GRE Global Risk Exchange

About GRE (Global Risk Exchange)

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.

Token Concept

• All risk management contract transactions on the GRE platform use RISK token as transaction intermediary, and the settlement of the contracts will use RISK as well.
• Users in GRE platform will pay transaction fees using RISK token.
• Any organization or individual can create a risk management contract on GRE platform after comunity review and obtain a transation volume based rewards.
• The community will reward developers with RISK token based on their code contribution.
• All individuals and organizations are able to share contracts on GRE platform and attract new customers to trade risk mangement contracts and they will receive a reward from transaction fee collected from the new customers they invite.
• Exchange dealers on GRE platform can RISK as collateral to issue market pegged tokens, such as GRE.USD or GRE.CNY. This mechanism is similar to the BTS and BITUSD in the Bitshares ecosyetem.

Roadmap

More detailed information about the Global Risk Exchange is below:

Website: https://www.gref.io/

Whitepaper: https://www.gref.io/gre.whitepaper.en.pdf

Facebook: https://www.facebook.com/GRE-Foundation-2080066572230352/

Twitter: https://twitter.com/GRE_RISK

Telegram: https://t.me/GREF_EN

Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1247512