NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

REGA Platform Introduces Revolutionary Crowdsurance Solution

newsbtc
newsbtc
1 year ago
2 mins read
Rega, Risk Sharing, blockchain

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The concept of crowdsourcing has been around for a while now, be it with respect to work, raising investments, ideas, solutions and what not. But the actual potential of the power of the crowd became quite obvious after the concept of ICOs and crowdsales in the cryptocurrency industry caught the world’s attention. Now, one of the blockchain platforms, REGA has come up with an innovative “Crowdsurance” solution.

The REGA Crowdsurance solution is the next logical step for the Insurtech sector which is currently exploring the use of blockchain technology to improve their existing services while reducing operating costs and claim processing times. The platform also keeps up with the rising wave of sharing economy models, widely adopted by the likes of Uber, Airbnb, and others.

REGA’s Crowdsurance eliminates the involvement of insurance companies and brokers by making use of algorithms and blockchain driven smart contracts to analyze and manage risks. In Crowdsurance, people get together to create communities, which provide a guarantee of compensation for unexpected losses. The absence of intermediaries reduces the cost of insuring oneself over a Crowdsurance platform in comparison with traditional players.

REGA Tokens built on Bancor protocol provide continuous liquidity and price discovery. REGA platform offers users with flexibility to manage their risks at their own price. The platform offers its technology infrastructure including Ethereum blockchain based Risk Sharing smart contracts for a flat fee. Unlike conventional insurance providers, REGA risk sharing platform will not handle or reinvest the money into markets to generate profits out of it.

The platform is designed in such a way that similar insurance packages with almost the same level of risks are clubbed together to create subpools. These sub-pools are mostly self-sufficient. However, in exceptional cases when the claims arising out of the risk is much higher than the subpool’s purview, the much larger pool pitches in to support the victim. The pool is a collection of multiple sub-pools of the same kind, but with varying risks. These pools are in turn covered by a Superpool, thereby ensuring that the users’ risks are always covered irrespective of the eventualities.

The whole platform is governed by Artificial Intelligence running on advanced machine learning algorithms. The insurance premium, claims, and payouts will be processed by smart contracts which virtually eliminates the need for human interaction, thus enabling complete decentralization.

The REGA Risk Sharing model can be applied to a wide range of insurance applications. The platform has already tested its validity successfully by implementing it in Lexi Club — a mutual pet insurance solution that allows owners to get 80% of the medical coverage for their pets by paying a regular fee of about $5. The intelligent bot driven platform offers unprecedented levels of automation and access to veterinary service.

The model will soon be implemented into other verticals like real estate, healthcare, hardware etc. As the platform works toward expanding to other verticals, it has organized a crowdsale, allowing investors to purchase its native RST tokens. The tokens will fuel transactions within the platform and to trade it against other currencies as well.

More information about the revolutionary REGA Crowdsurance platform and the ICO is available at – www.rega.life 

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

No Need To Panic, Bitcoin’s Peak Still Coming In October 2025 – Analyst

Bitcoin prices dipped by 0.93% in the last day after the premier cryptocurrency suffered another price rejection in the $110,000...

Semilore Faleti 8 hours ago
Litecoin

Litecoin Fate Tied To Bitcoin – Will $96 Resistance Crack?

In a recent X post, CryptoWzrd highlighted that Litecoin (LTC) closed the day on a slightly bearish note. He explained...

Godspower Owie 10 hours ago
Ethereum

Ethereum Price Stuck At $2,500: Analyst Says Don’t Trade Until This Happens

The Ethereum price is currently locked in a narrow trading range of around $2,500, with momentum stalling despite the market’s...

Scott Matherson 16 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Top crypto analist: het ideale Dogecoin koopmoment voor kans op 200% rally

Top crypto analist: het ideale Dogecoin koopmoment voor kans op 200% rally

Lars Diederiksen 51 minutes ago
Ethereum Wyckoff Accumulation Hints At Explosive Q3 – $4K Level In Sight

Ethereum Wyckoff Accumulation Hints At Explosive Q3 – $4K Level In Sight

Sebastian Villafuerte 16 minutes ago
Bitcoin

Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins

Scott Matherson 7 hours ago

Premium Sponsors

Press Releases

  • Cryptocurrency is the best way to get rich quickly, easily...

    5 hours ago
  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    13 hours ago
  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    17 hours ago
  • 3 altcoina koje vrijedi pratiti u prvom tjednu srpnja 2025

    17 hours ago
  • XRP Bulls Are Soaring — FINDMINING Rides the Wave to...

    23 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.