Review on SafeInsure by Jorge Hernández

Name: SafeInsure
Item: SafeInsure
Rating: 3

May 02, 2021

Globalizing the insurance market through blockchain

Enjoying an insurance policy both on a personal and business level gives us peace of mind and keeps us warned in case any eventuality arises. However; This is not always possible due to the high cost of insurance premiums and the guarantees they require.
Thanks to the use of blockchain technology, a commercial platform has been developed for the supply and demand of insurance services, known as Safeinsure.
Safeinsure creates an open cryptographic network for the quotation and commercialization of insurance services in exchange for the payment of cryptocurrencies for contracting.
Safeinsure uses SINS as the network's native cryptocurrency; which allows canceling travel policies and executing the trading operations of the platform between insurance providers and policy buyers.
What other properties or uses does SINS have?
 It serves to monetize the services and products offered by the platform
 It is used as a reward currency to the miners of the network
 It is a requirement of those who wish to participate in mining for the management of masternodes
 Serve as endorsement to node owners to access the network's governance system
 They guarantee security to operations by adding additional levels of privacy
 They allow access to a reliable wallet
 They guarantee efficient network performance
 Allow insurance companies to participate in the crypto market
 Provides insurance users access to investment products
 Allows insurers to be part of mining by managing their masternodes and obtaining additional income passively
In short, the democratization of insurance services brings benefits for all; not only because of the globalization of access to them but also because of the reduction of costs and the generation of additional income.
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