Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Choose your crop and the site of your field, as automated compensation is activated by drought or flood incidents reported by government agencies. This represents the pioneering phase of decentralized insurance. The payouts are not only automatic but also nearly instantaneous. Now fully authorized, this system is tailored for individuals with low incomes and small business proprietors. Instantaneous payouts are triggered by wind speeds detected by weather stations located within a 30-mile radius of the insured's permanent residence. It also offers safeguards against the risks of theft and cyber attacks on smart contract wallets. Additionally, it provides cost-effective and easily accessible protection against the potential loss due to the death or serious illness of a community member. The provision of immediate emergency payments ensures that individuals can navigate through challenging times with greater ease and support. This innovative approach to insurance can significantly enhance the resilience of vulnerable communities.
Description
Nexus Mutual harnesses the capabilities of Ethereum to enable individuals to collectively share risk, eliminating the need for traditional insurance companies. It provides coverage against potential vulnerabilities in smart contract code and events such as the DAO hack or issues with Parity multi-signature wallets. Governed entirely by its members, Nexus Mutual allows them to determine the validity of claims, with all decisions transparently recorded and enforced through smart contracts on the Ethereum public blockchain. It is important to note that Smart Contract Cover does not constitute an insurance contract; instead, it relies on fellow members to adjudicate claims. Payment for claims is driven by economic incentives linked to the token rather than trust in an insurance provider. The tokenization process allows for a scalable method of raising risk capital, with a model that promotes funding inflow only when necessary. Furthermore, the token's value is connected to both the mutual's adoption and its actual performance, distancing it from mere speculation and fostering a more stable ecosystem for participants. This innovative approach not only empowers members but also aligns their interests for mutual benefit.
API Access
Has API
No
API Access
Has API
No
Integrations
Ethereum
Yes
Authereum
No
Base App
No
Index Coop
No
Lattice1
No
Ledger
No
MetaMask
No
Opera
No
Token Terminal
No
Torus
No
Integrations
Ethereum
Yes
Authereum
Yes
Base App
Yes
Index Coop
Yes
Lattice1
Yes
Ledger
Yes
MetaMask
Yes
Opera
Yes
Token Terminal
Yes
Torus
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Etherisc
Founded
2016
Country
Germany
Website
etherisc.com
Vendor Details
Company Name
Nexus Mutual
Founded
2017
Country
United Kingdom
Website
nexusmutual.io