The insurance industry has become an increasingly cost
inefficient market sector. Large proportions of policyholders’
premiums are spent
on many other things than paying claims.
Sagittae introduces a new model of risk protection based on blockchain technology. It is a decentralized and revolutionizing alternative to traditional insurance, completely eliminating the need for expensive and bureaucratic insurance conglomerates and costly middleman (broker) structures.
We have decomposed the insurance value chain and created an entirely new system for risk sharing. In this system:
• affinity groups can organise their own financial protection
through digital peer-to-peer contracts for risk sharing;
• service providers have the opportunity to do business with these
groups; and
• real value, protection and stability is offered through the
Mutual Custodian Fund.
May 16, 2018
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SAGITTAE
This is a peer-to-peer financial protection platform based on blockchain technology which revolutionizes the insurance sector by eliminating the need for the expensive and bureaucratic insurance conglomerates and costly middleman structures
PROS:
CONS:
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NOTE:
The platform enables the users to organize their own financial protection which are simple, affordable and accessible to everyone across the globe enabling businesses to offer services effectively. This makes the project viable and I would invest in it.
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