SurruS - Blockchain based car theft insurance
SurruS — is a comprehensive and innovative solution offering: A decentralized system for searching and returning stolen cars. Blockchain based car theft insurance with an instant compensation guarantee to return 100% of the car’s market value through a smart contract
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SurruS project is an innovative solution in the insurance industry based on blockchain technology. Thanks to the use of this technology, we have been able to create a system that allows us to effectively search for and return the stolen car and ensure payment of compensation in case of failure.
What happens if the car has been stolen, or how the system SurruS works in practice?
If the car is stolen, our system immediately receives a notification, and then activates the search algorithm that calculates the probable location of the car.
All participants of the ecosystem of SurruS can see the alleged location of the missing car and join the search of a car together with our technicians. The user, who will be the first to detect the stolen car, will receive a reward, and the found car will be returned to its rightful owner. If for some reason we are unable to find the vehicle, its owner is guaranteed to receive 100% of its market value.
SurruS project enters the market in the second quarter of 2018. Everyone who wants to take part in it can invest in it by purchasing SURR tokens within the ICO . SurruS system assumes the existence of two types of tokens:
- a means of payment for which it will be possible to purchase exclusively the company’s services;
- security token, the holder of which will be entitled to receive monthly income, which depends on the revenue of the company.