Peaceful greetings of the universe, this time I will discuss about ICO or project Global Risk Exchange, thanks for taking time to read this article. Sampean Pancen Ngeten (JOSS).
Global Risk Exchange (or “GRE”) is a blockchain based, decentralized and open global risk exchange market, with the purpose of helping people, companies and associations to access and trade and manage their risks.
GRE completely reconstructed conventional risk management tools(insurance and derivative contracts) decentralizedly, and will become the underlying operation system to help insurance and derivative exchanges in the era of blockchain.
GRE plans to construct the infrastructure and exchanging platform for risk management industry in the blockchain driven world in the near future, by giving a fundamental convention to the creation of risk events, estimating, exchanging, data collection and oracles to verdict specific risks.
It will enable people and foundations around the world to achieve risk and return equilibrium. It’s a platform where risk management policies and exchanges are driven by real demands, where individualized and fragmented risk coverages are made possible,and insurance protections are made agile.
GRE influences a blockchain based decentralized trade to help individuals in the hazard administration contract, insurant(party who pay for premium and offer his dangers), insurer(party who get premium and go out on a limb) and contract designer(who measures solitary dangers and plan the agreement), execute and benefit from their own specific data and comprehension of dangers.
The market cost of the hazard contract speaks to the market accord and the keenness of the gathering, which is the best estimation of the hazard at the moment. GRE empowers a generously bigger base of protection restrict suppliers other than standard insurance agencies and reinsurance organizations, which are concentrated, immovably directed and capital escalated.
Those new utmost suppliers can pass on greater liquidity and data to GRE stage and can benefit from GRE by putting it all on the line on various sorts of dangers they comprehend, while affecting the entire hazard to trade showcase more productive by chop chopping down passage hindrance for both insurant and back up plan, boosting liquidity and data stream.
GRE intends to manufacture the infrastucture and trading stage for hazard administration industry in the blockchain driven world sooner rather than later, by giving a basic tradition to the production of hazard occasions, evaluating, trading, data gathering and decision. It will empower individuals and foundations around the globe to accomplish hazard and return balance.
How Blockchain Technology Redefines Insurance Customized
Everybody in the blockchain can appropriate customized protection needs, and influences thesmart contract to organize comparing protection confine, which prompts a really redid protection insurance for everybody.
Deconstruct Insurance Company, Improving Efficiency
Deconstruct a standard protection association into three areas: deals channel, actuarialability to outline protection contracts, and protection restrict. For deals channels, more deals are started by individuals needing protection as opposed to pitching to a get-together of peoplesame thing.
Acturaries in insurance agencies are allowed to disperse their own specific things on the blockchain and let the market figure out which one offers and benefit from trade expenses incured, along these lines bypassing dreary inward underwriting process.
GRE plans to construct the infrastructure and exchanging platform for risk management industry in the blockchain driven world in the near future, by giving a fundamental convention to the creation of risk events, estimating, exchanging, data collection and oracles to verdict specific risks.
It will enable people and foundations around the world to achieve risk and return equilibrium. It’s a platform where risk management policies and exchanges are driven by real demands, where individualized and fragmented risk coverages are made possible,and insurance protections are made agile.
GRE influences a blockchain based decentralized trade to help individuals in the hazard administration contract, insurant(party who pay for premium and offer his dangers), insurer(party who get premium and go out on a limb) and contract designer(who measures solitary dangers and plan the agreement), execute and benefit from their own specific data and comprehension of dangers.
The market cost of the hazard contract speaks to the market accord and the keenness of the gathering, which is the best estimation of the hazard at the moment. GRE empowers a generously bigger base of protection restrict suppliers other than standard insurance agencies and reinsurance organizations, which are concentrated, immovably directed and capital escalated.
Those new utmost suppliers can pass on greater liquidity and data to GRE stage and can benefit from GRE by putting it all on the line on various sorts of dangers they comprehend, while affecting the entire hazard to trade showcase more productive by chop chopping down passage hindrance for both insurant and back up plan, boosting liquidity and data stream.
GRE intends to manufacture the infrastucture and trading stage for hazard administration industry in the blockchain driven world sooner rather than later, by giving a basic tradition to the production of hazard occasions, evaluating, trading, data gathering and decision. It will empower individuals and foundations around the globe to accomplish hazard and return balance.
How Blockchain Technology Redefines Insurance Customized
Everybody in the blockchain can appropriate customized protection needs, and influences thesmart contract to organize comparing protection confine, which prompts a really redid protection insurance for everybody.
Deconstruct Insurance Company, Improving Efficiency
Deconstruct a standard protection association into three areas: deals channel, actuarialability to outline protection contracts, and protection restrict. For deals channels, more deals are started by individuals needing protection as opposed to pitching to a get-together of peoplesame thing.
Acturaries in insurance agencies are allowed to disperse their own specific things on the blockchain and let the market figure out which one offers and benefit from trade expenses incured, along these lines bypassing dreary inward underwriting process.
By empowering any advantages that are fit for giving protection restrict, any individual,company or affiliations can use its hazard esteeming ability to benefit and increasing breaking point regarding particular dangers.
Security and Identity Protection
Individual ID and property data is securely put away on blockchain, and responsibility for data is altogether in the hands of the client. The most ideal approach to see individual data is through a keen contract of distinguishing proof, and only those with private keys can approve others to see their decoded individual data.
Token Economics Incentivize Community to Contribute
All individuals or affiliations adding to the gathering are remunerated with tokens in view of the gathering’s foreordained principles, along these lines giving the gathering individuals enough motivator to take part and to outline whole deal associations with the gathering.
Automative Claim execution by Smart Contract
Claims on the protection contract are normally executed by brilliant contract according to prophet, in this way barring human mediation in the claim procedure. Also, all premiums and breaking point are secured in the shrewd contract in the sorts of token and tokens are appropriated normally by brilliant contracts, dispensing with counter-party dangers.
TOKEN CONCEPT
All hazard administration contract trades on the GRE stage utilize RISK token as trade mediator, and the settlement of the agreements will utilize RISK as well.
Clients in GRE stage will pay trade expenses using RISK token.
Any affiliation or individual can make a hazard administration contract on GRE stage after comunity survey and secure a transation volume based prizes.
The society will remunerate engineers with RISK token in view of their code responsibility.
All individuals and affiliations can share contracts on GRE stage and draw in new clients to exchange hazard mangement contracts and they will get a reward from trade charge gathered from the new clients they welcome.
Trade merchants on GRE stage can RISK as security to issue advertise pegged tokens, for instance, GRE.USD or GRE.CNY. This component resembles the BTS and BITUSD in the Bitshares ecosyetem.
GRE will create a total of 10 billion(10,000,000,000) RISK tokens in light of Ethereum ERC20 standard. GRE Foundation will be considered as the Initiator of all RISK tokens. Users could secures RISK through airdrop and cryptocurrency trades after RISK is released.
RISK is an utility token which may simply be utilized on GRE stage for installment by usersto take an interest in the hazard administration contracts and payout of cases or results as showed by prophets. Distinctive partcipants(insured, guarantor, and contract planner) hold diverse measure of RISK, as showed by their particular necessities.
More Information Visit The Global Risk Exchange Link:
Website : https://www.gref.io/
Whitepaper : https://www.gref.io/gre.whitepaper.en.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=3178591.0
Twitter : https://twitter.com/GRE_RISK
Facebook : https://www.facebook.com/GRE-Foundation-2080066572230352/
Telegram : https://t.me/GREF_EN
Github : https://github.com/gre-foundation
Medium : https://medium.com/series/aa50bbc44814
Security and Identity Protection
Individual ID and property data is securely put away on blockchain, and responsibility for data is altogether in the hands of the client. The most ideal approach to see individual data is through a keen contract of distinguishing proof, and only those with private keys can approve others to see their decoded individual data.
Token Economics Incentivize Community to Contribute
All individuals or affiliations adding to the gathering are remunerated with tokens in view of the gathering’s foreordained principles, along these lines giving the gathering individuals enough motivator to take part and to outline whole deal associations with the gathering.
Automative Claim execution by Smart Contract
Claims on the protection contract are normally executed by brilliant contract according to prophet, in this way barring human mediation in the claim procedure. Also, all premiums and breaking point are secured in the shrewd contract in the sorts of token and tokens are appropriated normally by brilliant contracts, dispensing with counter-party dangers.
TOKEN CONCEPT
All hazard administration contract trades on the GRE stage utilize RISK token as trade mediator, and the settlement of the agreements will utilize RISK as well.
Clients in GRE stage will pay trade expenses using RISK token.
Any affiliation or individual can make a hazard administration contract on GRE stage after comunity survey and secure a transation volume based prizes.
The society will remunerate engineers with RISK token in view of their code responsibility.
All individuals and affiliations can share contracts on GRE stage and draw in new clients to exchange hazard mangement contracts and they will get a reward from trade charge gathered from the new clients they welcome.
Trade merchants on GRE stage can RISK as security to issue advertise pegged tokens, for instance, GRE.USD or GRE.CNY. This component resembles the BTS and BITUSD in the Bitshares ecosyetem.
GRE will create a total of 10 billion(10,000,000,000) RISK tokens in light of Ethereum ERC20 standard. GRE Foundation will be considered as the Initiator of all RISK tokens. Users could secures RISK through airdrop and cryptocurrency trades after RISK is released.
RISK is an utility token which may simply be utilized on GRE stage for installment by usersto take an interest in the hazard administration contracts and payout of cases or results as showed by prophets. Distinctive partcipants(insured, guarantor, and contract planner) hold diverse measure of RISK, as showed by their particular necessities.
Global Risk Exchange is a good ICO program.
Think business is pretty fantastic. It attracts people regularly.
Experienced and skilled cooperation is difficult to achieve.
We can build the ability to achieve goals.
More Information Visit The Global Risk Exchange Link:
Website : https://www.gref.io/
Whitepaper : https://www.gref.io/gre.whitepaper.en.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=3178591.0
Twitter : https://twitter.com/GRE_RISK
Facebook : https://www.facebook.com/GRE-Foundation-2080066572230352/
Telegram : https://t.me/GREF_EN
Github : https://github.com/gre-foundation
Medium : https://medium.com/series/aa50bbc44814
Author : Urang kuceng
My Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1536267
Eth Address : 0x382472b2eEdAF8cC74CfBC8E95001c8dB409002d
My Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1536267
Eth Address : 0x382472b2eEdAF8cC74CfBC8E95001c8dB409002d
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