Dear friends, I welcome everyone on my blog! Today I will talk about a very exciting project. We will discuss how socratus is implementing blockchain technologies in a decentralized industry, and we will also talk in detail about the details of the ICO.
What is Socratus?
Socratus is a complete insurance ecosystem, uniting all players under indisputable win-win rules and turning the insurance market into a fairplay:
- Transparent deals
- Instant claim payment
- Friendly prices
Socratus is a complex of front-end & back-end solutions developed together with insurance companies, financial institutions and data providers.
We create a digital platform with instant claim payment products for insurance companies (white label) & fully digital insurance company for consumers.
How it works: Socratus Instant Claim Payment
- Customer buys policy in Insurance company or agents. Smart-contract starts to work.
- With the first Policy customer gets login and password to access his profile.
- Customer informs insurance company about accident through its web site or application
- Smart-contract gives the signal to Oracle to check the accident. Oracles turns to verified data provider.
- In case of confirmation of the accident Smart-contract sends the signal to send money to the costomer.
- Smart-contract executes the payment. Smart-contract is closed.
Socratus ecosystem will implement the distributed ledger technology for letting the business operations be more cost and time effective.
The use of blockchain technology in Socratus:
- Insurance smart contract deployment for instant claim payment — will reduce operating expenses.
- Providing trust and transparency of insurance operations for the company’s customers — will provide a base for a justified reduction or increase in the insurance tariff for the community.
- Participation of community members in the development of the Socratus ecosystem — will appoint undisputable rating to every member of community.
- Insurance policy management — will decrease time, cost and increase trust.
- Claims management (registration/ confirmation/ decision-making/ payment) — will decrease time, cost and increase trust.
- Referral system participation by community members — will realize undisputable remuneration for a member involved.
- Interaction of the process participants in the exchange of documents necessary for insurance operations — will decrease time, cost and increase trust.
Detail Socratus Token Sale :
SUPPLAY TOKEN : 2.000.000.000
TOKEN SYMBOL : SCR
1 SCR = 0.1 $
SOFTCAP = $ 5 Millions
HARDCAP = $125 Millions
Road Map
conclusions
The insurance segment has long needed modernization, now intellectual contracts will become a guarantee of security and speed of execution of transactions. Socratus is a truly unique and special project on the blockbuster.
For more information, please visit the link below:
Author: safazara
Website : http://socratus.io/
Whitepaper : http://socratus.io/wp/
Facebook : https://www.facebook.com/socratus.io/
Twitter : https://twitter.com/socratus_io
Telegram: https://t.me/socratus_official
Ann Thread : https://bitcointalk.org/index.php?topic=4134975.0
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1783327
mytherwallet: 0xb7cA53C6b42E6B8a5bEFA6d3C4B24Bf8ce6c82bD