In the financial world, Risk has been discovered to be one of the greatest factors that threaten an investor, a company, business firm, or an organization. However, the management of this risks has been an issue of global concern. Before I move further, I'd like to throw more lite on the meaning of Risk Management.
What is Risk Management in the financial world? This is the process of identification, analysis and acceptance or mitigation of uncertainty in investment decisions. Essentially, risk management occurs when an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment and then takes the appropriate action (or inaction) given his investment objectives and risk tolerance.
Also, one can conveniently say that Risk management is the identification, evaluation, and prioritization of risks. Notably, Risk management’s objective is to assure uncertainty does not deflect the endeavor from the business goals. Apparently, it has been observed that Risks can come from various sources including but not limited to uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainable life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of unpredictable root-cause.
In line with this, if all these Risks are not properly managed and the perceived causes totally mitigated, its crystal clear that uncertainty will be very much paramount. As a result, many efforts have been channeled into risk management by different insurance companies but the results obtained are still questionable.
Nevertheless, I've brought a good news to you, a unique project known as "GRE" has been set up using the blockchain technology by a team of professionals who took it upon themselves to research and take risk management beyond the traditional method. This great team has revealed that blockchain method will be the only way to properly, totally and convincingly manage risks with the help of smart contracts.
INFORMATION ABOUT GRE
Global Risk Exchange (or "GRE") is a blockchain based, decentralized global risk contract market and public chain, with the purpose of helping individuals, companies, and organizations to freely hedge, transfer and trade their risks.
GRE has completely reconstructed traditional risk management industry(insurance and derivative markets) in a decentralized way and will become the underlying operating system to support insurance and derivative transactions in the era of the blockchain.
AMAZING FEATURES OF GRE
GRE has come to democratize the creation of risk management tools using blockchain based smart contract and oracles, enabling any individuals and institutions who have risk
management needs to create, trade and shift risks to others who are willing to take on those risks on the blockchain.It’s a platform where risk management policies and transactions are driven by real demands, where individualized and fragmented risk coverages are made possible, and insurance protections are made agile.
Another wonderful feature of GRE is that it leverages a blockchain based decentralized exchange to help participants in the risk management contract: insured(who pay for premium and sell risks), insurer(who receive premium and take on other people's risks) and contract designer(who measures individual risks and design the contract), transact and profit from their own information and understanding of risks.
Also, GRE is set to enable a larger base of insurance capacity providers other than traditional insurance companies and reinsurance companies, which are centralized, tightly regulated and capital intensive. Those new capacity providers can bring more liquidity and information to GRE platform and can profit from GRE by taking on various kinds of risks they understand, while making the whole risk exchange market more efficient and liquid by bringing down the entry barrier for both insured and insurer, maximizing liquidity and information flow.
GRE will build the blockchain infrastructure and trading platform for risk management industry in the blockchain driven world, by providing a public chain, a fundamental protocol for the creation of risk events, pricing, trading, information collection, and verdict. It will enable individuals and institutions around the globe to achieve risk and return equilibrium.
GRE TOKEN
The team behind this project also produced a cryptocurrency utility token symbolized as GRE. This token was produced using the ethereum blockchain, it will be used as a medium of exchange in the GRE community and will also be traded in exchanges for profit reasons.
INFORMATION ON TOKEN ALLOCATION
TEAM MEMBERS
These are the team CONCLUSIONbehind this unique project, with their profiled experiences attached. They are very real and committed to making this project a success.
CONCLUSION
GRE project has come to help us manage our risks by granting us the privilege to freely hedge with Global Risklet'shange (GRE) platform. To that effect, it can only be achieved with our maximum support knowing fully well that a tree cannot make a forest. So jointly let's support the GRE team to actualize this project.
INFORMATION LINKS
Telegram: https://t.me/GREF_EN
Twitter: https://twitter.com/GRE_RISK
Facebook: https://www.facebook.com/GRE-Foundation-2080066572230352/
Website: https://www.gref.io/
Whitepaper: https://shimo.im/docs/z3hxFLzpYVgxj1SB
Medium: https://mediButcom/@foundation.gre
GitHub: https://github.com/gre-foundation
My Bitcointalk profile Url: https://bitcointalk.org/index.php?action=profile;u=2048580
But Ann thread link; https://bitcointalk.org/index.php?topic=3865805.0
Bittcointalk Username: desydollarss