Socratus

#KPMG report highlighted some of the most popular cases of blockchain use in the insurance field. ⠀ 👇Here are some of them: ⠀ ✔️Travel and life insurance: Develop a ‘pay as you travel’ insurance model that provides immediate payouts in the event of delays or cancellation. ⠀ ✔️Personal accident insurance: Create a transparent and seamless claims journey that dramatically improves customer satisfaction. ⠀ ✔️Record keeping: Leverage blockchain to create, organize and maintain company records in a single, reliable and accessible repository. ⠀ ✔️Digital identities: Use blockchain data and digital ledgers to digitize and validate customer information and improve compliance. ⠀ ➡️If you want to read more about their study, click here: https://goo.gl/nY5knK ⠀ ➡️Find out how Socratus uses blockchain here: https://goo.gl/wwk6mq ⠀ #Socratus #facts #change #revolutionary #insurance #services #products #blockchain #Token #Tokensale #ethereum #bitcoin #technology #data #platform #Future #Insurtech #Investments

🇬🇧Socratus is getting ready for the London trip ⠀ The preparation for the Blockchain Summit London is well under way! Our team is fully into the development and creation of the content for this conference and exhibition to leave a truly "win-win" impression! ⠀ "Blockchain Summit London is a 2 day conference and exhibition connecting over 2,500 industry leaders, business decision makers, tech innovators and investors." ⠀ ✅At the moment, most of the promotional materials are ready, including our exhibition stand which will be located at D36. If you are in London on the 26th and 27th of June, visit us at the conference and we will be more than happy to tell you about our project in further details! ⠀ ➡️Stay tuned for more news about the Blockchain Summit London from our team!⠀ #Socratus #insurance #insurtech #conference #London #visit #exhibition #team #blockchain #Token #Tokensale #ethereum #bitcoin #technology #data #platform #Future #Investments

✅Socratus Poll ⠀ What kind of characteristics does your dream insurance have? Share with us your insurance dreams by going through our quick poll in #Twitter! If non of the available options are right for you, indicate your answer below in the comments section!⠀ ⠀ ➡️The poll is available here: https://goo.gl/NX7ojw ⠀ ➡️Learn more about the insurance services offered by Socratus on our website! ⠀ #Socratus #insurance #poll #services #products #new #blockchain #Token #Tokensale #ethereum #bitcoin #technology #data #platform #Future #Insurtech #Investments

📢Community's opinion ⠀ ✅Serkan Anacak, one of the Socratus community members from Turkey, has agreed to share his insurance experience with us! ⠀ 👇Let's see what he thinks about this matter ⠀ ➡️Type of insurance that you use: Car insurance and Property insurance ⠀ ➡️Your best experience: I got my payment after the car crash in 3 days ⠀ ➡️Your worst experience: Once I did not get a payment for a car crash because of a not having many photos of a car accident. But it was impossible to have pictures with healthy stop ⠀ ➡️You dream about: Easy payment method and short time work to have it ⠀ ➡️You don't like: Long payment times ⠀ If you also want to contribute to the Socratus development, complete a questionnaire on our website and we will share your experience with the rest of the members!⠀ ⠀ ✔️Questionnaire link: http://socratus.io/questionnaire ⠀ #Socratus #questionnaire #insurance #services #products #blockchain #Token #Tokensale #ethereum #bitcoin #technology #data #platform #Future #Insurtech #Investments

🌐According to the global insurtech report of the year 2017, the insurtech industry is rapidly progressing and is being integrated by many multinationals nowadays. ⠀ 👇Key figures from the global survey: ⠀ ➖45% of respondents currently partner with InsurTech ⠀ ➖68% of participants expect to adopt blockchain as part of an in-production system by 2018 ⠀ ➖94% of respondents are prioritising better risk insights and customer engagement ⠀ 👇Key statements extracted from the report's analysis: ⠀ ➖InsurTech is no longer seen as disruption, but rather a transformative force ⠀ ➖The need for better risk insights and customer engagement is driving the transformation ⠀ ➖Insurers are investing in key technologies, such as data analytics and mobile, that will support this transformation ⠀ ➖Emerging technologies, such as RPA, AI and IoT are coming to the fore ⠀ ➖Blockchain is more familiar and a majority of insurers expect to have use cases in production by 2018 ⠀ ➖Insurers and InsurTech are collaborating to overcome industry challenges ⠀ ✅At Socratus, we are not just ready for this global transformation, but we are bringing the solutions that would facilitate this change and make it real! Learn more about our win-win insurance on our website! ⠀ #Socratus #facts #change #revolutionary #insurance #services #products #blockchain #Token #Tokensale #ethereum #bitcoin #technology #data #platform #Future #Insurtech #Investments

✅More about Socratus Team ⠀ At Socratus, we don't just work together, but also enjoy spending time while having a nice friendly dinner or supporting the national Russian team at the ⚽️ #WorldCup ⠀ As our team is built on trust and friendship, it allows us to work in a collaborative and fluent way, whereby all the members are directed towards one mutual goal - to bring a "win-win" insurance to life!⠀ ⠀ 🌐Moreover, as practically all of our team members have lived or worked for a long period of time in different countries, the process of generating ideas and solutions becomes even more efficient and profound due to a high expertize in global markets. ⠀ ➡️Learn more about our team members on our website! ⠀ #Socratus #team #teambuilding #expertize #friends #insurance #services #products #blockchain #Token #Tokensale #ethereum #bitcoin #technology #data #platform #Future #Insurtech #Investments

📋Interview with the Co-founder of Socratus ⠀ Timur Sultanov - the Co-founder of #Socratus and Decentralised Protocol Developer ⠀ Read the full interview on our official Medium page: https://goo.gl/YWRtcZ ⠀ #insurance #services #products #interview #blockchain #Token #Tokensale #ethereum #bitcoin #technology #platform #Future

✔️Socratus Poll ⠀ What kind of insurance service do you use the most❓ Let us know your answer by going through our quick poll in #Twitter! If non of the available options are right for you, indicate your answer below in the comments section! ⠀ ➡️Take the poll here: https://goo.gl/NX7ojw ⠀ ➡️Learn more about the insurance services offered by Socratus on our website! ⠀ #Socratus #insurance #poll #services #products #new #blockchain #Token #Tokensale #ethereum #bitcoin #technology #data #platform #Future #Insurtech #Investments

💡Interesting Facts about Insurance ⠀ 1️⃣In the history of insurance the first contract was signed back in 1346. ⠀ 2️⃣The famous football player David Beckham insured his legs for $70 million and the Russian singer Zemfira insured her fingers for $170 000. ⠀ 3️⃣The most expensive insurance policy in the world belongs to the American director Steven Spielberg, his life was insured for $1.2 billion. ⠀ 4️⃣Some states in US, for example Connecticut, have bigger insurance markets than entire countries such as Brazil and Sweden ⠀ 5️⃣Starbucks pays more for employee health insurance than it pays for coffee. ⠀ ➡️Find out some interesting facts about Socratus on our website! ⠀ #Socratus #facts #insurance #services #products #blockchain #Token #Tokensale #ethereum #bitcoin #technology #data #platform #Future #Insurtech #Investments

⏰Random Meeting at 6am in the office ⠀ The end of the working week can always bring some surpizes, especially when practically all of our team members are used to work in different time zones. Today's morning started with our early birds, Elena Zhura and Timur Sultanov, who had an international online conference at 6am (Moscow time). ⠀ 👉As Elena mentioned today: "International negotiations make you adjust your life schedule" ⠀ At Socratus, our day does not always start with a coffee, but rather with the thoughts about how to make our products even better and what should we do to achieve success! And today's morning was an example of that:) ⠀ And how do you usually start your day? ⠀ 👇Let us know below in the comments section! ⠀ #Socratus #meeting #team #building #insurance #services #products #blockchain #Token #Tokensale #ethereum #bitcoin #technology #data #platform #Future #Insurtech #Investments

🗒Interview with the Founder of Socratus ⠀ Elena Zhura — the Founder of Socratus and an expert in Technology & Business Development. ⠀ Read the full interview in our official Medium page: https://goo.gl/FMnvzH ⠀ #Socratus #insurance #services #products #interview #blockchain #Token #TokenSale

✅Socratus Poll ⠀ Participate in our quick poll on our official #Twitter page! In order to improve our services and products we are interested to know about what kind of the problems you faced while dealing with your insurance provider. ⠀ As we are creating an abosultely new "win-win" concept of insurance, we want to improve every aspect of the current solutions! ⠀ ➡️Find a link to the poll here: https://goo.gl/Lx8Zhv ⠀ #Socratus #insurance #poll #services #products #new #blockchain #Token #Tokensale #ethereum #bitcoin #technology #data #platform #Future #Insurtech #Investments

💡Native Insurance by Socratus ⠀ Socratus changes the paradigm of the traditional insurance market. We create a ‘Native insurance’, that predicts current risk and takes care of insurance by default. ⠀ 📲Leveraging big data with machine learning on a user friendly platform enables us to transform the insurtech industry into a paradigm of complete transparency, efficiency, and personalization. It is attached at the background to any process and action which needs insurance. ⠀ 👉“Native insurance” is insurance inscribed in the life cycle of a person. We develop hyper-individual insurance products - the system has the ability to determine what kind of insurance is needed. We make insurance as pleasant as the first morning cup of coffee or tea, and as natural as using a cell phone and the Internet. ⠀ Native Insurance is based on a hyper personalization: ⠀ ✅You drive a bicycle and your insurance switches itself on. ⠀ ✅You exceed the speed on your vehicle and your insurance rate grows. ⠀ ✅You have just parked a car and your insurance rate reduces. ⠀ ➡️Wondering how is it possible? Find your answers on our website and join Socratus community today!⠀ ⠀ #Socratus #insurance #native #efficient #instant #personalized #blockchain #technology #data #platform #Token #Tokensale #Future #Insurtech #Investments

📋Report on Digital Insurance ⠀ Our team found an interesting report by McKinsey regarding the digitalization of insurance companies and insurtech industry in general. ⠀ 💡Here are some of the highlights: ⠀ ✔️More than $800M was invested in blockchain in 2015 ⠀ ✔️5-10% of insure claims are fraudulent ⠀ ✔️Digital insurance can increase a company's efficiency up to 30%, by cutting operational costs and increasing customer's level of satisfaction. ⠀ Interested in reading the whole report? Click here: https://goo.gl/ATzBhv ⠀ ➡️Find out more about #Socratus at: https://goo.gl/wwk6mq ⠀ #Tokensale #Token #Blockchain #Future #Insurance #Insurtech #Investments

📋KYC Procedure & Socratus ⠀ As you know, KYC (Know Your Customer) verification is used by many financial instituations, banks, cryptocurrency exchanges and others to collect and verify personal information about their customers to prevent non-compliance with legal regulations. ⠀ Why is KYC important for Socratus Project❓ ⠀ The SCR tokens will be used for the purposes of insurance contracts execution. For this purpose, we need to introduce KYC (Know Your Customer) rules meeting local requirements applicable to insurance companies. Initially, such requirements will be prepared under EU regulations, where we plan to offer insurance products at the first stage. As range of insurance products offered through the Platform increases and the territorial coverage extends, we will develop our KYC requirements to suit particular local requirements. ⠀ We should note that for the purposes of the platform current KYC procedures are based on the existing EU requirements applicable to the case. Further we plan to develop our procedures considering expected expansion on Asian and other markets – thus, we will need to bring them in line with local requirements applicable to the case. ⠀ ➡️Read more about our platform and innovative insurance solutions on our website! ⠀ #KYC #Socratus #insurance #operations #processes #lbenefits #expenses #services #Digital #Blockchain #Token #Sale #Invest #Innovation #Bitcoin #Ethereum

📢Important notice about Socratus Bonus Program ⠀ According to the legal limitations, the USA residents are not allowed to participate in the Socratus Bonus program. Due to this fact, we are kindly asking all the participants who have already registered and enrolled for the Bonus program campaigns to go through the registartion procedure one more time, including an important part with questions regarding KYC. ⠀ 👇Here are the links for the new registration forms: ⠀ http://socratus.io/expcampaign ⠀ http://socratus.io/facebook ⠀ http://socratus.io/twitter ⠀ http://socratus.io/reddit ⠀ http://socratus.io/telegram ⠀ http://socratus.io/signature ⠀ http://socratus.io/translation ⠀ http://socratus.io/blog ⠀ We have also created a separate Telegram chat for Bonus Program related questions only, where you can chat directly with our Bonus Program manager "deloodin". ⠀ ➡️Bonus Program Telegram Chat link: https://t.me/socratus_bonus ⠀ ➡️You can find all the descriptions of the Bonus Program campaigns on our main thread here: https://bitcointalk.org/index.php?topic=4268847.0 ⠀ Thank you for understanding and your support!⠀ ⠀ #Socratus #bonus #program #campaign #marketing #rewards #contribution #development #insurance #token #tokensale #blockchain #technology

📲Socratus Insurance Product Operating example ⠀ ⠀ Ever wondered how you can simplify the insurance process❓ Let's take a look at a step-by-step description of the Socratus decentralised platform's operations on the example of a flood risk home insurance. ⠀ ✅Step 1: The user opens the Socratus powered website (as an Insurance carrier). The user creates or logs into the existing account and types the details of his/her apartment/house to calculate the insurance quote. ⠀ ✅Step 2: When registering into account, the user should enter the required personal data sufficient to comply with the KYC rule to use an insurance product. ⠀ ✅Step 3: The client installs several verified IoT devices in various places of his/her residential facility or uses the already installed ones to detect flooding. Such devices have a hardware-protected private key, GPS finder/embedded camera, ability to detect and send information about the level of water confirmed with their own private key. ⠀ ✅Step 4: The customer decides to get an insurance offer and a draft smart-contract from Socratus. The customer requests the quote. To do this, the customer gives the platform access to his/her flood-detection devices and provides the personal information that may affect the requested quote. ⠀ ✅Step 5: The customer chooses the quote from the options offered by the Insurance company based on his/her preferences. ⠀ ✅Step 6: Sometime later, a room is flooded. Proving insurance accident occurred data is available on the platform. ⠀ ✅Step 7: The smart-contract (and the relevant components of automated analysis) processes the analysis results of the data obtained from the devices installed in the house, GPS location and public information confirming that the flooding occurred in the designated area. Then an automated decision is made whether the agreed amount should be paid to the insured person. ⠀ ➡️Read more about Socratus solutions and our current product line-up on our website!⠀ #Socratus #Insurance #operations #processes #lbenefits #expenses #services #Digital #Blockchain #Token #Sale #Invest #Innovation #Bitcoin #Ethereum

📌The SCR Token: uses and purposes ⠀ Socratus Token (SCR) is a driving gear and the internal economic unit of the Socratus ecosystem. ⠀ There are several functionality features of the Socratus Token that explain the use of it in our system: ⠀ ✅Means of payment for the license of platform ⠀ ✅Reward tool for contributors ⠀ ✅Unit for payment of insurance premium and indemnity ⠀ ✅User loyalty management and promotional tool ⠀ Socratus Token is the lifeblood for the protocol. Socratus platform is aimed to build a protocol that: ⠀ 👉Allows Insurance companies to implement innovative insurance products with instant claim payment ⠀ 👉Becomes a standard in decentralized digital insurance and contains all the requirements of insurance players, and regulators ⠀ Decentralization of the protocol will bring to a native growth of tokensturnover between ecosystem participants and overall trust. ⠀ If you are interested to learn more about our project, visit us at our website! ⠀ #Socratus #TokenSale #Insurance #blockchain #Token #Investments #Finance #Business #Crypto

Research from @PWC discovered the situation occurring around insurance field. From one hand, there is an increase in a demand for insurance-tech strartups. From the other one, there is a decrease in incomes. ⠀ 📉For the past year, 2017, such figures reached a number of $0.4bln. ⠀ This is where #Socratus can bring its solutions to both regular consumers and insurance companies. Not only we can cut the expenses on claims handling and operational costs up to 25%, but there is also a facilitated claiming process with instant payments. ⠀ 📲This is getting interesting, right?⠀ ⠀ ➡️Find out more about us on our website!⠀ ⠀ #Token #Sale #Tokensale #Insurance #Innovation #Insurance #Blockchain #Invest #Finance #Crypto