Decentralised insurance. Purely onchain insurance where the payout criteria are crowdsourced using an incentivised voting game
For Insurance
How is the score calculated?
To determine whether an idea is "Muck" or "Brass," we consider three key factors:
1). Is the search volume increasing? It’s advantageous to be in a growing market.
2). Is there significant competition? While competition can validate an idea, too much of it can make it difficult to stand out.
3). Are enough people searching for the relevant keywords? If search volume is too low, building a business around the idea may be challenging.
Of course, startups aren’t an exact science—very little people were searching for "couch surfing" when Airbnb first launched.
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Last 5 years
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Prompt
Copy-paste the following prompt onto Marblism to build this app
The software provides a revolutionary solution to the inefficiencies and trust issues plaguing the insurance industry by leveraging decentralized technology. Traditional insurance models often struggle with opaque payout criteria and lengthy claims processes that frustrate policyholders. Our platform addresses these pain points by utilizing a decentralized, purely on-chain mechanism where payout criteria are collaboratively defined and refined through incentivized voting by the community. This ensures transparency, fairness, and collective accountability, ultimately restoring trust in the insurance process. Additionally, the software mitigates fraud and reduces operational costs by automating key processes through smart contracts. Claim verifications and approvals are streamlined, eliminating unnecessary delays and improving the user experience for policyholders. With built-in incentives for accurate participation, our platform encourages a proactive approach to risk assessment and mitigation, leading to a more informed and engaged community. By aligning the interests of all stakeholders, the software redefines the insurance experience, transforming it into a transparent, trustworthy, and efficient ecosystem.
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