Quick jump
Hello and welcome to this blog post about Etherisc DIP Token DIP White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Etherisc DIP Token DIP white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Etherisc DIP Token (DIP).
I can ensue you that, you will be able to understand every bits and pieces related to Etherisc DIP Token (DIP) after going through the Etherisc DIP Token DIP white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Etherisc DIP Token DIP White Paper
Etherisc DIP Token DIP white paper will be going to provide you, all the information that is needed to get started with Etherisc DIP Token (DIP), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Etherisc DIP Token (DIP).
Introduction
As a result of the Nov/Dec 2016 Hackathon, the team wrote a White Paper, which was released to public in its Version 0.3. Focus of the hackathon was the attempt to outline the core of a blockchain based reinsurance market. In the meantime, some things have changed and clarified. First, we have seen that the development of an open protocol will be at the core of our efforts.
This leads to a much broader approach, needs different legal entities and more funding. We have consequently increased our funding goal. Second, we have seen that a reinsurance market will most probably not be the first step. Trading of risks (and tokenization of risks as a precondition) is a different regulatory area and probably more difficult to achieve; furthermore, without first establishing a regular insurance business we don’t have suitable risks to trade.
Third, we have seen that we need to apply for an insurance license in some relevant jurisdictions, namely in the DACH area (Germany, Austria, Switzerland) or in the European Union (Malta). Additionally we also try to establish an insurance business in the US. These three cornerstones don’t reflect in the former White Paper, which was centered around the tokenization of risks. This White Paper is the attempt to structure the overall picture of decentralized insurance along the new insights.
White Paper Link: Etherisc DIP Token DIP White Paper
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