Vernam — The Future of Insurance

About Vernam

Vernam is a new generation of insurance process on the blockchain.

Vernam uses blockchain technology to provide:

The competitive online market for conventional insurance products of the largest insurance companies
Great Compensation — Up to 30% of the premium in the Vernam token (VRN) is returned to the customer
“CryptoSafe” — a smart contract, ensuring that when a specified set of events occurs, the customer will be compensated with certain amount of Vernam Tokens (VRN). The latest and most innovative blockchain-based insurance product that Vernam will introduce.
Vernam’s goal is not to be less, but to revolutionize the insurance industry! We are the first company in the world ready to deploy high-end technology that will significantly reduce the cost of insurance services while making the business model more efficient and friendly for all. side — from the End customer to the large insurance company.

For this purpose, we have developed Vernam! A platform based on blockchain technology that links different stakeholders in the insurance industry — customers, brokers and insurance companies — uses blockchain technology to make the insurance process less costly, transparent and much more convenient.

The Problem that Vernam Sees and Deceives: Big insurance companies depend on brokers to bring their products to customers. In return, the broker receives a generous compensation of up to 30% of the principal premium — to perform relatively low value-added services. Imagine if the Clients End up needing to pay broker’s commission and instead receive their reward right in their pocket? Vernam is about to do this.

Vernam’s solution: The use of the ledger will prevent any possibility of manipulation of the data, increase transparency and reduce transaction costs. In addition to the engine, a market-exclusive monopoly will use the Vernam (VRN) token, the ERC20 standard token based on Ethereum to get the most out of the platform. Customers, who buy ordinary insurance through the Vernam platform, will receive a VRN token, equivalent to a typical broker’s commission (up to 30% of the high price). Tokens can be sold on the exchange or used to purchase conventional and secure insurance products.

The advantages of Vernam

0% of premium: Customers, who buy ordinary insurance through the Vernam platform, will receive a bonus equal to the commission of a broker or insurance agent (up to 30% via the VRN token.

CryptoSafe: Each customer will be able to sign a “CryptoSafe” smart, no commission, ensuring that when a set of events has occurred, the customer will be compensated.

Vernam VRN token: To take advantage of this platform, Vernam will introduce the Vernam Virtue (VRN), a non-ERC20-based freeride tagging utility based on Ethereum and investors can be obtained from the program. token sale.

Continuous demand: All coverage processes on the platform will work with VRN tokens, creating a continuing need and increasing the price of VRN.

Safety and Transparency: The use of shared and secure shared ledgers increases transparency and minimizes transaction costs.

Industry secrets: Part of our team is the key people and companies with more than 20 years of experience in managing, developing and working in all areas of the insurance industry combined with Top experts on blockchain and crypto.