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Global Risk Exchange (GRE)
GRE (Global Risk Exchange is a special market based on blockchain technology designed for risk management. It is built specifically to help organizations, businesses or individuals for the purpose of management and sale of some of the risks.
Description
The sector that deals with risk management and control is huge. In 2017, the total volume of transactions was about 4.8 trillion USD. Every day this figure is growing quickly. The Global Risk Exchange project is a special platform based on the latest blockchain technology. This technology will help to make a revolution in this sector. Today, in the management and control sector of all kinds of risks, there are a lot of problems that will need to be addressed. A lot of different products in this market have a fairly similar projection. But these products, which are used for risk management, may not work optimally and efficiently. Another quite popular problem that users should pay attention to is the preservation of the confidentiality of data of all users. Customers in order to make this process must provide a lot of different documents. All this information is stored on the most important service, which can be very easy to crack. There is also the problem of opaque data. This is due to the fact that all calculations are carried out only on distorted data. Another rather important issue is the very complex approval process. This process can usually take weeks to complete the entire data processing. First of all, this is due to the fact that many organizations have not been able to update all their own processes for processing information and data. Money transfers through the bank also take a very long time.
Platform
The platform is going to significantly change the entire market that provides risk management and control services. The platform is fully decentralized. On the platform, all sellers and buyers can contact each other directly, without any intermediaries. All the products on the platform are specially customized to attract as many people as possible. As for the problem of losing some data, the problem disappears. All this is made possible by the use of new blockchain technology. It is the technology that guarantees the security and transparency of all data and information.
Tokens
The platform's internal token, RISK, is used for all possible operations and transactions in the system. The latest technology based on Ethereum cryptocurrency was used for the development. The sale of coins began in mid-May 2018 and lasted until June 2018.
Advantages
All the decisions that people make in the world of finance, very often succumb to many risks. This is also an important part of the equation. In order to try to manage these risks or to start a little bit of control, it is necessary to carry out insurance. This is a kind of lifesaver for life in many difficult situations. A lot of investors rely on insurance to cover all possible risks. All risks are decentralized and are rewritten using blockchain technology. This is beneficial for insurance and for possible markets for derivatives. Risk is an integral part of life. The winners in these situations will be only those people who have controlled all the risks and insured.
