GRE(RISK) – Decentralized Platform to Risk Exchange

ishrox (32)in #ico • 6 years ago

This fascinating project call Global Risk Exchange works as a global risk contract marketplace, it is based on blockchain and managed for public chain development process, it supports people, businesses and organizations to freely protect transfers and exchange risks. GRE demonstrates the formation of risk management tools utilizing oracle and smart contract that built on blockchian system. It allows people and organizations to generate businesses and transfer risks to others. Policies and operations for risk management are determined by real requirements. The GRE offers greater insurance opportunities and suppliers rely on traditional insurance companies and reinsurance companies. New provider will convey more liquidity and figures to the ERM platform. This, in fact, provides an unexpected new advantage in GRE, assuming different types of risk.

The Parties who support this platform

The Insured

This set of users is the personalities and companies in the actual world that need to purchase risk management contract to protect from the risks

The Contract Designer

Deliver professional risk management capability for GRE community and also issue risk management agreements subsequently community evaluation and receive fees centered on the contract fees collected from exchange this contract

The Insurer

This commonly the insurance as well as the reinsurance establishments and insurance-linked securities stakeholders and eventually they receive rewards from the risk management contract and take the risk moved to those mentioned parties

What are the problems with outdated Risk Management Market

Central Product Design and Risk Pricing Leads to Similarities

Outmoded insurance policies are intended, estimated as well as sold in a central method. The similar product strategy might not fulfill the expanded risk management requirements of the publics

High Sales and Low Cash Productivity

The outdated model of approved insurance corporate bases much on middle channels and a pyramidal business configuration to uphold the control and causing in high insurance agent organizations charges and operational costs

Low Functioning Productivity

The entire organize structure of insurance corporations is huge and overstuffed and the choice making way will not hold with the always fluctuating market

The Privacy Protection

It’s proven that, there is a comparatively huge risk of the data outflow as well as illegal use of a lot of user’s sensitive private data

How Blockchain System Solves These Matters

The Blockchain platform influences a common distributed ledger to stock operation information, distributing cryptocurency and appliance smart contracts, and the key benefits are,
Decentralized, operation data carved into the block will not be interfered with providing accurate and trustworthy data records
Smart contracts will be mechanically performed without human involvement
All Data is transparent as well as attributable
This technology will formulate insurance and financial products marketplace and developed the fundamental operational structure for the insurance and financial product markets

Token Details

Symbol RISK
Segment Infrastructure
Platform Ethеrеum
Token Type ERC20

Roadmap

The Conclusion

The GRE fundamental system is developed on a ореn ѕоurсе computer mechanism, everyone holds the соруright of this amazing property to the source соdе, Hence and anybody can rightfully utilize the GRE platform соdе and develop any kind of good protocols, software systems and design a platform to compete with this fascinating platform