INSCOIN FOR KNOX

Insurance is one of the oldest industries, and can be seen as representing the growth of the modern business which has come to define societies all over the world. In order to transferring and distributing risk in a monetary economy has been observed in China in the third millennia BC.One of the things that have defined the insurance sector over thousands of years is its ability to adapt its practices to fit with a technological landscape. From contracts written on parchment to websites and big data, the industry has changed rapidly.

Blockchain is the latest technological game changer that leads companies to operate. One important issue that blockchain technology is the underlying principle of 'utmost good faith' in insurance contracts.This principle states that every party entering into an insurance contract has a legal obligation to act with a standard of "honesty greater than that usually required in most commercial contracts ". This means that the insurer is required to trust the people by looking for take out insurance. This differs from other contracts, which the buyer bundles, or the idea that the buyer assumes the risk that the product may fail to meet their expectations.

Applying blockchain to this issue would mean that both the insurance contract and the consumer's personal data could be stored on a distributed ledger, with the consumer being in control of who has access. The data remains stored on the user's personal device and this may eliminate the need for brokers and other intermediaries that have emerged as mediators between insurers and consumers. Not only does the blockchain offer the promise of cost reduction and efficiency, but it could also enable revenue growth, as insurers attract new business through higher-quality service.

Blockchain technologies can help the wholesale insurance sector fulfill its role in underpinning the global economy more effectively. Just as blockchain is being pursued as a force for positive change in other areas of society - from identification for refugees to better public service delivery - it can also help wholesale insurance to discharge its responsibilities for the common good.

The KNOX project will be the first and the most innovative company in the world. With the smart contract the spread of false insurance policies is avoided because it is the same system that issues them after receiving the payment. With the smart contract the company will not have delay in collecting credits, as the policy is issued only after receiving the payment. This factor aims to improve the management of the company itself. With the smart contract 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 select 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.

With the smart contract the spread of false insurance policies is avoided because it is the same system that issues them after receiving the payment.With the smart contract the company will not have delay in collecting credits, as the policy is issued only after receiving the payment. This factor aims to improve the management of the company itself.

Token Information:

• Ticker: INSC
• Type: ERC20
• Total Supply: 500'000'000 INSC
• Tokens for sale: 270'000'000 ISNC
• Exchange rate: 1 ETH = 5'000 INSC
• Soft Cap: 4'000 ETH
• Hard Cap: 39'444 ETH
• Unallocated tokens will be burned after the end of the ICO
• Pre-ICO starts: June 23, 2018P
• re-ICO ends: July 7, 2018
• Pre-sale Price: 1 INSC = 0.0002 ETH
• ICO Price: 1 INSC = 0.0002 ETH
• Accepting: ETHSoft cap: 4000 ETH
• Hard cap: 39444 ETH
• Bonuses: Up to 30%
• ICO starts: July 23, 2018
• ICO ends: August 23, 2018

You can also see the second video below to see how the project works from InsCoin:

To get all the latest developments information from this InsCoin Project, you can look directly through the Link below:

• WEBSITE: https://inscoin.co/#home
• WHITEPAPER: https://inscoin.co/documents/Whitepaper-EN.pdf
• FACEBOOK: https://www.facebook.com/Inscoin-for-Knox-1802470656458272
• TWITTER: https://twitter.com/INSCOINforknox
• LINKEDIN: https://www.linkedin.com/company/inscoin-holding-ou/
• REDDIT: https://www.reddit.com/r/InsCoin/
• TELEGRAM: https://t.me/inscoinico
• ANN THREAD: https://bitcointalk.org/index.php?topic=4422850

Author By: Nanknink boy

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1711766

ETH Wallet: 0x0a6df15F096df7EAeC35C1952EeDfD9213Ebb45C