Review on ShineChain by francis fernandez
affordable insurance premium for everyone
Your income level does not allow you to enjoy an insurance policy? The answer to this question for many people in the world is unfortunately yes.
However; thanks to the democratization of the insurance business using blockchain technology; users can have a digital gateway that connects them to providers of this service to provide affordable options that allow you to enjoy the support of mutual insurance coverage. In this case we are talking about the SHINECHAIN platform.
The incorporation of innovation in the insurance industry in addition to allowing lower costs of policies; makes it easy for users around the world to remotely link to multiple SHINECHAIN blockchain certified providers.
What currency does SHINECHAIN use to manage the platform's insurance operations?
SHINECHAIN has a native currency, called SHE that is hosted on the Ethereum network and from which it inherits all the characteristics of its technological infrastructure.
This includes the use of smart contracts to execute the terms and conditions established in health-care insurance policies globally.
SHINECHAIN also enables the creation of a reliable global network of insurance agents and an open, decentralized marketplace for listing mutual insurance contracts.
And thanks to the use of the SHE cryptocurrency, both insurance service companies and their contractors; they will have full confidence and tranquility for transactions carried out with a safe currency, of an unalterable nature; thanks to the permanent registration of operations in the blockchain and that also allows you to access medical care services with global coverage and low cost.
Pros
- Decentralized operation of the mutual insurance market
- Transparent cryptographic platform for transactions
- Elimination of legal problems for refunds
- Affordable costs of medical-assistance services
- Fast and efficient flow of affiliate data
Cons
- No disadvantages
