There isn’t a specific reason we chose BTTC initially, but we may consider deploying on both BTTC and TRON mainnets later to enhance interoperability. Combining insurance with blockchain is indeed an exciting approach, and we appreciate the encouragement!
Sorry if those questions have been asked before, but I wanted to know:
If you already have some contacts with Insurance companies potentially interested in using blockchain technology (your own platform in this case) to issue contracts
If you have integrated or have a system that will allow users to integrate oracles in order to settle the case if a real life event occurs (I think about the traditional exemple of a farmer that insure his crops in case there is not enough rain during the growth period. An oracle could determine if there was in that area more than “x” mm of rain per m2 and therefore automatize the release of the compensation or not)
How do you work on policies compliance? Do you work with lawyers or have some lawyers in the team? The framework might be different for each country/region so it seems to be a huge work
Good luck for the voting period and your web3 journey
We have something exciting to share! Here’s our team member, @ishtails . Recently, we had the chance to present JustInsure at our uni in our class, gathering valuable feedback from both our fellow students and professors. It’s been an inspiring experience!
Hi, sorry for the late reply – I was occupied with some things.
To answer your questions:
No, we did conduct a survey once where we managed to get contacts of officials from some of Asia’s reputed insurance agencies. Most were reluctant to move on-chain, and those open to it were generally working on in-house blockchain products. This would indeed be a significant step in onboarding such an audience, especially in the corporate sector. For now, it’s planned for the future, with an initial focus on smaller companies, ideally in crypto-friendly locations like Singapore and Malaysia.
Regarding oracles, yes, such calls can be made via both the claim and premium calculation functions. Your example of crop insurance is actually a perfect case. We previously built a similar solution, Agrosurance[Project Link], which was a direct inspiration for this project. After that, we saw the potential to create a scalable, generic architecture, like Justinsure, enabling multiple companies to collaborate on a single shared platform with white-label solutions through API calls.
As for policy compliance, it’s quite complex, especially at such an early stage. Our team hasn’t yet started looking into building compliance processes, but it’s definitely on the roadmap.
Hi @constantinpricope201
Would you mind taking a look at the link below? I’ve shared an explanation there about why we submitted this as a new project. If you still feel something is missing, please feel free to ask, I’d be happy to clarify!
Thank you!
I read all of your comments over your project page. Voting for you now. Glad to see that you developed that project + interacted with forum regularly. Hoping that results would make u happy
Thank you so much for your support! It really means a lot to us. I appreciate you taking the time to read comments and engage with our project. Hoping for the best outcome!
Hey everyone!
Looks a little quiet in here, Let us try creating a new policy! Guess what? You can create a new policy without any hassle – no gas fees needed, just a quick message signature, and you’re all set!
Here’s the Quick Guide to Creating Your First Policy:
Get Set Up as a Marketer
Head over to Settings in the side menu, where you can register as a marketer.
Grab a nice photo for the registration.
Once you’re signed up, you’ll see some new sections pop up in the side menu.
Jump to the Marketing Page
Now, go to the Marketing section, and you’ll find a form to create your new policy.
Fill in all the details carefully. No worries if it feels a bit detailed – it’s a one-time setup!
Define Your Premium & Claim Validation Functions
For the policy to work, you’ll need to create two Python2 functions:
Premium Function: Returns a float (your premium amount).
Claim Validation Function: Returns a boolean (true/false for claim validity).
Use the UI to set up any arguments these functions need, and don’t forget to add a description for each one. This will help everyone (even non-developers) understand what they do!
Save and Activate
Hit Save to create the policy, and you’ll land on your dashboard where you can see it listed.
To set your policy live, you’ll need to stake some USDJ. Click Set Initial Stake and enter an amount to get it started.
Customize Even More (Optional)
Once active, you can still edit your policy! Add or change the image, throw in some tags. This is a new feature, so it’s not in the video demo, but it’s available now!
Find it on the Policies Page
When it’s all set up and enabled, you’ll see your policy in the Policies section. Check it out and explore!
Let me know how it goes! Feel free to share any thoughts, questions, or ideas you have on making policy creation smoother. I just created a new policy while writing this message, in it, the claim and premium function are given by chatgpt, Just for the testing purpose, you can get similar function by giving prompt to chatgpt as
Please create a Python 2 function for calculating health insurance premiums. The function should return a float and accept certain arguments provided by the insurance buyer in order to compute the premium. Additionally, the function should access claim_duration and claim_value without requiring them as arguments, where claimValue is represented in USDJ (fake USD) and claimDuration is in milliseconds. Also, kindly specify the types for each of the function’s arguments separately.