ICYMI: @PolicyPalNET to collaborate with #NEM Blockchain projects! 🚀

PolicyPal Network to collaborate with NEM Blockchain Projects In addition to last week’s announcement with QTUM, we are pleased to announce our collaboration with NEM! Highly ranked on CoinMarketCap at 14th position, NEM has been in the markets for almost 3 years now! 1) CryptoProtect insurance for projects built using NEM Blockchain PolicyPal Network has confirmed a partnership with a global insurer (currently under Non-Disclosure Agreement) to underwrite CryptoProtect insurance for the Big List of Projects Built Using the NEM Blockchain on the following products! Business smart contracts/ protocol Accidental bugs DAO hack, loop hole in the contract which is a code error resulting in hackers exploiting the code This CryptoProtect insurance will cover the following: Network security liability — for hacked or compromised systems including denial of service attacks. 2) Seamless Integration, Huge Value: PolicyPal Network insurance‘s integration with NEM projects’ platforms PolicyPal Network has tied up with various insurance providers to offer insurance coverage with automated claims process. One of these partnerships is with FWD — owned by Richard Li (son of Li Ka Shing). Users of the Big List of Projects Built Using the NEM Blockchain will be able to purchase insurance with PAL tokens via these NEM projects’ platforms. All insurance purchases will be stored on the smart contracts by PolicyPal Network. We offer different options for integration with NEM projects, with various levels of customisation such as REST API and widget. At the first stage of the launch, PolicyPal Network will be distributing the B2C products to NEM projects and they can obtain insurance on the wallet at a discounted rate. Nem Projects will be the front end for distribution. Following that, PolicyPal Network will build and develop PolicyPal Network Blockchain based off a private fork of Ethereum codebase which will be tailored for the insurance products across multiple markets.    PolicyPal network will be integrated with the distribution partners and insurers which will be processing and owning the data of various countries’ insurance premiums, claims ratio and demographic profiles. About NEM The NEM Foundation is endorsed by an international network, compiled of a wealth of experience in IT, entrepreneurship, business processes, trading, property and asset development, international management and academia. The business’ ethos is to provide NEM’s blockchain technology platform to enhance enterprise whilst being run by the people, for the people. NEM’s team provides this through an array of support and education, from training events and service providers to technical support for the ecosystem. About PolicyPal Singapore PolicyPal Singapore is a Singapore-registered insurance broker and exempted financial advisor, and was the first startup to graduate from the Monetary Authority of Singapore’s financial technology sandbox and partners with 16 global insurance companies. About PolicyPal Network PolicyPal Network aims to harness the advancements in the field of blockchain technology to bridge the gap between consumers and insurance providers by providing new level of accessibility to the insurance ecosystem. The company is also a member of Singapore Fintech Association and ACCESS. Further Reading for PolicyPal Network: Website: https://policypal.network Telegram: https://t.me/policypalnetwork Twitter: https://twitter.com/PolicyPalNET Blog: https://medium.com/@policypalnet Whitepaper: https://www.policypal.network/whitepaper LinkedIn: https://www.linkedin.com/company/policypal-network/