We aim to build a DAO Insurance Protocol on a blockchain which would enable community, companies, developers build insurance prediction markets and insurance products themselves, using our infrastructure. That’s how we see the future of blockchain insurance protocol.
Aigang Platform working on Ethereum Testnet environment, with operation of the DAO insurance platform, including contributions to insurance pools and claiming rewards from writing insurance.
The web UI is operational and is integrated with the Ethereum wallet Metamask.
Using data from the battery insurance smart contracts, proof of concept has been demonstrated for the insurance protocol and the workability of the platform. IoT and smart device data has been used to develop a working insurance product on the Testnet Ethereum environment, and has been implemented for iOS and Android apps.
MVP development v1.0 Ethereum blockchain smart contracts are written to control policy issuance, risk assessment and claim processing. A user interface exists for the insuree to manage all insured devices. Smart device-tracking software use cases are developed for issuing claims automatically. Blockchain environment: Ethereum Testnet Status: This work is completed and Proof-of-Concept Apps can be downloaded from iOS and Android App Stores.
PoC development v2.0 Ethereum blockchain smart contracts are updated to deliver prediction market functionality. The user interface allows stakeholders to operate the prediction market, access data, manage their portfolio of insurances underwritten. Back-end infrastructure is created for off-chain data collection and calculation. Early stage discussions with IoT device manufacturers and data suppliers. Blockchain environment: Ethereum Testnet Status: This is work in progress and early alpha can be accessed atplatform.aigang.network
Beta version. Release for Prediction Markets platform. Opening beta version of Insurance Prediction Markets platform. Blockchain environment: Ethereum Testnet.
Release v1.0. Data providers integrations. API development. Stable and functioning Prediction market. Blockchain environment: Ethereum Mainnet.
Release v2.0. Machine learning, real-time pricing algorithm, analytical platform, tokenised Insurance risk pools
Release v3.0. Insurance Investments OTC trading platform, Insurance products development SDK.
Release v4.0. Fully autonomous Insurance DAO.
Aigang Network introduces the future of insurance for a new cutting-edge technology infrastructure, including drones, mobile batteries, and autonomous cars.
In the Ethereum Testnet, Aigang has deployed smart contracts that issue policies, conduct risk assessment, and process claims. They have also deployed smart contracts that perform insurance profit calculations, create reserves and tokenize the insurance risk pool. The protocol architecture can successfully integrate other insurance products.