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What is Blockchain-Based Parametric Insurance about?

This paper presents a blockchain-based insurance model that combines parametric and collaborative insurance elements on the Ethereum blockchain. It involves a smart contract where investors, called surplus providers, lock funds to underwrite insurance contracts that automatically trigger payouts based on predefined conditions. The model includes token distribution for governance and incentivizes participation while addressing challenges in traditional insurance processes.

Author

udaynaik057

Language

EN