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[CUBE] Notice on the Whitepaper Updates | 큐브 백서 업데이트 알림

We inform you that there has been some changes to our whitepaper from official website:

1. The "Expansion of Project Scope" section has been added.
- To reflect our commitment to creating value for token holders by expanding the use case of Cube tokens, we have added a section on ongoing projects and a section on token economy.

2. A new "Appendix" section has been created.
- Much of the technical aspects, including Synapse, have been moved to the "appendix" section to increase the White Paper's readability.

3. In addition, we ran a basic editing to correct typos

Click here to check out whitepaper

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(Below is the same content in Korean.)

안녕하세요, 백서 상 약간의 수정사항이 있었으며 이에 따라 큐브 커뮤니티 회원분들께 안내 드립니다:

1. "Expansion of Project Scope" 섹션이 추가 되었습니다.
- Cube 토큰의 사용 사례를 확대하여 토큰 홀더들에 대한 가치창출을 하겠다는 당사의 의지를 반영하기 위해 현재 진행 중인 사업들에 대한 내용과 토큰 이코노미에 대한 섹션을 추가하였습니다.

2. "Appendix" 영역을 신규 생성하였습니다.
- Synapse를 비롯한 기술적인 부분의 상당 부분을 부록으로 이동하여…

MG Damage Insurance - Cube Intelligence, Development of "Customer-oriented insurance products"


(L) Richard Biggs, Cube Intelligence Representative (R) Kim Dong Joo, MG Insurance Representative

- Combining with Blockchain technology, pioneering innovative insurance market
- 'One-stop automobile aftermarket service' oriented, development of insurance business model


MG Insurance (CEO Dong-Ju Kim) announced on April 16th that they have signed an MOU with Cube Intelligence, a Blockchain specialist, to develop a 'customer-centric insurance product'.

The two companies will undertake joint research and development of a Blockchain-based insurance business model, which is free of the limitations of the existing insurance market where it was limited to UBI (Usage Based Insurance) insurance development using automobile Big Data.

The new customer benefit-centric business model will support variety of premium discounts (driving habits, distance, day of the week, etc.), IOT-based automated emergency calls, customized vehicle management alerts (regards to troubleshooting, consumables exchange). In addition, the customer-specific app will greatly enhance user convenience by providing vehicle management history support and real-time vehicle information check.

In addition, for more substantial customer benefits with the integration of Blockchain technology, Cube Intelligence provides customers with points that can be used as cash for their mileage. The points provided can be used for vehicle maintenance, consumables exchange, etc. Also, for the convenience of customers, one-stop service can be provided through partners such as maintenance centers, used car dealers and insurance companies.

MG officials stated, "We will make more diverse customer benefits by developing the insurance business model with "one-stop automotive aftermarket service" that combines Blockchain technology".



About MG Non-life Insurance Co., Ltd.
The MG Non-life Insurance Co., Ltd is a Korean insurance company with assets worth of KRW 3.4 trillion with many 30 to 40 young members as its significant members. The primary business of MG non-life insurance is the construction of non-life insurance and reinsurance contracts, asset management for insurance premiums and insurance payments. They offer a  wide range of products including insurance products such as general insurance [fire, cargo, liability, technical, comprehensive, marine, aviation], long-term insurance [health, medical care, conditional loans, and secured loans as well].

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