the first problem which can be noticed in the cryptocurrency
space today is the problem which can also be seen in any deregulated
market which is the problem of unreliability.
This had led to people making mistakes with their endeavors in the
crypto world. Being that cryptocurrencies are relatively new with not
much information available, people who are not tech savvy and who do not
have the required tech sophistication to play in the crypto sphere also
do lose their money and easily fall prey to scam.
Another problem, also, is the lack of a general marketplace where people
can easily spend their tokens. People who hold cryptocurrencies will
need to convert them to fiat currency before they can be able to spend
it.
People who hold any cryptocurrency also have to go through the challenge
of very high transaction fees which are charged by exchanges to convert
fiat money to any cryptocurrency such as Bitcoin.
The problem of insecurity is also very real with reported cases of hacking and huge loss of funds.
Solutions to the Problems as Proposed by Smart City Eco
To deal with these challenges which have been identified within the
cryptocurrency sphere, Smart City Eco is building a one-stop shop online
economy where users can enjoy all the benefits available in the real
world with fiat money with their cryptocurrency.
The idea is to build a smart city where everything is economically
possible including work and employment. The benefit to be derived
includes high-speed transactions.
The Smart City Eco Roadmap
The journey for the Smart City Eco project started in the first quarter
of 2018 with the creation of the idea and the organization of the
project.
The project roadmap is expected to come to a climax in the first quarter of 2020 with the release of the beta platform.
The Smart City Eco Token
Smart City Eco has developed a utility token using the blockchain waves
platform. The symbol of the Smart City Eco token is SCE. The SCE token
has a total issued token of 10,000,000,000 SCE tokens at a price of
$0.01 (U.S. dollar) per token.
The Smart City Eco Team
The Smart City Eco team is made up of seasoned experts and
professionals. The team is led by Slobodan Culum who is the idea creator
and CEO. Other team members include the CTO Sasa Dobo and the COO
Aleksandar Vucenic. The team is proposed to expand after the Initial
Coin Offering (ICO).
SKYFchain is the first B2R (Business-to-Robots) blockchain based
operating platform. This private blockchain system provides independent
secure data-exchange and payment channels for a total support of robot –
centric logistics. The –
SKYFChain Operating Platform will based on private blockhain. It will
use ERC20 compatible protocol for SKYFT tokens and build payment
channels for exchange transactions. SKYFchain is unique because it will
be designed to exclude the human as an intermediary and it will have
access to confirmed clients of the first industrial heavy duty cargo
drone – the SKYF drone, which is already flying. Technically, the main
purpose of the SKYFchain is to integrate critical information for all
market participants and organize execution of smart-contracts for
transactions. SKYFchain aims to create the whole new industry of
airborne cargo drones and later invite groundborne and sea-borne cargo
robots for the new business opportunities.
How Skyfchain Work ?
SKYFchain project only have the fixed number of token , and every of
their transaction will have to use SKYFT to activate . if anyone want
to make transaction with Skyfchain , and do not have SKYFT , they can
pay fiat ( USD ) money through its smart contract ,Skyfchain will use
that money to buy SKYFT and use those token to operate transaction.
What is Skyfchain Roadmap ?
From 2014-2017 : They design and manufacture SKYF cargo drones
attracted $5M; they test successfully aerodynamic technology and fully
autonomous flights Q4 2017
From 2018-2019 : They develop the private blockchain; create of the
international legal structure; sales of first SKYF drones and expansion
of the partner network to the regions without strict regulation of cargo
drones flights (CIS, Asia, Africa)
From 2020 – 2012 : They make plan to rapidly growth SKYF drone sales;
inclusion of third-party drones data into SKYF-chain; lobby for new
regulations in developed markets
From 2023 – 2025 : They connect ground and sea cargo robots into the system; passenger drones to follow
This project is still in ICO saletime , this is a great chance for
you to invest in SKYFchain before it is too late , next time i will so
you about the token sale information and distribution . Hope you guys
enjoy and satisfy with me review , do not forget to like and follow my
channel . Thanks for reading .
Some link related to project :
Website : https://www.skyfchain.io/
Whitepaper : https://fpivc.box.com/v/SKYFchainWhitePaper
Author: alucard69
Blockchain is the latest technological game changer to enter the
picture, and many are predicting that distributed ledgers could have
profound effects on the way that insurance companies are able to
operate. One important issue that blockchain technology seems tailor
made to address 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 that they
are being told the truth by the person looking to take out insurance.
This differs from other contracts, which are usually based on the
principle of ‘let the buyer beware’, 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
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 insurance company that merges the
real world with the digital one using Blockchain technology, creating
the most efficient and advanced structure in the sector, to find a
solution to the problem of certification and anti-forgery of insurance
policies. 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 won’t have
delay in collecting credits, as the policy is issued only after
receiving the payment. This factor aims to significantly 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 decide 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.
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
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 insurance company that merges the
real world with the digital one using Blockchain technology, creating
the most efficient and advanced structure in the sector, to find a
solution to the problem of certification and anti-forgery of insurance
policies. 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 won’t have
delay in collecting credits, as the policy is issued only after
receiving the payment. This factor aims to significantly 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 decide 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 won’t have delay in
collecting credits, as the policy is issued only after receiving the
payment. This factor aims to significantly 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 decide 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.
LibertyLance
is a self regulating and decentralized gig-based marketplace designed
for freelancers and clients to transact in the quickest and most
transparent fashion through smart contracts. It is a revolutionary
freelancing platform that uses the power of blockchain technology
solving many underlying issues present in the traditional marketplaces.
Using smart contracts, the platform eliminates any possibility of a
central authority, non-payment and undeserving reviews on the platform.
Mission
LibertyLance
is going to become the first ever decentralized self regulatory gig
based marketplace based on the Ethereum blockchain using smart contracts
to facilitatethe process between the client and the freelancer
Vision
Vision
of LibertyLance is to make this platform a very easy to use ,
transparent and a trustless platform using the blockchain technology for
itsusers.
Process
The
process begins by client selecting from a wide range of gigs submitted
by the freelancers, after finalizing and paying for a particular gig,
smart contract will be initiated and a 2 % fee + gig amount is going to
charged from the client that is to be held in escrow by the smart
contract. Below is a graphical representation of the complete process
involved in the transaction between the two parties.
Ethereum Market Growth
Ethereum
continues to make waves on the cryptocurrency landscape, with
developers introducing new applications that take advantage of its smart
contract and crowd sale capabilities. The Ether’s market cap has soared
above $ 100 billion recently.
Ethereum Based Platforms
Ethereum
allows users to create new types of decentralized applications.
Ethereum enables users to design and issue their own cryptocurrency.
Users can build a token with a fixed supply, users can kick start a
project with a trustless crowdsale. Users can create a contract to hold a
contributor’s money until a certain goal or date is reached.
The
funds can be released to the project owners or returned to the
contributors, all without a centralized clearing house or arbitrator.
Users can build a crowdfund to presell a product, build a crowdsale to
sell virtual shares in a blockchain organization, or create an auction
for a limited number of items.
Market Facts
Ether
(ETH), the native cryptocurrency of the Ethereum network, has
established itself as the second largest cryptocurrency. The combined
‘other cryptocurrency’ category has quadrupled its share of the total
market capitalization from 3% in 2015 to12.5% in December 2017.
Global Cryptocurrency Market Growth
The
cryptocurrency market was valued at around $700 billion in January 2018
and is expected to reach USD 2902.0 billion by 2023, at a CAGR of 5552 %
between 2017 and 2023.
Target Market Description
We target cryptocurrency users/holders contributors freelancers and service seekers around the world.
Hari
ini, saya akan membahas Proyek TokenGo, tentang bagaimana tim yang
menjalankan projek, dan saya juga akan memikirkan secara terperinci
tentang informasi yang kami tunggu-tunggu.
Pengertian TokenGo
Platform TokenGo dengan alamat website https://tokengoplatform.com/
didasarkan pada blockchain, menggunakan solusi paten yang dirancang dan
dikodekan dari nol untuk meningkatkan kecepatan dan pelebaran performa
jaringan. Karena berdasar desainnya konsep teknologi TokenGo menyediakan
kemudahan integrasi antara aplikasi mobile atau web dengan
fungsi-fungsi blockchain melalui TokenGo API yang sederhana.
Desain Platform
Platform TokenGo didasarkan pada blockchain dan menggunakan solusi
proprietary yang dirancang dan dikodekan dari nol untuk meningkatkan
kecepatan dan kinerja penskalaan pada jaringan. Karena desainnya, konsep
teknologi TokenGo memudahkan integrasi aplikasi mobile atau web dengan
fungsi blockchain melalui TokenGo API sederhana. Berikut ini contoh
desain platform TokenGO:
Contoh Arsitektur TokenGo:
Setiap
node jaringan berisi gateway API, yang memungkinkan Anda terhubung
dengan cepat dan mudah ke aplikasi manapun ke blokir jaringan TokenGo.
Ini memudahkan pengembangan aplikasi mobile dan web dalam bahasa
pemprograman apapun.
ROAD MAP PLATFORM TOKENGO
Penawaran Koin Awal
Originator
perusahaan ICO dapat membuat token mereka sendiri, yang memungkinkan
investor mengurangi waktu untuk mencapai likuiditas dan profitabilitas,
berbeda dengan kemampuan saham saat ini.
Amankan Voting
TokenGo
memastikan keamanan suara. Suara tidak bisa dimodifikasi. Kerahasiaan
dipertahankan dengan menggunakan enkripsi. Suara dihitung seketika.
Penciptaan mata uang kripto
Platform
TokenGo memungkinkan Anda untuk menciptakan kripto kognitif Anda
sendiri tanpa pemrograman yang canggih. Anda akan dapat mengatur semua
parameter yang diperlukan untuk emisi koin dan menentukan apakah biaya
komisi akan dikenakan untuk transaksi.
Pembayaran Keuangan
Perusahaan dengan layanan keuangan dapat memanfaatkan platform TokenGo untuk pembayaran dan transfer instan ke seluruh dunia.
Widget Voting
Setiap
peserta platform dan pemegang token GoPower akan dapat memasang widget
pemungutan suara khusus di situs web mereka untuk menarik pengunjung dan
mendapatkan penghasilan tambahan.
Kepemilikan Token
Penggunaan
platform TokenGo untuk pendaftaran kepemilikan token akan memungkinkan
perusahaan mengidentifikasi semua pemegang token sekarang dan
sebelumnya, serta keseluruhan riwayat transfer token (penjualan) dari
satu pemegang ke pemegang lainnya bila diperlukan.
Akuntansi Otomatis
Semua
transaksi dan dokumen dalam tolok ukur TokenGo terus disimpan dan tetap
tidak berubah, memastikan transparansi lengkap dari transaksi keuangan,
kontrak atau entri lainnya. Ini memudahkan otomatisasi kerja akuntansi
secara real-time.
Otentikasi
Platform
TokenGo menawarkan solusi untuk berbagai masalah yang terkait dengan
identifikasi digital dan memungkinkan autentikasi yang tak terbantahkan,
tidak berubah dan aman.
Penerbitan Sertifikat
Bagaimana
Anda bisa menunjukkan bahwa layanan yang Anda tawarkan dapat diandalkan
dan aman? Platform TokenGo dapat digunakan untuk membuat sertifikat
profesional untuk akuntan, penyedia layanan kesehatan, pialang, agen
asuransi, dll.
TokenGo Ekosistem
Ekosistem
TokenGo memastikan kedekatan keseluruhan proses ekonomi dan sosial dan
memenuhi semua persyaratan masa kini yang telah disebutkan di atas agar
berhasil dan memungkinkan pesertanya memperoleh penghasilan.
Omnitude is a blockchain smart platform
that connects blockchain technologies, eCommerce platforms and
enterprise systems involved in building end-to-end supply chains.
Utilising Omnitude as an integration layer between existing systems
enables rapid deployment of blockchain technology without the need to
replace current systems.
The Omnitude platform will itself be open
and transparent, enabling anyone to design and build Omnitude
applications to integrate with existing solutions in eCommerce, supply
chain and enterprise System.
Our Core Features
Hyperledger
Any
entity participating in eCommerce (e.g. merchant, customer, supplier,
courier, affiliate/referrer, or Omnitude specialist) will be able to
join the Omnitude ecosystem. They will be granted an OID by the Omnitude
Foundation and will run a full or partial node. Depending on their
role, the Omnitude Foundation will assign the appropriate level of
access required to transact in the ecosystem.
Identity and auditability
The
Omnitude Foundation will manage user OIDs and authenticate all
participants on the network. It will be possible to use access control
lists to provide further layers of permission through authorization of
specific network operations.
Private transactions and confidential contracts
transaction
patterns can be observed and interpreted, shared ledgers risk
disclosing confidential details about business relationships that should
not be revealed to competitors. Even a given participant’s relative
volume of trade is commercial information that should not be revealed by
a system supporting trade between parties.
Benefit of Omnitude :
Open
Any
entity participating in eCommerce (e.g. merchant, customer, supplier,
courier, affiliate/referrer, or Omnitude specialist) will be able to
join the Omnitude ecosystem. They will be granted an OID by the Omnitude
Foundation and will run a full or partial node. Depending on their
role, the Omnitude Foundation will assign the appropriate level of
access required to transact in the ecosystem.
Secure
Additionally,
Omnitude will prevent unauthorised parties from ascertaining the
identity and patterns of behaviour of any other participant by
inspecting the ledger. Omnitude will allow ecosystem participants to
make certain details of a transaction confidential, so that they cannot
be accessed by anyone other than the stakeholders in the transaction.
Transparent
Omnitude
will provide deep searchability, backwards in time through many
transaction layers, to fulfil the requirements of retrieving data stored
on its blockchain.
Omnitude is a
revolutionary project to develop connectivity among blockchain
technologies and eCommerce platforms & enterprise systems. The
Omnitude platform will performance as middleware, enabling simple
integration of blockchain technology into current systems and in doing
so, transforming their capabilities. It will do this in two stages.
The
first stage of Omnitude will launch the Omnitude platform, this will
enable connectivity among various technologies and platforms and permits
them to take advantage of blockchain technology rapidly and
efficiently.
For
the period of the second stage, both the community and the Omnitude
team will build Omnitude apps to solve specific use cases. There are
already numerous Omnitude Apps designed for launch that are detailed in
the use cases section.
Omnitude
will create the online retail marketplace more transparent, more
profitable and more secure. Omnitude is a blockchain smart platform that
connects blockchain technologies, eCommerce platforms and enterprise
systems involved in building end-to-end supply chains. Using Omnitude as
an integration layer among existing systems enables rapid deployment of
blockchain technology without the need to replace current systems.
Omnitude allows businesses to solve problems in ways that were not
previously possible, without the rise of blockchain technology.
Omnitude Ecosystem :
Omnitude
will be built on top of Hyperledger, the open source, global,
collaborative project hosted by The Linux Foundation. Hyperledger is a
permissioned blockchain protocol which enables business-to-consumer and
business-to-business transactions.
The Hyperledger architecture
provides core blockchain services, on which the Omnitude ecosystem is
built. The Omnitude ecosystem will be made up of a variety of entities,
including those mentioned above (i.e. merchants, customers, suppliers,
couriers
ECOM token :
An ECOM token will be launched
alongside the Omnitude platform. Merchants, customers and suppliers will
require ECOM, crypto currency or FIAT to participate in the Omnitude
ecosystem.
The initial ECOM tokens issued
will be
used to fund the development of the Omnitude platform and ecosystem,
incentivise participants to operate and secure this ecosystem and create
a common settlement method for people to participate in the Omnitude
ecosystem.
Ticker: ECOM
Tokens: 100,000,000 ECOM
Inflation: $0.40 USD/ECOM10
Private pre-sale cost: $0.40 USD/ECOM
Private pre-sale cap: 10 million ECOM (4 million USD)
Token Sale cost: $0.46 USD/ECOM
Token Sale hard cap: 45 million ECOM (20.7 million USD)
Token
sale will require pre-registration with KYC and $50k USD limit per
person.Following 1st round, unsold tokens will be made available to all
those registered with each individual able to purchase another $50k USD
worth of ECOM until sold out. This will repeat until the 5th round at
which point the token sale will end if still not sold out
What is the ECOM token?
An
ECOM token will be launched alongside the Omnitude platform. Merchants,
customers and suppliers will require ECOM, crypto currency or FIAT to
participate in the Omnitude ecosystem. The initial ECOM tokens issued
will be used to fund the development of the Omnitude platform and
ecosystem, incentivize participants to control and secure this ecosystem
and build a common settlement system for people to participate in the
Omnitude ecosystem. If you want to more learn about ECOM token and token
sale please visit https://omnitude.tech/.
Token sale structure & distribution
Token distribution
The 100,000,000 ECOM will be distributed
Tokens for Pre-Sale investors: 5 million ECOM
Tokens for Token Sale investors: 50 million ECOM
Tokens for Omnitude Foundation: 33 million ECOM
Tokens for core team and advisors: 12 million ECOM
Team and advisor tokens are vested based on time with 20% being released each year for 5 years.
Development Proof — of — interaction Cryptocurrency based payment mechanism
Launch Proof Of Concept Q1 2018
ICO
Development Single Identity Single Reputation Shared Product Data
Launch Omnitude 2.0 Q3 2018
Development Decentralization of supply chain and micropayments
Launch Omnitude 3.0 Q4 2018
Omnitude Team
Chris Painter, Founder & CEO
Robert Belgrave, Founder & Advisor
Benjamin Van Every, Blockchain Consultant
James Worthington, Hyperledger Consultant
Ben Bennett, Operations Director
Jon Harris, Brand Director
Lianne Byrne, Marketing Director
Greg Painter, Community Manager
Andrew Starmer, Project Manager Advisory Board
Michael Donald, Advisor
Simon Cocking, Advisor
Antony Welfare, Advisor
Tiago Henriques, Cybersecurity Advisor
Sahil Gupta, Advisor
Blockchain Mob, Advisors Quick Link
Official Website : https://omnitude.tech/
Linkedin : https://www.linkedin.com/company/11320641/
Twitter : https://twitter.com/Omnitudeorg
Facebook : https://fb.me/Omnitude.tech
Telegram :
Reddit : https://www.reddit.com/r/Omnitude/
Medium : https://t.me/joinchat/GvyX0g8PC7_JsyUu0fruUw
Whitepaper V 2.4 : https://files.acrobat.com/a/preview/75fe0af9-d98b-4002-863c-138b43a131ef
Whitepaper V 2.5 : https://files.acrobat.com/a/preview/75fe0af9-d98b-4002-863c-138b43a131ef Author:
My Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1230513
ETH Address : 0x810ac9C8A23B9ED8e15fb30F2bcdA74234b09aea
IQeon is a decentralized gaming PvP platform, which allows
players to earn real (fiat) money on their achievements. IQeon is the
first platform where players can earn money thanks to their intelligence
and achievements. This will be realized by using the internal currency
in the IQeon ecosystem, which at any time can be converted to the
cryptocurrency – IQeon tokens (IQN) issued based on Ethereum blockchain.
IQeon tokens (IQN) can be freely exchanged at existing cryptocurrency
exchanges, or transferred to fiat money . IQeon team develops a flexible
and scalable platform for the rapid launch of new products that allow
players to compete among themselves in a variety of intelligent and
logical tasks, receiving IQeon internal currency for the best result.
Purposes of the project:
Introduction further development of IQeon platform
Creation of IQeon ecosystem
Formation of the audience of engaged platform applications and games users
Formation of partnerships with game developers and game content for the platform
Development of a line of IQ Clash proper games based on the platform.
Fully
supported by Ethereum blockchain, mechanism of smart contracts, on the
basis of which IQeon token is issued, will provide permanence and
reliability of the conditions of each competition (bet), as well as a
guarantee of winning. IQeon platform allows the developer to earn money
from each bet. The platform uses the following system of charges and
rewards: players who want to make a bet or “fight” in one of the games,
place equal bets (for example, 500 IQeon). The amount of bets makes 1000
IQeon, 88% of which comprises a prize fund, that the winner will
receive, and 12% (120 IQeon) is the platform's fee. 50% of the
platform’s fee is paid to the developer as a reward.
https://iqeon.io/Advantages of the platform for developers of games/content
A ready developed infrastructure for the introduction of payments based on the cryptocurrency into its own products.
The use of IQeon tokens is consistent with the App Store Review Guidelines and the Google Play Developer Policy.
Reduction of charges for developer fees withdrawal (from 30% Google Play and Apple Store to 10%).
Additional game audience for your own products.
API that allows quick integration of your products into an existing ecosystem.
SDK for rapid deployment of new applications based on IQeon platform.
Advantages of the platform for players
Genericity: The internal currency IQeon, earned in one game, can be used in another one.
Liquidity: Using your own platform wallet IQeon tokens can be exchanged for fiat money.
Convertibility:
Using multiple cryptocurrency exchanges, IQeon tokens can be exchanged
for any other cryptocurrency (bitcoin, litecoin, ethereum, etc.).
Reliability:
All transactions of IQeon tokens in the ecosystem are of no return,
they are repeatedly recorded in the decentralized transaction register,
and thus are protected from forgery and any types of fraud. The use of
smart contracts ensures that the terms and conditions of each dispute
are recorded and invariable and guarantees payment of the winnings.
Anonymity: IQeon platform allows players to remain anonymous.
Advantages of the platform for investors
Games
and applications for self-development field show rapid growth, and
IQeon platform is the first solution in this area that allows players to
receive income in the form of liquid cryptocurrency.
Developed
partnership system, the involvement of third-party developers in IQeon
ecosystem and expansion of its own product line will lead to a growth in
the audience of users and increase in demand for IQeon token.
These
facts should ensure the growth of the value of IQeon token, which can
be purchased at the lowest price during the Crowdsale period.
TOKEN & ICO IQeon
is not just a platform, but also a whole ecosystem, including
application and content developers, platform partners and millions of
users. The internal economics of the ecosystem cannot exist without its
own currency, the role of which will be performed by IQeon (IQN) token.
Blockchain is the latest technological game changer to enter the
picture, and many are predicting that distributed ledgers could have
profound effects on the way that insurance companies are able to
operate. One important issue that blockchain technology seems tailor
made to address 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 that they
are being told the truth by the person looking to take out insurance.
This differs from other contracts, which are usually based on the
principle of ‘let the buyer beware’, or the idea that the buyer assumes
the risk that the product may fail to meet their expectations.
