Blockchain can give the power back to the people and can change the way we live. Before the end of the last year we started seeing a great resistance from the governments and systems to regulate one of it’s applications which is “Crypto-Currencies” and even seize it but fortunately no one can stop something coming from the future as it will exist anyway, especially when it provided a solution to the pain of transfer of funds.According to my grandma’s opinion Blockchain is about the transfer of digital assets between individuals, and tokens are used in money laundry and other evil deeds. While my cousin who is a young accountant sees that Blockchain will make revolution in critical industries such as Fintech which will affect everything else. Both opinions can be valid and lacks a lot of depth, as both are talking about 2 applications of this awesome technology. In fact, blockchain will have infinite applications and can allow people manifest their own future without a need to a “Third party” or “Big Brother”, so we need to make sure that correct choice is being made when investing in an ICO as this is seen one of the most important applications of Blockchain , a direct solution to “crowd-funding”. People can now invest in ideas that they believe in, ideas which can make life better, ideas that can fix real pain, conscious ones that really helps humanity in a world ran by corporates, that is why we participated in GRE!
GRE full meaning is-Global Risk Exchange it is a blockchain based, decentralized and open global risk exchange market, with the purpose of helping individuals, companies and organizations to access and trade their risks.Traditional insurance industry has a very long value chain, it begins with insurant,insurance agents, direct insurance, reinsurance and ends with insurance link securities(ILS) investors. But if we stripe all those roles in the value chain away and the insurance or risk management industry's pure purpose is to match two group of people,one group of people seeks to shift risk away from them and are willing to pay premiums to those who could shoulder those risk for them. Those people are called "insurant". The other group of people are willing to take risks that other shift to them in return collect premiums for compensation. Those people are called insurer and they provide capacity for risks. When certain risk happened, insurer has to compensate the insurant with pre- determined amount of money from its capacity; if certain risk did not happen, the insurer booked premiums as their profits.
2.Centralized Oracle development
3.Demo of GRE App development
4.Demo version of App-server development
1.HI editor development
2.Mobile wallet development
3.Official App development
4.Continue GRE-Core and Oracle development
1.Development of Alpha Edition
2.Provide API & SDK
4.GRE test running
1.Basic RDHI library content production
2.KYC related development
4.Complete migration to public chain
5.Formal operation of the GRE primary market
1.Development of secondary market editor
2.Content production of secondary market base
3.Secondary market security audit
4.Complete development of the Alpha version of secondary market
Actuarial master of Boston University, has worked for many years in the United States as actuary.Founder and CEO of OK auto insurance and has extensive influence in the global insurance technology circle.
Morgan Stanley Asia Pacific Investment banking sector TMT industry analyst,investment professional at IDG Capital fintech team, fintech and enterprise service entrepreneurs.
Senior architecture & technical leader at Shanda and Co-founder and CTO of OK auto insurance.
Master of Finance at Fudan University and has 3 years investment experience in start- ups focusing on fintech and healthcare.
International MBA at NEOMA Business School. Experienced director of marketing and public relations with a demonstrated history of working in global Fintech industry. Previously worked as director of marketing and PR at Insur Box Tech, a leading insurtech start-up in China, and a leading futures trading broker in China.
Alberto Pedro Gabriel
Chairman of GRE Foundation,chairman of Argentina's leading local life insurance company CRUZ SUIZA COMPA IA DE SEGUROS S.A.and has three insurance broker licenses in Argentina, Brazil and Uruguay.
Founder and CEO of AXA Asia Research Institute.
Generation of RISK
Initially,GRE will generate a total of 10 billion(10,000,000,000) RISK tokens based on Ethereum ERC20 standard. GRE Foundation will be considered as the initiator of all RISK tokens.Users could acquires RISK through airdrop and cryptocurrency exchanges after RISK is released.
Usage of RISK
RISK is a utility token which may only be used on GRE platform for payment by users to participate in the risk management contracts and payout of claims or results according to oracles. Different partcipants(insured, insurer, and contract designer) hold different amount of RISK,according to their respective requirements.
Conversion of RISK
In consideration of the high transaction costs and long block confirmation time of
Ethereum,GRE will develop its own public chain based on Graphene blockchain tool kit.After the completion of public chain development, all ERC20 standard RISK tokens generated on Ethereum will be recoverted to tokens on GRE's public chain in a 1:1 ratio.
For more information please visit:
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DISCLAIMER:This post was brought to you by Opeyemi being my personal project on GLOBAL RISK EXCHANGE campaign project