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Review on MediShares by francis fernandez

Revainrating 3 out of 5

decentralizing insurance contracts through blockchain technology

Having a mutual insurance policy is a necessity for many but not accessible to everyone; since the cost of hiring these is normally very high.
In this sense, blockchain technology has made it possible to develop a more affordable and fully decentralized solution, known as the Mutual DAO System. But what does this digital mutual insurance platform offer us? Let's see it next:
 Creates a market without custody or intermediaries to acquire insurance services of a mutual nature
 Allows free access to insurance activity through the deposit in an MDS cryptocurrency smart contract
 Reduces the monopoly of large insurers and reduces the gap between ordinary individuals and insurance contracts
 Does not require investment in mining pools
 It allows to reduce the cost of operation and management of insurers
 Allows insurers to access the decentralized securities market through the MDS token
 Allows insurance agents to participate in the benefits of the network
 Provides global access for any individual to non-custodial insurance services on a global scale
 Offers mutual support incentives for cases of serious health conditions
 Offers support incentives to athletes who perform high-risk activities as divers
 It allows creating personalized insurance contracts tailored to the protection needs of each user; both to attend to health problems and to prevent fraud to personal finances
 The network promotes the decrease in inflation by burning a portion of the native token.




Pros
  • Creates an open market for the trade of insurance services
  • Allows anyone to join the non-custodial insurance system
  • Provides easy access to the platform to be an insurance agent
  • It allows the reduction of costs in the contracting of insurance
Cons
  • Does not show disadvantages