Aigang Network, a Singapore-based leader in blockchain protocol for digital insurance, has launched Android and iOS demo app. Powered by Ethereum, the demo for the company’s Peer-to-Peer (P2P) digital insurance blockchain protocol for Internet-of-Things (IoT) devices is the first breakthrough of its kind.
This signals the birth of an exciting new fully Decentralised Autonomous Organisation (DAO) marketplace for consumer insurance harnessing the power of smart contracts. With a simultaneous launch on both the Apple App Store and Google Play Store, the app has been custom designed to operate as a smartphone battery insurance highlighting Aigang Protocol. Working as a Peer-to-Peer based marketplace between private investors and insurees, the demo features an attractive one month free, no long term contract, and instant payouts.
Through smart contracts, it’s possible to redesign a tired business model and old-fashioned insurance process in a decentralised environment. With more good news for consumers, insurance estimates are now based on the most recent data and claims can be paid out – instantly.