The first Blockchain insurance company
The project “KNOX” uses blocking technology, which is beneficial for customers, insurance companies and brokers. Customers have full control over the insurance policy. Through the web and mobile platforms can access all the services of the company and check all policies. A smart contract guarantees the receipt of genuine MTPL policies, since the system will issue them after payment is received. For insurance companies, blocking improves work processes, protects against fraud. Thanks to smart contracts, there will be no delays in collecting premiums, which will significantly improve the company’s cash flow. For brokers, blocking is convenient because there will be an instant check of your administrator’s report and an instant distribution of commissions. With the help of the platform developed by KNOX, the insurance policy will evolve to become fully automated and to prevent any possibility of conflicts between the parties involved. Insurance companies will be established in Lisbon, Bermuda and Dubai and will work according to the world scale. Appropriate licenses will be obtained from the authorities of the three states, allowing for insurance. In early winter of 2018, an internal platform will be introduced, allowing the client to access his policy through a smart contract. The team of this project has already done a great job in 2017. Namely: in May, a business plan for a legal consultation was drafted, in which 150,000 euros were invested, and partnerships were established with more than 300 insurance brokers who are ready to work with companies.
About the InsCoin Project for Knox:
The KNOX Project will be the first insurance company to combine the real world with the digital world using Blockchain technology, and will create the most efficient and sophisticated structure in the sector, to find solutions to certification and anti-counterfeit insurance policies.
Thanks to the platform developed by Knox’s insurance, the policy will evolve into a fully automated and eliminate the possibility of conflict of interest between the parties involved.
Insurance companies will be established in Lisbon, Dubai, and the Bermuda Islands, to enable Knox insurance to operate in various laws and enable token economies on a global scale.
Avoid spreading fake insurance policies because it is the same system that removes them after receiving payment. With smart contracts, the company is not delayed in collecting credits because the policy is only issued after payment is received. This factor is intended to significantly improve the management of the company itself.
The smart contract in the case of an accident is a real judge who decides to pay or no more company, which can have opportunistic behavior, but the chain block system, completely uninterested in the human mind, will decide whether the accident meets the terms of the policy. This benefit will be the most important because it increases the company’s transparency to customers.
The first project in the real world and the digital world:
The KNOX Project will be the first insurance company to combine the real world with digital technology with Blockchain, creating the most efficient and advanced structure in the industry, to find solutions to certification and counterfeiting insurance policies.
Smart contracts avoid spreading fake insurance policies because it is the same system that issues them upon receipt of payment. With smart contracts, the company is not delayed in collecting credits because the policy is only issued after payment is received. This factor is intended to significantly improve the management of the company itself.
Token Allocation and use founds:
- en sales = 54%.
- WholeSaler Broker = 15%.
- Team and Advisors = 10%.
- Network Partnership Brokers = 10%.
- Reserves for 3 companies = 9%.
- Airdrop and Bounty Program = 2%.
- Setting Insurance Company = 60%.
- Platform Development = 20%.
- Marketing = 10%.
- Reserve fund = 10%.
For more information please visit Project by this links :
Username bitcointalk : totoprayogo
Link profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1736270
Ethereum Wallet Address : 0xbbaf4608d26483e6457b245a860db590340f89a2