INTRODUCTION:
GLOBAL RISK EXCHANGE (GRE) is a company that provides blockchain solutions for commercial risks for individuals and corporations. They provide tools for managing risks based on Blockchain technology. Intelligent contract-based risk protection and processing take place on the platform. A market will be established for people and institutions that can sell the risks of the desired buyer. Global Risk Exchange is a blockchain-enabled decentralized risk market and public chain, which helps companies, individuals, and organizations to freely transfer, hedge, and trade their risks.Blockchain technology enables the insurance industry to fully democratize and risk management of contract design, the choice of the crowd.
GRE intends to establish the groundwork and exchanging platform for risk management industry in the blockchain induced world in the near future, by giving a fundamental confab to the conception of risk events, guessing, exchanging, data collection and augury to decree specific risks. It will enable people and foundations around the world to achieve risk and return equilibrium. It's a platform where risk management policies and exchanges are driven by real demands, where individualized and fragmented risk coverages are made possible, and insurance protections are made agile.
There are three bodies in the platform which are;The insured,The insurer and The designer. The insured category is made up of people who pay premiums and sell the risks on the market. The second category is the insurer who wants to take risks and accept premiums. Designers or contract designers are people who measure individual risks and design contracts.
The platform has many benefits, such as maximizing order efficiency and removing information asymmetry, removing third parties and intermediaries such as market-based risk appraisal and pricing. The GRE Foundation is an independent organization that oversees the technical development of the platform. RISK Token is used for various purposes such as platform operation and settlement.The use of the smart contracts in the GRE platform, ensures that all the transactions carried out within the ecosystem is safe and transparent. The smart contracts does the work of middlemen in the traditional system. The GRE platform ensure that all transactions, users data are highly secured.
The GRE token
The GRE platform has a token named RISK. The RISK token is the major means of exchange in the GRE ecosystem. The token enable individuals and companies to carry out transactions without hassle.
Conclusion.
The decisions we make financially is also filled with many risks. But, that is the part of the equation. Because there are no rewards without risk. For managing risks in our life, we utilize the insurance products. These acts as a life savior in many difficult situations of our life. The individual investors lean on the insurance products while institutional investors find derivatives market to be suitable to cover their risks. Trading risks for people will be decentralized and much easier to record with the application of blockchain technology. The application will be beneficial for insurance as well as the derivate market.
TEAM/ADVISORS:
USEFUL LINKS
Endeavor to check the links below to know more about this life changing project. Follow on social media for updates.
Official Website：https://www.gref.io/
Whitepaper: https://shimo.im/docs/z3hxFLzpYVgxj1SB
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3178591.0
Github：https://github.com/gre-foundation
Telegram：https://t.me/GREF_EN
Twitter: https://twitter.com/GRE_RISK
Facebook：https://www.facebook.com/GRE-Foundation-2080066572230352/
Medium: https://medium.com/@foundation.gre
Writer's bitcointalk username : Elvisdika1
Writer's bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1774566