Bitpark

We see mutual-help systems functioning on a variety of scales and levels, whether it be through insurance, mutual aid organizations, or through like-minded individuals pooling and purchasing items together. In utilizing cryptocurrency and Blockchain technology, we believe can make the process of mutual aid much more efficient and simple. By utilizing these technologies, we believe that the insurance world will expand as a whole. Whereas insurance and mutual aid organizations insert third parties into the equation in the money management process, our system takes out the middleman and uses Blockchain technology instead. In doing so, one can enforce contractual obligations regarding pooled money and payment. With crypto-currency technology, one can manage money speedily and smoothly — without getting banks involved. Plus, by separating the billing costs from the pooled funds, billing screenings can be performed amongst users through a user-based evaluation system, where screening officers are rewarded payout. In providing this user-directed insurance platform, we believe we can both aim for price improvement as well as supply optimal response to insurance-related needs.