Aigang Network, a digital insurance protocol, introduces the future of insurance for a new cutting-edge technology infrastructure, including drones, mobile batteries, and autonomous cars. Aigang is the leader in blockchain protocol in Singapore’s digital insurance market and has come up with various plans to transform this sector. The company’s new version of its whitepaper includes information such as an updated roadmap and new additions. Aigang also offers a completely automated insurance protocol achieved via IoT devices and smart contracts.
What does Aigang protocol offer?
The Aigang Network’s blockchain protocol offers next-generation digital insurance for IoT devices using a decentralized autonomous organization (DAO) as well as smart contracts. The Group is to make a huge leap into InsurTech sector, making itself ready for the novel technological changes soon to happen in future. The latest demo app of the company has been developed on Ethereum testnet, while mainnet release is also expected soon.
The Prominent Features of the Platform
- DAO Insurance & Token Model Investment
Aigang provides its investor an opportunity to diversify their investment portfolio by investing in various products’ pools, having a varied risk and profit levels. The demo for the phone batteries has already been launched, which is soon to be expanded to smart cars, drones, and other popular products. The new model enables investors to invest in the reserve pool directly and then trade these over secondary market.
- Peer to Peer Investment Platform
Aigang’s P2P investment platform is in the Alpha stage and being developed with many key targets, including:
- Perform calculation and develop statistical models for required risk assessment and reserves
- Tokenize reserves
- List all insurance pools with predicted profit, assessed risk
- Let investors buy tokens for different insurance product pools
- Show full investor profile
- Enable secondary market trading
- Gather and assess premiums
- Process claims and payouts
- Device data tracking
- Aigang protocol showcase
- Insurance pricing simulation with machine learning
The platform is to be the protocol’s core, enabling complete P2P insurance vision. It will cover a lot of complex insurance components and, automate the entire process.
Aigang, based on its vision, has put forward an architectural model of entire platform and protocol, currently under development, with an aim to execute completely autonomous insurance. Technically, the company aims to develop a protocol on the blockchain that would enable companies, community, and developers to develop insurance models on their own, using this infrastructure.