PRE ICO Dates : 01/05/18 – 01/06/18
Blockchain Based Car Theft Insurance
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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.