Tuyanto: INSCOIN: THE FIRST INSURANCE COMPANY BASED VIA THE BLOCKCHAIN TECHNOLOGY

INTRODUCTION

When you buy insurance, you’re buying a promise. It’s a promise that if something catastrophic happens to your business, your carrier is going to assist you to make your business whole again. Sometimes, though, it’s tempting to question the value of insurance because it is an intangible product.

With the smart contract of the INSCOIN in the event of accidents the real judge who will decide whether or not to pay them is no longer the company, which could have an opportunistic behavior, but the blockchain system that, in a totally disinterested by the human opinion, will decide if this accident is compliant with the provisions in the policy. This benefit will be the most important as it will increase the transparency of the company towards customers.

HOW INSCOIN WORKS

The certification of the authenticity of the policies will be carried out partly on the internal platform of Knox Insurance and partly on the Blockchain of Ethereum.

At the end of the certification process, a smart contract will be issued that combines the authenticity and coverage of the policy while respecting the privacy rights of the contracting parties.

During the Token Sale (Pre-ICO and ICO) there will be Bonus based on investment amount.

TOKEN DISTRIBUTION AND FUNDS ALLOCATION

The INSCOIN Tokens shall be distributed as summarized below as well as the allocation of crowdsales funds allocation:

ROADMAP

The team have already made significant investments and closed important collaborations with market players in the Pre-ICO phase. The in-depth knowledge of the insurance world has enabled the team to draw up this roadmap as accurately as possible.

THE TEAM

INSCOIN TEAM is made up of insurance professionals that can boast more than ten years of experience in insurance companies management and by experts of crypto world.