Kriptoks

Nsure is an open insurance platform that aims to revolutionize the insurance industry by utilizing the power of Open Finance. The project is based on the concept of Lloyd's London, which is a marketplace for trading insurance risks, where premiums are determined by a dynamic pricing model. Nsure aims to implement a similar model, with the added benefits of blockchain technology.

The platform will use a capital mining mechanism to secure the capital required to back the risks at any given time. This will ensure that the platform is always well-funded and capable of handling any claims that may arise. With Nsure, users will be able to purchase insurance policies that are tailored to their specific needs and risks.

Nsure will also employ a 3-phase crowd voting mechanism to ensure that every claim is handled professionally. This mechanism will involve a group of trusted and knowledgeable individuals who will assess each claim and vote on its validity. This ensures that every claim is thoroughly reviewed and assessed before any payouts are made.

The platform's use of blockchain technology ensures that all insurance policies and claims are transparent and secure. Users can trust that their data and transactions are protected, and that their insurance policies are being managed in a decentralized and unbiased manner. The platform's transparency also allows for greater accountability and trust between users and insurers.

Overall, Nsure is an innovative platform that has the potential to disrupt the insurance industry by offering a more efficient, transparent, and user-friendly way of purchasing and managing insurance policies. With its focus on Open Finance and blockchain technology, Nsure is well-positioned to become a major player in the insurance industry in the years to come.