Sagittae

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:

• The platform use decomposes the insurance value  enabling the individuals to create their own groups for risk sharing enabling them to organize their own financial protection
• The platform structure adopted is  a favorable and cost-effective  as it reduces the high expenses incurred by the insurance industries on labour force
• The platform use doesn’t involve any shareholder hence the  involved groups share their  risks effectively
• Transactions  on the platform are easily carried out through the use of STAE- tokens  which is exchangeable with fiat and other  cryptocurrencies promoting  a global  and unconditional access to the risk protection scheme
• The P2P scheme  published on the platform is linked to a smart contract  on Ethereum blockchain  enabling the protection of  the scheme eliminating  fraud and third-party interference
• The platform  has good team involved with relevant experience  and  skills as the founder Robert Volkert has  many years of experience in international insurance  industry hence promoting easy implementation of the project
• The platform  white paper is elaborate  with the project details  clearly  shown  to enable the users  to effectively protect their assets via their own groups

CONS:

• The platform token use doesn’t guarantee the holders of any rights  over the insurance company
• The associated risks protection by the platform is not  highlighted in the white paper
• The platform white paper is not available in other commonly used languages to enable its extensive use

SUGGESTIONS:

• The platform STAE token should give the holders more rights over the company by  having a share of the dividends and profits generated
• The  platform white paper should be made available in other languages to promote its usage across the globe
• The associated risks protected under the platform should be highlighted in the white paper

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.