🌌|ANN| Aigang Network - Blockchain Protocol for IoT Digital Insurance |AIX|🌌

[GolumDeMort]



What is Aigang

The insurance industry is days away from a technological and business milestone. The Aigang Network’s token sale on November 15th brings together Internet of Things devices and Autonomous Insurance, promising self-paying insurance claims on a subset of the 55 billion IoT products forecast to be produced over the next eight years. Aigang has created Proof of Concept products on the Ethereum blockchain that detect faults or failure dates (initially in mobile phones) and pay insurance claims to the user without the requirement for any human oversight. In other words, Aigang is creating an insurance DAO; a Distributed Autonomous Organisation.

The Proof of Concept app, on the Ethereum Testnet platform, has more than 7000 downloads and around 2000 smart insurance contracts have been issued. Aigang has deployed smart contracts that issue policies, conduct risk assessment and process claims. It has also deployed smart contracts that perform insurance profit calculations, create reserves and tokenise the insurance risk pool. The protocol architecture is able to integrate other insurance products.

AIX Tokenx

Members will receive Aigang AIX token rewards in return for telling whether they are bullish or bearish on particular insurance markets or products. Aigang uses a ‘proof-of-stake’/‘proof-of-reputation’ algorithm based on token ownership and an immutable reputation score stored on the blockchain. It takes into account the current weight in the prediction market, mechanics of insurance pools, the user’s proportion of total AIX tokens, and their reputation score.

As well as predictions, the AIX token will allow members to submit proposals for product improvements, making prediction markets a tool for product development. A vibrant community of smart insurance enthusiasts is critical, and we will attract those people by rewarding accurate predictions.


Aigang Protocol Layers

We aim to build a DAO Insurance Protocol on a blockchain which would enable community, companies, developers build insurance prediction markets and insurance products themselves, using our infrastructure. That’s how we see the future of blockchain insurance protocol.

   

As seen on Media



Partners

[GolumDeMort]

Aigang Bounty
https://bitcointalk.org/index.php?topic=2280814.0

[GolumDeMort]

Reserved

[erikalui]

Currently there are quite many projects based on insurance like Insurex. Can you let me know how is your project different?

Is the whitepaper the final version? I can see some edits left to be made as per the comments.

[mafgwaf@gmail.com]

Hi I want to do Ann translation and Whitepaper translation for Philippines/Filipino
Here is one of my works

https://bitcointalk.org/index.php?topic=1872275.0
https://bitcointalk.org/index.php?topic=1886649.0
https://bitcointalk.org/index.php?topic=1855463.0
https://bitcointalk.org/index.php?topic=1835239.0
https://bitcointalk.org/index.php?topic=1838254.0

[JonasMatk]

Please look for available bounties on http://bounty.aigang.network/

Don't post here!

[kaneki007]

reserved indonesian translation

[szafa]

This is pos or something else?

[JonasMatk]

This is pos or something else?

Hey, you meant proof of stake?

[szafa]

This is pos or something else?

Hey, you meant proof of stake?

Yes i mean proof of stake.

[JonasMatk]

This is pos or something else?

Hey, you meant proof of stake?

Yes i mean proof of stake.

Aigang is not a separate blockchain. It will use Ethereum as the base layer, which is currently a proof of work.

[JonasMatk]

Currently there are quite many projects based on insurance like Insurex. Can you let me know how is your project different?

Is the whitepaper the final version? I can see some edits left to be made as per the comments.

Insurex is a marketplace for insurance. According to their description on TokenMarket - they should connect insurance institutions - insurers, reinsurers & insurance brokers into one network.

Whereas, Aigang is a protocol on which digital insurance is built upon. It's aimed for IoT devices - like phones, drones & autonomous cars. This protocol should redesign the whole traditional system.
I invite you to read one of our articles on Medium if you're interested in learning more - https://medium.com/aigang-network/try-dao-digital-insurance-and-you-will-never-go-back-to-traditional-insurance-b194c6403c81

On top of all this, it allows any private individuals to invest in insurance - hence the P2P factor & further separation from regular insurance institutions.


The whitepaper is not a final version. It's only 0.1 at the moment.

[dishku]

What blockchain you will choose to build this platform is that will be developed on Ethereum?

Looking forward to know some details about this app what use case this have?

[$crypto$]

http://bounty.aigang.network/
I do not see bounty facebook / twitter 

[JonasMatk]

What blockchain you will choose to build this platform is that will be developed on Ethereum?

Looking forward to know some details about this app what use case this have?

Yes, currently, we are building it on Ethereum.

It will be phone's battery insurance app. This app for us is just an MVP/demo - to show the concept that it's possible.
It will be available to download for everyone on iOS & Android. And the launch is planned for the next week.

Here's how it's going to look:
I can't post pictures here, but I posted it on Reddit - https://www.reddit.com/r/AigangNetwork/comments/6kzfcz/how_aigang_app_will_look_like/

http://bounty.aigang.network/
I do not see bounty facebook / twitter 

We don't have any plans for Facebook & twitter bounties.

[xx63245613]

IOT for Insurance is an interesting topic,i will follow this.

[scolary23]

http://bounty.aigang.network/
I do not see bounty facebook / twitter 

Maybe bounty for social media has not been opened, We wait for more information, this project has tremendous appeal.
I'm sure ICO will succeed in a matter of days

[JonasMatk]

http://bounty.aigang.network/
I do not see bounty facebook / twitter 

Maybe bounty for social media has not been opened, We wait for more information, this project has tremendous appeal.
I'm sure ICO will succeed in a matter of days

We don't see much potential in twitter & facebook as bots these days tend to skew results.
Maybe later we'll announce it, but for now, there are no plans for them.

IOT for Insurance is an interesting topic,i will follow this.

Glad you find it interesting

reserved turkish translation

Turkish is one of the few that got reserved very early on. For bounties please visit http://bounty.aigang.network/

However, we really need Japanese & Korean translations. And Chinese Bitcointalks thread translator.

[JonasMatk]

I just wrote Aigang's FAQ - https://medium.com/aigang-network/aigang-network-faq-some-whats-some-hows-some-whens-and-one-is-d80c7a8ae214

Hope it covers some of the questions about Aigang.

[boopy265420]

Although I already have invested some money in some similar project without mentioning it's name as that is not reasonable. This one also looks interesting at large but need to dig more to catch up with idea fully. Insurance industry has lot of space of expansion so it can easily get huge share of market. I will keep it watching an dreading more.