The 21st century is one of the great thing that have never happen to mankind because one of the great platform that was discovery with mystically enchanted the people of this present generation with some astounding features which have made our quotidian life activity very more facile and simple for us. with the help of Global Risk Exchange (or "GRE") is a blockchain predicated, decentralized Global Risk contract market and public chain, with the purport of availing individuals, companies and organizations to liberatingly hedge, transfer and trade their jeopardies. GRE plenarily reconstructed traditional risk management industry(indemnification and derivative markets) in a decentralized way and will become the underlying operating system to fortify indemnification and derivative transactions in the era of blockchain.
GRE expects to fabricate the blockchain infrastucture and exchanging stage for hazard administration industry in the blockchain driven world, by giving an open chian, a essential convention for the formation of hazard occasions, evaluating, exchanging, data accumulation and decision. It will empower people and substrata around the world to accomplish hazard and return harmony.
GRE expects to fabricate the blockchain infrastucture and exchanging stage for hazard administration industry in the blockchain driven world, by giving an open chian, a essential convention for the formation of hazard occasions, evaluating, exchanging, data accumulation and decision. It will empower people and substrata around the world to accomplish hazard and return harmony.
What is Global Risk Exchange
Global Risk Exchange (or "GRE") is a blockchain predicated, decentralized and open ecumenical risk exchange market, with the purport of availing individuals, companies and organizations to access and trade and manage their peril. GRE thoroughly reconstructed traditional risk management implements(indemnification and derivative contracts) in a decentralized way, and will become the underlying operation system to fortify indemnification and derivative transactions in the era of blockchain. GRE aims to build the infrastructure and trading platform for risk management industry in the blockchain driven world in the near future, by providing a fundamental protocol for the engenderment of jeopardy events, pricing, trading, information amassment and oracles to verdict categorical jeopardies. It will enable individuals and institutions around the globe to achieve risk and return equilibrium.
Global Risk Exchange (or "GRE") is a blockchain predicated, decentralized and open ecumenical risk exchange market, with the purport of availing individuals, companies and organizations to access and trade and manage their peril. GRE thoroughly reconstructed traditional risk management implements(indemnification and derivative contracts) in a decentralized way, and will become the underlying operation system to fortify indemnification and derivative transactions in the era of blockchain. GRE aims to build the infrastructure and trading platform for risk management industry in the blockchain driven world in the near future, by providing a fundamental protocol for the engenderment of jeopardy events, pricing, trading, information amassment and oracles to verdict categorical jeopardies. It will enable individuals and institutions around the globe to achieve risk and return equilibrium.
Solutions by GRE
Ecumenical Risk Exchange (or “GRE”) is a blockchain predicated, decentralized and open ecumenical risk exchange market, with the purport of availing individuals, companies and organizations to access and trade their peril. Traditional indemnification industry has a very long value chain, it commences with insurant,indemnification agents, direct indemnification, reinsurance and ends with indemnification link securities(ILS) investors. But if we stripe all those roles in the value chain away and the indemnification or risk management industry's pristine purport is to match two group of people,one group of people seeks to shift risk away from them and are disposed to pay premiums to those who could shouder those risk for them. Those poeple are called"insurant ". The other group of people are inclined to take risks that other shift to them in reciprocation amass premiums for emolument. Those people are called insurer and they provide capacity for jeopardies. When certain risk transpired, insurer has to compensate the insurant with pre-determined amount of mazuma from its capacity; if certain risk did not transpire, the insurer booked premiums as their profts. Blockchain predicated GRE platform will transform the essence of jeopardy management transactions into a trading market where risk sellers and imperil takers can trasact directly utilizing blockchain technology. It compresses the elongated chains of the traditional indemnification industry while minimizing thresholds, providing maximum liquidity and most precise pricing of peril.
Ecumenical Risk Exchange (or “GRE”) is a blockchain predicated, decentralized and open ecumenical risk exchange market, with the purport of availing individuals, companies and organizations to access and trade their peril. Traditional indemnification industry has a very long value chain, it commences with insurant,indemnification agents, direct indemnification, reinsurance and ends with indemnification link securities(ILS) investors. But if we stripe all those roles in the value chain away and the indemnification or risk management industry's pristine purport is to match two group of people,one group of people seeks to shift risk away from them and are disposed to pay premiums to those who could shouder those risk for them. Those poeple are called"insurant ". The other group of people are inclined to take risks that other shift to them in reciprocation amass premiums for emolument. Those people are called insurer and they provide capacity for jeopardies. When certain risk transpired, insurer has to compensate the insurant with pre-determined amount of mazuma from its capacity; if certain risk did not transpire, the insurer booked premiums as their profts. Blockchain predicated GRE platform will transform the essence of jeopardy management transactions into a trading market where risk sellers and imperil takers can trasact directly utilizing blockchain technology. It compresses the elongated chains of the traditional indemnification industry while minimizing thresholds, providing maximum liquidity and most precise pricing of peril.
GRE Platform
The GRE stage charges a concrete expense for each hazard administration exchange and infuses it into the establishment advancement finance for consequent stage amendment withal, support. The GRE Substratum is an autonomous body with the fundamental obligation are:
Fortifying the specialized amelioration of the GRE blockchain stage, culling what's more, presenting paramount accomplices and currently building up the GRE people group
GRE Substratum will be in charge of network amendment, incentivizing forces outline, legitimate undertakings and consistence
Responsible for the outline of the savvy contract, enable network engineers to present the code changes and bugs, establishing a plausible and sensible assessment system
The GRE stage charges a concrete expense for each hazard administration exchange and infuses it into the establishment advancement finance for consequent stage amendment withal, support. The GRE Substratum is an autonomous body with the fundamental obligation are:
Fortifying the specialized amelioration of the GRE blockchain stage, culling what's more, presenting paramount accomplices and currently building up the GRE people group
GRE Substratum will be in charge of network amendment, incentivizing forces outline, legitimate undertakings and consistence
Responsible for the outline of the savvy contract, enable network engineers to present the code changes and bugs, establishing a plausible and sensible assessment system
Token Economics in GRE: RISK
In GRE platform we utilize RISK token as transaction intermediary, a Ethereum keenly intellective contract predicated and ERC20 standard compliant token. RISK token can be acquired utilizingBTC or ETH and other crypto currencies. RISK is a utility token in GRE platform and can be utilized for:
In GRE platform we utilize RISK token as transaction intermediary, a Ethereum keenly intellective contract predicated and ERC20 standard compliant token. RISK token can be acquired utilizingBTC or ETH and other crypto currencies. RISK is a utility token in GRE platform and can be utilized for:
- All risk management contract use RISK as transaction intermediary and all risk contract claim distribution will utilize RISK for settlement;
- Users on GRE platform should buy RISK tokens to pay for transactions fees;
- Any institutions and individuals could publish risk management contracts utilizing GRE platform and will get volume predicated rewards in RISK tokens;
- GRE community will reward developers with RISK tokens in light of their code contributions;
- Any individuals and institutions can apportion risk mangement contracts in their gregarious networks and magnetize more users to trade those contracts. They will be rewarded a portion of incipient transaction fees derived from those incipiently traded contracts;
- GRE platform sanctions exchange dealers use RISK tokens as collaterals to issue market pegged stable coins; homogeneous to BITCNY and BITUSD on Bitshares platform.
Roadmap
For information about GRE
Website :https://www.gref.io/
Whitepaper :https://www.gref.io/gre.whitepaper.en.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=3865805.0
Twitter :https://twitter.com/GRE_RISK
Facebook :https://www.facebook.com/GRE-Foundation-2080066572230352/
Telegram :https://t.me/GREF_EN
Medium :https://medium.com/series/aa50bbc44814
Github :https://github.com/gre-foundation
PUBLISHER DETAILS
Bitcointalk username: Timzbrand
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2040852
UCHE CHUKWUDI TIMOTHY
Ether address: 0xC7Ee1071822E818Be0e55AefD4BD3Ea033192609
Website :https://www.gref.io/
Whitepaper :https://www.gref.io/gre.whitepaper.en.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=3865805.0
Twitter :https://twitter.com/GRE_RISK
Facebook :https://www.facebook.com/GRE-Foundation-2080066572230352/
Telegram :https://t.me/GREF_EN
Medium :https://medium.com/series/aa50bbc44814
Github :https://github.com/gre-foundation
PUBLISHER DETAILS
Bitcointalk username: Timzbrand
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2040852
UCHE CHUKWUDI TIMOTHY
Ether address: 0xC7Ee1071822E818Be0e55AefD4BD3Ea033192609
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