InsCoin Smart Policy DEMO

Performance Bond

A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith money, intended to secure a futures contract, commonly known as margin.

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This smart policy is a simple example of how the future issuance of policies on Blockchain will work on a large scale. Therefore, this smart policy has no insurance value.