entity insuring the subscribers has absolute control over everything. This causes traditional insurance to be: - Too complex - Too bureaucratic - Too expensive Which results in high entry barriers for newcomers, which results in a less efficient market.
fund (the entity that starts it) can have no control over the use of the funds, premiums, claim examination or the service provided. This way, we isolate each party’s incentives and align them making all processes transparent.
it for optimum performance and sets the conditions under which a claim can be made - Subscribers: Entities that buy protection to receive a service free of charge if a set of verifiable set by the holder conditions are met - Examiners: Those who verify the claims reported by the subscribers and its validity in order to claim the required service - Investors: Individuals or companies who bet on the funds’ performance and receive dividends when it profits. As the number of subscribers grows, token sales are needed to support Black Swan scenarios - Service providers: Entities that can provide a service when a claim is approved
project that can make the entry barriers for insurance nonexistant. We believe the traditional world needs more efficient, transparent insurance. And we believe the new crypto-economy being created right now will also need a way for its people and companies to rest assured.
ludicmind
techtekt
recruitengineers
yamanoku
kakehashi
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codatum
ezaki
sudoakiy
y0hgi
prog893
pfn
syuchimu
bkeepers
lara
ianozsvald
bluesmoon
portentint
brettharned
brad_frost
mongodb
aleyda
tmiket
jonoalderson
codingconduct
