triple A: Vernam: Revitalizing To Revolutionize the Joint Industry of Insurance through Blockchain

Vernam: Revitalizing To Revolutionize the Joint Industry of Insurance through Blockchain

Despite the big size of the insurance industry there has not been any significant advancement, in the state of affairs over the last few centuries since its inception. The industry has been reported as one of the largest and oldest industries all over the world, estimated to be about 4.73 trillion dollars as at 2016, and growing at the rate of 3% every year.

As much as many other industries across the globe, the insurance companies depend primarily on distribution partners (brokers and agents) to get their products across the end users, and as a reward, these distribution partners value of the insurance policy for an almost negligible added value.

Over the past few decades, there have been technological advancements that have helped to revolutionize the marketing industry, as well as the communication industry, such as that for the service providers, get information on price, features, among other purchase information. Companies and organizations on the other hand have got tools with which they can interact directly with clients and end-users.

Regardless of all these revolutions, the insurance sector is yet behind. In a bid to cause a reformation and digitalize the insurance industry, Vernam was initiated. https://www.vernam.com/

Vernam is the first blockchain-based and most innovative insurance platform with less costly, fully transparent and much more convenient. In addition, Vernam will be releasing a crypto product called "Crypto safe". The VRN (the Vernam token) in the event of a pre-defined negative occurrence.

Taking full advantage of decentralized ledgers and addressing the current inefficiencies in the insurance space is the ultimate goal of Vernam.

Vernam plans to solve;

The lack of pricing transparency

Lack of adequate customer history

The decentralized ledger has great advantages for both the clients and the insurance companies. It can be used to create a tamper-free, permanent record of clients' insurance history, which can be used by insurance companies to optimize their risk assessment. For the clients, it can be the key to bring down their insurance premiums. Ultimately, the Vernam ledger, being a decentralized solution, will take back the about 20% commission brokers amass to the customer, which will lead to the low insurance premiums.

The Vernam platform will have a Public and Private section. The Public section will provide insurance-related information to all and sundry, while the Private section will help customers buy crypto digital and insurance products.

Kindly download the Vernam White Paper at https://www.vernam.com/assets/uploads/Whitepaper_Beta_v015.pdfto learn more about Vernam and its accoutrements.

Vernam will be offering the general public an opportunity to invest and become part and parcel of this revolution in the insurance industry. It intends to achieve his through the Token Sale Event of the Vernam Token (VRN). One billion VRN Tokens will be issued in total, of which 500 million will be made available for the Token sale. Here's the Token Distribution.