Many consider the world The first alternative blockchain market to emerge in the world is really a threat.
The Global Risk Exchange (or "GRE") is a fully decentralized, open global trading marketplace, with the motive of helping people, companies, and companies to go in and take turns and manipulate their dangers. The GRE undoubtedly reconstructs the equipment of manipulating traditional opportunities (scopes and derivative contracts) by means of decentralization, and serves as a fundamental tool of operation to aid insurance and derivative transactions in the era of blockchain. GRE desire to assemble infrastructure and shopping for and sell platforms for hazard manipulation organizations inside blockchains driven around the globe in closing for the future, through the use of providing important protocols for the arrival of threat events, pricing, buying and selling, statistical and oracle collections to drop special threats. This will allow people and world football institutions to gather opportunities and pass again equilibrium.
WHO NEED US ?
The Insured
This organisation of customers are the human beings and groups inside the real global who choose to purchase hazard control contract(provide charges) to hedge their risks
Contract Designer
Provide professional danger manage records for GRE community and might submit danger manage contracts after community overview and earn charges particularly based on transaction costs amassed from buying and selling this agreement.
Insurer
This business enterprise of users are generally coverage plan and re-coverage companies and coverage-associated securities buyers. They earn charges from the threat management settlement and take the risk transferred to them
TOKEN CONCEPT
All transactions carried out by settlement can be at risk control on GRE platforms using RISK tokens as transactional intermediaries, and contractual agreements will use RISK as appropriate.
Users in GRE platform pays transaction charges the use of RISK token.
Any business enterprise or character can create a danger management settlement on GRE platform after comunity take into account and reap a transation quantity based totally totally rewards.
The community will reward builders with RISK token based totally on their code contribution.
All humans and businesses are capable of percent contracts on GRE platform and appeal to new clients to exchange chance mangement contracts and they will collect a reward from transaction price accrued from the agency new customers they invite.
Exchange stores on GRE platform can RISK as collateral to trouble market pegged tokens, inclusive of GRE.USD or GRE.CNY. This mechanism is similar to the BTS and BITUSD within the Bitshares ecosyetem.
Global Risk Exchange (or "GRE") is a blockchain based totally, decentralized global danger contract marketplace and public chain, with the purpose of helping people, groups and organizations to freely hedge, switch and alternate their risks. GRE completely reconstructed traditional danger manipulate enterprise(coverage and derivative markets) in a decentralized manner, and will turn out to be the underlying working laptop to support insurance and by-product transactions within the technology of blockchain.
First of all, GRE democratize the advent of threat management equipment using blockchain based totally sincerely smart settlement and orcales, allowing any human beings and businesses who has danger control desires to create, exchange and shift risks to others who're inclined to address those risks on the blockchain. It’s a platform wherein chance control insurance rules and transactions are pushed by means of the usage of actual wishes, in which individualized and fragmented danger coverages are made possible, and coverage protections are made agile.
Secondly, GRE leverages a blockchain highly based decentralized alternate to aid individuals inside the hazard administration settlement: insured(who pay for top magnificence and sell risks), insurer(who gather top category and cope with unique humans's risks) and agreement fashion designer(who measures character risks and graph the agreement), transact and income from their non-public information and understanding of dangers. The marketplace rate of the threat settlement represents the market consensus and the knowledge of the group, that is the first rate measurement of the threat in the meanwhile.
Thirdly, GRE approves a a protracted manner large base of coverage potential providers aside from traditional insurance groups and reinsurance agencies, which are centralized, tightly regulated and capital extensive. Those new ability carriers can elevate greater liquidity and facts to GRE platform and might possibly take gain of GRE by using the usage of ability of taking on severa styles of risks they apprehend, on the equal time as making the complete risk alternate market more green and liquid through the usage of the usage of bringing down the entry barrier for each insured and insurer, maximizing liquidity and information waft.
GRE objectives to build the blockchain infrastucture and shopping for and selling platform for hazard
control organization within the blockchain pushed world, with the resource of imparting a public chian, aessential protocol for the advent of chance events, pricing, shopping for and selling, records collection and verdict. It will allow people and agencies around the world to gather risk and go back equilibrium.
2. Background
2.1 Market Size of Global Risk Management
Uncertainty, or danger are the best aspect that human society can now not hold away from at some point of the statistics and human facts are not unusual through way of the use of the way we understand and manipulate dangers and invent equipment to better manipulate and hedge dangers. For individuals, the most familiar device to control dangers are coverage merchandise, whilst sophiscated institutional customers and businesses will leverage the by-product market to hedge their dangers. The coverage and derivative market are the critical components inside the global monetary maket. Global gorss pinnacle charge written in 2016 amounted to four trillion USD and accounted for
5.7% of worldwide GDP and the equal large variety will approach four.Eight trillion USD in 2017. While the worldwide spinoff marketplace size is 1500 trillion USD, remember to the worldwide GDP at 50 trillion USD and marketplace size of global fairness and bond marketplace at a hundred trillion USD. The nominal rate of worldwide derivatives are 30 times the scale of global GDP.
ROAD MAP
2018 Q1
GRE Core Development
iOS & Android App
2018 Q2
HI Editor
Mobile Wallet
Public Chain
Oracle, Reality Keys
2018 Q3
Alpha Version
Migration to Public Chain
Finish Public Chain
API & SDK
Security Audit
2018 Q4
RDHI
KYC Development
GRE Go Online
2019 Q1
Secondary Market Editor
Secondary Market Content
Secondary Market Auditing
For more info visit the following sites.
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