We propose a way to solve this issue by implementing a system that provides peer-to-peer coverage. You and your teammates cover each other. If you submit a claim within your team, your teammates pay it. Teambrella is what insurance has always strived to be: a tool for sharing risks with peers and helping those in need.
There is a conflict of interest between insurance companies and policyholders. Teambrella is a peer-to-peer alternative to insurance. Peers have mutual control on most aspects of their coverage, such as risk evaluation and processing of payments. The mutual control is implemented via a voting mechanism that can be delegated to proxies. To ease the burden of payments between peers, we use a blockchain as a mean of providing coverage and payment of reimbursements.
Use the Teambrella app to tell the team about your claim. Your teammates can put themselves in your shoes, so there is no bureaucracy. Every decision is made via discussion and voting. And transparency enforces the Golden Rule of fairness: Treat others the way you want to be treated. When a team honors a claim, each teammate pays their share directly from their personal Ethereum wallet which is co-controlled by the team and the person. So there is no central entity that could keep the clients’ funds. We simply can’t profit from denying claims.
In Teambrella, one doesn’t have to vote all the time and can choose you to vote on their behalf. As a proxy, you are compensated by the team for your time and expertise. The more people trust you as a proxy, the bigger your compensation is.
Ended on 2018-09-12
We propose a way to solve this issue by implementing a system that provides peer-to-peer coverage.
Ended on 2018-11-30
Inflr is focused on creating digital marketing solutions using the latest technology for micro-influencers.
Ended on 2018-08-26
SmartO is a virtual assistant, personal super-assistant that uses artificial intelligence algorithms.
Ended on 2018-11-15
ARROUND is a complete ecosystem that unites consumers, advertisers and AR developers on a single platform. Advertising will never be the same again.