InsCoin for Knox Project (INSC)

The KNOX project would be the very first insurance company that merges the genuine world with the electronic one using Blockchain tech, creating the a efficient and advanced level framework in the sector, to get a solution to the problem of official certification and anti-forgery of insurance coverage policies. With the smart contract the spread of false insurance coverage policies is avoided because it’s the exact same system that issues them after getting the payment. With the smart contract the organization won't have delay in gathering credits, as the insurance policy is issued only after getting the payment. This factor aims to significantly improve the handling of the company itself. With the smart agreement in the event of accidents the real judge who’ll determine whether to cover them isn’t any much longer the organization, which could need an opportunistic behavior, but the blockchain system that, in a totally disinterested by the human opinion, will decide if this accident is compliant with all the conditions in the policy. This benefit will be the more crucial because it will increase the transparency of the company towards customers.