Review on ShineChain by Fabrizio Zampieri
Founded by its CEO Jin Hui, ShineChain has an expert and professional team…
Founded by its CEO Jin Hui, ShineChain has an expert and professional team with a strong industry experience.
ShineChain is a global mutual Insurance Community based on blockchain technology; it's purpose is to redefine the insurance marketplace. Through blockchain technology ShineChain's platform eliminates the chances of insurance fraud, higher cost, inefficient data exchange and lack of privacy.
ShineChain connects customers and insurance providers using blockchain based on smart contacts, and SHE tokens are the unit of exchange for this ecosystem. SHE are used by users, investors and managers. Customers use SHE to pay insurance premiums and gain SHE as compensation for claims.
ShineChain Company plans to initially promote the system in Japan, Korea, Britain, the United States and Dubai.
ShineChain (SHE) is an ERC-20 token based on the Ethereum blockchain. ShineChain has a current supply of 5 billion SHE but there is no info about SHE circulating supply. Low rank (1810) on international crypto platforms.
SHE is tradable on Huobi Global, CoinBene, BCEX and Allcoin exchanges.
Pros
- - Interesting and innovative project (but still young). I'm sure we'll hear about this platform soon. - ShineChain solves some of the issues of the insurance industry globally (high risk of personal accidents, rising incidence of critical illnesses, rising premiums, lack of transparency, frauds, privacy issues). - High level of transparency (all users can check the digital assets in the public insurance account that is stored on the blockchain). - There will be a reward mechanism for reporting dishonesty.
Cons
- - Not yet mature project (launched in 2018). - An incisive marketing campaign is needed to make the project known internationally.
