Tezsure: Tezos Blockchain Project For Personalized Insurance Marketplace

Tezsure is an innovative platform built on the blockchain. It provides personalized insurance solutions to allow them to leverage the features of the blockchain. At the same time, it will function in a community-driven insurance pool with no third parties.

The Concept

The concept for the Tezsure project was created after a careful analysis of the current issues in the insurance sector. This project also intends to support the growing insure-tech industry. The project wants to revolutionize the current insurance sector. To do this, it will give control back to the people in a trust less and transparent manner that is easy to operate.

The Tezsure platform has a marketplace where users can purchase insurance products. The people can come together as a community, pool resources, set rules for insurance products, and claim back money when there is an issue with insured products. This will be done via the claim protocol.

What To Expect From Tezsure

The Tezsure’s main attraction is the decentralized marketplace. This is a marketplace with a huge array of insurance products. These are products, which have been created by the community. People can even come up with a product, start a community, and set the rules and regulations.

A marketplace with various types of insurance will assist people to pick products easily. Each user will have a Tez profile. They can use it to create and join pools, get rewards, deposit Sure tokens, withdraw the tokens, and make insurance claims.

How it works

Tezsure runs on the Tezos blockchain. It has the potential to transform the current blockchain sector. Tezsure architecture layer is built upon the Tezos blockchain. As a result, it will deliver all transactions that happen over smart contracts developed inside Tezsure.

What Makes It Special?

The cryptosign powered claim protocol is what sets the Tezsure platform apart. It is a protocol being developed to speed up claims. This is an AI blockchain protocol where a flag is generated when a claim is filed. The flag will tell the smart contract to unlock funds after the community approves with minimum votes. They will send money to the claimant’s Sure wallet.

An Example

Person A insures her car with Tezsure using the Car insurance protocol. She gets out of the shopping mall and sees that someone hit her parked car. As soon as the car was hit, the opening of the airbags generated a flag. The flag goes to a smart contract.

In just a few minutes, voting will take in the pool community. Everybody agrees since the flag was automatically generated once events took place. When the community reaches a consensus, funds are released, and the claimed funds are sent to the Sure wallet. Person A will get her money, and she will be happy.

What Others Think

The community believes that Tezsure will be one of the early projects to succeed in the Tezos blockchain. This is a project worth examining since it utilizes the Tezos blockchain. This will lead to more people being able to access decentralized insurance with ease.

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