A blockchain-based, decentralized, open-source mutual insurance contract marketplace. Anyone can obtain eligibility for compensation under mutual insurance contracts on the platform by locking MediShares MDS Tokens, thereby acquiring the specified coverage under the contract. Anyone can issue mutual insurance contracts through the MediShares platform and smart contract templates provided by MediShares, and earn MDS rewards from it.

Project Highlights

No Pool Fund: Solving fund security issues with smart contracts.

Efficient Operations: Enhancing the operational efficiency of mutual insurance contracts with smart contracts and DAOs.

Incentive Mechanism: Anyone can initiate a shared insurance contract based on smart contract templates and receive MDS Tokens as a reward.

Value Sharing: Enabling participants in insurance to share the profits and value generated by the community.

Global Market: Based on the borderless circulation characteristics of MDS Tokens, the MediShares market is open to global users, and uses blockchain to complete compensation and settlement.

Use Cases

Critical Illness Insurance Contracts mainly cover serious diseases such as cancer, and complete compensation through claims investigation disclosures and community voting. MediShares can effectively solve the transparency issue of the critical illness insurance fund pool.

There are a large number of diving enthusiasts globally, but there are no corresponding accident insurance products for diving, which has the highest mortality rate among risky sports. MediShares can provide a one-stop platform for community mutual insurance.

Due to the extremely high repair costs, most insurance companies refuse to insure luxury cars or charge very high premiums. Through MediShares, the cost of insuring luxury cars can be significantly reduced.

A large number of patients with chronic diseases (such as hepatitis B) are reluctant to purchase insurance because they fear that their personal privacy may be exposed and they may lose their jobs. MediShares can solve privacy security issues through blockchain.

Weather disasters are rare events in specific countries and regions, but they occur frequently on a global scale. By reading global weather and earthquake data interfaces, MediShares will realize truly automated insurance contracts.

As virtual digital assets increasingly enter the lives of ordinary people, the demand for security assurance for virtual assets is also growing stronger. MediShares provides the possibility for insurance related to virtual assets.

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