SOCRATUS

SOCRATUS - digital insurance ecosystem




hello friends .., best wishes to all of you who have visited and seen my composition,
 this time I will discuss about Socratus  project,.



What is Socratus?
Socratus is a complete insurance ecosystem, uniting all players under indisputable win-win rules and turning the insurance market into a fairplay:

- Transparent deals
- Instant claim payment
- Friendly prices

Socratus is a complex of front-end & back-end solutions developed together with insurance companies, financial institutions and data providers.

We create a digital platform with instant claim payment products for insurance companies (white label) & fully digital insurance company for consumers.



How it works: Socratus Instant Claim Payment
  • Customer buys policy in Insurance company or agents. Smart-contract starts to work.
  • With the first Policy customer gets login and password to access his profile.
  • Customer informs insurance company about accident through its web site or application
  • Smart-contract gives the signal to Oracle to check the accident. Oracles turns to verified data provider.
  • In case of confirmation of the accident Smart-contract sends the signal to send money to the costomer.
  • Smart-contract executes the payment. Smart-contract is closed.

Socratus ecosystem will implement the distributed ledger technology for letting the business operations be more cost and time effective.


The use of blockchain technology in Socratus:
  • Insurance smart contract deployment for instant claim payment — will reduce operating expenses.
  • Providing trust and transparency of insurance operations for the company’s customers — will provide a base for a justified reduction or increase in the insurance tariff for the community.
  • Participation of community members in the development of the Socratus ecosystem — will appoint undisputable rating to every member of

community.
  • Insurance policy management — will decrease time, cost and increase trust.
  • Claims management (registration/ confirmation/ decision-making/ payment) — will decrease time, cost and increase trust.
  • Referral system participation by community members — will realize undisputable remuneration for a member involved.
  • Interaction of the process participants in the exchange of documents necessary for insurance operations — will decrease time, cost and increase trust.


Detail Socratus Token Sale :


  • SUPPLAY TOKEN : 2.000.000.000
  • TOKEN SYMBOL : SCR
  • 1 SCR = 0.1 $
  • SOFTCAP = $ 5 Millions
  • HARDCAP = $125 Millions


Road Map




conclusions

The insurance segment has long needed modernization, now intellectual contracts will become a guarantee of security and speed of execution of transactions. Socratus is a truly unique and special project on the blockbuster.





For more information, please visit the link below:



Website : http://socratus.io/


Whitepaper : http://socratus.io/wp/


author: Cintia plug

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