Blog: INSCOIN KNOX PROJECT: A Blockchain based Insurance Company

The KNOX project will be the first insurance company to unite the real world with the digital world using Blockchain technology, creating the most effective and complex structure in this sector to find solutions for certification and anti-counterfeit insurance policies. This will be the first release of insurance policies in the form of smart contracts and traditional paper.
Decentralization of the insurance industry must begin before this. This will see the chips of each side on the table without any greed. The KNOX platform offers a favorable environment in which the terms are agreed upon, and each party meets the conditions set forth in it. The KNOX platform, based on high-performance blockchain technology, has high transparency. There are no fraudulent transactions, unpaid premiums and common problems observed in currently sold insurance services.
Applying a lock to this problem means that insurance contracts and consumer personal data can be stored in a distributed book, and consumers control who has access. Data remains on the user's personal device, and this can eliminate the need for brokers and other intermediaries who act as intermediaries between insurance companies and consumers. Blockchain not only offers the promise of reducing costs and efficiency, but can also contribute to revenue growth, as insurance companies attract new businesses through high-quality services.
Blockchain technology can help the wholesale insurance sector to more effectively fulfill its role in supporting the global economy. Just as purposefulness is persecuted as a force for positive changes in other areas of society - from identification to refugees to better public services - it can also help wholesale insurance perform its duties for the common good.
When using smart contracts, the distribution of counterfeit insurance policies is excluded, since this is the same system that issues them when they receive a payment.
With the help of smart contracts, the company will not delay collection of loans, since the policy is issued only after receiving the payment. This factor is aimed at improving the management of the company.
With clever contracts in the event of an accident, the real judges who decide whether to pay them or not are no longer a company that can have opportunistic behavior, and the chain system, which is absolutely not interested in the person's opinion, will decide whether the accident is in compliance with the policy.
This advantage will be the most important, as this will increase the transparency of the company to customers.
The INSCOIN project intends to use among the many available block chain Ethereum, which currently represents the largest number of real-world cases of use, as well as the economies of service and transactions that are currently operating. Ethereum provides, using the infrastructure and technology of ERC20, the creation of digital personalized coins from the publication of tokens, which allow supporting entrepreneurial projects. Token sales allow the company to collect the necessary economic resources to develop a project, where the token itself will play a key role. Token in this sense makes it possible to use new technologies that offer innovative services.

Info token
Token -platformsINSC - Type Ethereum - ERC20PreICO pris - 1 INSC = 0.0002 ETHPris i ICO - 1 INSC = 0.0002 ETHPre-ICO starter - 23. juni 2018Pre-ICO slutter - July 7, 2018
Bonus - Available
Investeringoplysninger
Minimum investment0.1 ETHAccept - ETHDistributed in ICO -Soft cover 54% - SoftHard ETH 4000 - 39.444 ETH
Tokens for sale - 270 000 000Unused tokens will be burned after the end of the ICO.
INSCOIN signs are a fundamental part of our project. Thanks to this, customers can pay insurance premiums and gain access to maximum authenticity in the policy and receive them in the form of smart contracts.
The supply of Inscoin is 500,000,000 and is distributed as follows:
54% of the sale of the token15% of blocked reserves (wholesale broker)10% team and advisors9% Reserved spread on three insurance companies (blocked for three months and 10% monthly issue)10% Broker Network partnership, legal and insurance consulting2% program and Bounty program