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GRE

Global Risk Exchange

Global Risk Exchange (or "GRE") is a blockchain based, decentralized global risk exchange market, with the purpose of helping individuals, companies and organizations to hedge, trasfer and trade their risks. GRE completely reconstructed traditional risk management tools(insurance and derivative contracts) in a decentralized way, and will become the underlying operation system to support insurance and derivative industry in the era of blockchain.

3.4
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Benchy 3.4
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~$3,858,500
value of tokens sold in ICO
Ended
Token
RISK
Price in ICO
0.0058 USD
Country
Whitelist/KYC
KYC
Restricted areas
USA, China
ICO start
18th May 2018
ICO end
24th May 2018
More on ICO
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About GRE

Global Risk Exchange (or "GRE") is a blockchain based, decentralized and open global risk exchange market, with the purpose of helping individuals, companies and organizations to access and trade their risks. GRE completely reconstructed traditional risk management tools(insurance and derivative contracts) in a decentralized way, and will become the underlying operation system to support insurance and derivative transactions in the era of blockchain.

First of all, GRE democratize the creation of risk management tools using blockchain based smart contract, enabling any individuals and institutions who has risk management needs to create, trade and shift risks to others who are willing to take on those risks. It’s a platform where risk management policies and transactions are driven by real demands, where individualized and fragmented risk coverages are made possible, and insurance protections are made agile.

Secondly, GRE leverages a blockchain based decentralized exchange to help participants in the risk management contract, insurant(party who pay for premium and sell his risks), insurer(party who receive premium and take on other party's risks) and contract designer(who measures individual risks and design the contract), transact and profit from their own information and understanding of risks. The market price of the risk contract represents the market consensus and the wisdom of the crowd, which is the best measurement of the risk at the moment.

Thirdly, GRE enables a much larger base of insurance capacity providers other than traditional insurance companies and reinsurance companies, which are centralized, tightly regulated and capital intensive. Those new capacity providers can bring more liquidity and information to GRE platform and can profit from GRE by taking on various kinds of risks they understand, while making the whole risk exchange market more efficient by bring bringing down entry barrier for both insurant and insurer, maximizing liquidity and information flow.

GRE aims to build the infrastucture and trading platform for risk management industry in the blockchain driven world in the near future, by providing a fundamental protocol for the creation of risk events, pricing, trading, information collection and verdict. It will enable individuals and institutions around the globe to achieve risk and return equilibrium.

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