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What is PolkaInsure Finance?

A new peer-to-peer insurance marketplace is being developed within the Polkadot ecosystem, entirely managed by participants in decentralized finance (DeFi). As users join this marketplace, they will be awarded the PIS governance token, which plays a crucial role in the platform's operations. In this groundbreaking model, anyone can apply for insurance while others have the option to provide coverage. The intention is to migrate Polkainsure to a specialized Polkadot parachain once product development is finalized. For now, the PIS token is issued on Ethereum to cater to high trading activity. Users can secure coverage via PolkaInsure without the need for KYC verification, thus promoting wider accessibility. All smart contracts related to PolkaInsure will undergo meticulous audits and will be deployed and verified on the Polkadot blockchain, ensuring their dependability. The claims process is driven by smart contract code, enabling instant payouts and confirming that all insurance agreements are fully collateralized. The platform will integrate seamlessly with assets like DOT and ERC-20 tokens, as well as crucial infrastructure services including Chainlink and TheGraph. We have recently introduced our products on the Moonbeam testnet, which operates as the smart contract parachain within the Polkadot Network, marking a pivotal achievement as we launch Shield Mining in this ecosystem. This initiative is expected to significantly alter the landscape of how insurance is conducted within the realm of decentralized finance, paving the way for unprecedented innovations. As we progress, we aim to enhance user experience and trust in DeFi insurance solutions.

What is Etherisc?

Select your crop and determine the location of your field, as the automated compensation system activates in response to drought or flood reports from governmental bodies. This marks the groundbreaking stage of decentralized insurance. The compensation is not only automatic but also delivered with remarkable speed. Now fully validated, this system is specifically designed for low-income individuals and small business owners. Immediate payments are triggered by wind velocity readings from weather stations within a 30-mile radius of the insured's primary residence. It also includes protections against theft and cyber threats targeting smart contract wallets. Furthermore, it provides affordable and easily accessible coverage against potential losses resulting from the death or serious illness of a community member. The provision of rapid emergency funds ensures individuals can better cope with adversities they face. This forward-thinking insurance model has the potential to significantly bolster the resilience and stability of at-risk communities, ultimately fostering a sense of security and hope in difficult times.

Media

Media

Integrations Supported

Ethereum
Chainlink
MetaMask
Polkadot
Telegram
WalletConnect

Integrations Supported

Ethereum
Chainlink
MetaMask
Polkadot
Telegram
WalletConnect

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

PolkaInsure

Date Founded

2020

Company Website

polkainsure.finance/

Company Facts

Organization Name

Etherisc

Date Founded

2016

Company Location

Germany

Company Website

etherisc.com

Categories and Features

Categories and Features

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