Quote from: tatangas215 on May 04, 2018, 11:52:25 AM

I belive that lower the cost of insurance services while making the business way more efficient not only for the clients, but for the insurance providers as well. So, Vernams mission should be change the insurance market into a transparent and honest place of integrity and high social values. But how do you plan to use blockchain in your Vernam project?

Really important question, tatangas215!

How and why we'll use blockchain?

Given the lack of transparency and the resulting misinformation, or loss of trust between end customers, insurance providers, and intermediaries, such as brokers and agents, we are confident that the decentralized nature of the blockchain technology will help to recover the lost balance and will provide a platform, driven by shared data and mutual trust, while at the same time the clients may benefit from reducing administrative cost of the insurance products.

The blockchain sub-system of Vernam, is system of inter-related smart contracts.

It has two main purposes:

Create Insurance Smart Contracts as a proof of the issuance of insurance and its details

Transfer a commission back in the form of VRN Tokens

Read detailed description of the implementation of blockchain on the Vernam platform in our whitepaper.

You can read our FAQ posts on our blog. There you'll find answers on everything important about the Vernam project.

Part 1 - The product

Part 2 - The VRN token