper_en.pdf
Telegram: https://t.me/inscoinico
Twitter: https://twitter.com/inscoinforknox
Reddit: https://www.reddit.com/r/InsCoin
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