At present, the field of risk management is characterized by many different issues, because it is very expensive to participate. First, there is a very high barrier to entry. Another issue for the industry is the high cost of the channel. Intermediate charging a large sum of money for services is detrimental to the current value chain. This makes the cost of hedging quite high.
There is also a problem of product design focus. Most of the products in the risk market are designed similarly. This is usually very good for mass distribution. However, those with a single risk profile tend to stand on the sidelines. Therefore, these risk management products do not work optimally.
GRE - A platform is a global open-source risk-exchange market designed to help individuals and organizations and corporations simplify and optimize access to transactional and manage their risk!
The developers of GRE completely and completely decide to restructure the established system and change the traditional risk management tools, such as insurance or derivatives / trees! To change the pro-hierarchy! And to become, so the basic ecosystem, the basic foundation, in the field of financial operations support for insurance, and so the contract tree, use for this block!
Another issue to consider is the security of user data. In the traditional insurance market, the insured person must submit various personal documents. These data are stored on the central server and are prone to abuse and theft. Also, there is a problem of opacity in the OTC derivative market. This opacity in risk calculation leads to risk distortions and therefore low cost to buyers.
There is also the issue of a tedious and complex approval process. Claims, made by consumers, usually take weeks or months to process. This is due to the fact that most insurance companies have not updated the verification process. In addition, the transfer of money through the bank is also quite slow.
Blockchain technology redefines the derivative market:
Arranges articulation and retains hierarchical records
All derivative contracts are settled by a blockchain with a timestamp, making it fake and transparent and verfiable for all market participants.
Positive market deals to reinforce personal information and create market consensus on risk
Take advantage of the global market liquidity to strengthen personal information and market consensus.
Smart contracts guarantee payment and eliminate counterparty risk
Any risk management contract will block the token provided by all market participants and will redistribute it under the final oracle judgment, thus eliminating counter-regulatory risk.
Global market and liquidity
Blockchain is not bound by countries and is open to any individual or entity worldwide. All risks can be traded on blockchain and leverage.
Which platform does this user target:
Insured persons, or corporations that in our real world have interest and want to buy a risk management contract for, to hedge their own risk!
Contract designers - they will be able to create unique smart contracts, and present to the community their knowledge, experience and skills in the field of financial risk management! Thanks to their knowledge and work, they will be able to make money from these contracts, receive commissions from transactions when dealing with your contract! Their ability to pay will be checked directly by the GRE community!
Well, finally, directly, insurance companies - this group of users are usually insurance companies and reinsurers, as well as insurance investors! They will receive premiums to manage the risks under the contracts that have been transferred to them under the responsibility!
Information Global Risk Exchange ICO
Notification Icon: Risk
The price of the token: 1 ETH = 100,000 RISK
Total number of problems: 10,000,000,000 RISKS
Blocking time: None
Soft cap: 2.000 ETH
Hard cap: 20.000 ETH
Getting Started: May 20, 2018
Ends: June 20, 2018
Team - Development Team:
The team only collects experienced staff who go to their goals and know all the pitfalls. Therefore, the investment in this project is now safe. The following image shows the main staff of the Global Risk Exchange:
Summary: Risk is an inherent part of financial life. Future winners will be those who have the ability to manage risk by using the tools provided on the platform. The future is a blockade and decentralization technology. What do you think about the services provided by this platform? Are we ready to trade our risk?
To view detailed information you can visit at:
Website: https://www.gref.io/
Twitter: https://twitter.com/GRE_RISK
Facebook: https://www.facebook.com/GRE-Foundation-2080066572230352/
Github: https://github.com/gre-foundation
ANN thread: https://bitcointalk.org/index.php?topic=3178591.0
Telegram: https://t.me/GREF_EN
Blog: https://medium.com/series/aa50bbc44814
Author: https://bitcointalk.org/index.php?action=profile;u=1287832
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