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Aigang

Ended
Ended: Dec 15, 2017

Autonomous Insurance Network

Blockchain protocol for digital insurance

Aigang is building autonomous insurance network - fully automated insurance for IoT devices and a platform for insurance innovation built around data.

Aigang is an autonomous insurance network - fully automated insurance for IoT devices and a platform for insurance innovation built around data.

29,274,566.72 AIX generated Aigang - autonomous insurance network with fully automated insurance for IoT devices and a platform for insurance innovation built around data. With smart contracts and a tokenised system that assesses risk, we‘re building a platform for autonomous insurance, usable by any manufacturer or insurer. Here is the pathway to that: Harness the wisdom of the crowd Form prediction markets whose members (token holders) are subject specialists and insurance enthusiasts Combine prediction markets with insurance pools Use prediction markets to assess insurance risk Construct algorithms that price the policy premiums and predict profitability Develop a token model that incentivises and rewards members for accurate insurance market predictions Create a network effect so that all token holders benefit from the efficiencies of the system, regardless of their individual forecasting success Automate through smart contracts Create a Decentralised Autonomous Organisation (DAO) that uses smart contracts to connect intelligent devices with insurance policies Connect to devices that communicate their need for maintenance or replacement Automate insurance payouts Use re-insurance to handle exceptions Automatically sell tokens or issue dividends to keep reserves within target range Partner with data providers Seek out manufacturers who already collect data on their devices’ operating states Collect data from drones and sensors that would help inform insurance risks Use device data as intelligence in valuing and creating policies Subject to the regulatory environment, encourage third parties to create insurance offerings using the platform Cooperate with manufacturers wanting to pre-install insurance policies The global IoT insurance market is expected to be worth USD 42.7 Billion by 2022 and we are positioning ourselves as a significant innovator in that space. We have demonstrated a proof of concept with working apps, integrated feeds from data suppliers, all required algorithms and business logic. We now require funds to build a fully operational platform, develop partnerships with data suppliers.

Aigang Platform working on Ethereum Testnet environement, with operation of the DAO insurance platform, including contributions to insurance pools and claiming rewards from writing insurance. The web UI is operational and is integrated with the Ethereum wallet Metamask.

Website

aigang.network

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ICO Details

Ticker Symbol:
AIX
Platform
Ethereum (ERC20)
Accepts:
ETH
Hard Cap:
45,000 ETH
Country:
Singapore
KYC:
face
Total supply
46,093 AIX

Public Crowdsale

Ended
Date Sale:
Nov 15, 2017 — Dec 15, 2017 @ 30 days
Price:
1 AIX = 0.34 USD (0.0005 ETH)

ICO Overview

Aigang aims to build blockchain protocol for digital insurance, which can be used as layer protocol using DAO and smart contracts for insurance services for IoT and smart devices.

About Aigang We are rushing into an era of pervasive connectedness. 55 billion Internet of Things (IoT) devices will be bought over the next eight years. Most of them will be able to diagnose their own operating state and communicate imminent failure. Because none of this requires human verification, there is an opportunity for automated insurance products - insurance that verifies claim events and pays claims automatically. There is a second opportunity. Most IoT devices collect data. Drones, sensors and cameras can send data that can be used as an input to insurance calculations. This will see an explosion in the number and diversity of insurance products. With smart contracts and a tokenised system that assesses risk, we‘re building a platform for autonomous insurance, usable by any manufacturer or insurer. Here is the pathway to that: Harness the wisdom of the crowd Form prediction markets whose members (token holders) are subject specialists and insurance enthusiasts Combine prediction markets with insurance pools Use prediction markets to assess insurance risk Construct algorithms that price the policy premiums and predict profitability Develop a token model that incentivises and rewards members for accurate insurance market predictions Create a network effect so that all token holders benefit from the efficiencies of the system, regardless of their individual forecasting success Automate through smart contracts Create a Decentralised Autonomous Organisation (DAO) that uses smart contracts to connect intelligent devices with insurance policies Connect to devices that communicate their need for maintenance or replacement Automate insurance payouts Use re-insurance to handle exceptions Automatically sell tokens or issue dividends to keep reserves within target range Partner with data providers Seek out manufacturers who already collect data on their devices’ operating states Collect data from drones and sensors that would help inform insurance risks Use device data as intelligence in valuing and creating policies Subject to the regulatory environment, encourage third parties to create insurance offerings using the platform Cooperate with manufacturers wanting to pre-install insurance policies The global IoT insurance market is expected to be worth USD 42.7 Billion by 2022 and we are positioning ourselves as a significant innovator in that space. We have demonstrated a proof of concept with working apps, integrated feeds from data suppliers, all required algorithms and business logic. We now require funds to build a fully operational platform, develop partnerships with data suppliers, extend our organisational infrastructure and promote the platform on an appropriate scale.

Aigang is building autonomous insurance network - fully automated insurance for IoT devices and a platform for insurance innovation built around data.

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Hype ICO Stats

Team

Augustas Staras
CEO
Naglis Zemaitis
ANDROID DEVELOPER
Mindaugas Jucius
iOS DEVELOPER
Lukas Kairys
SMART CONTRACT DEVELOPER
Marius Adasiunas
Full Stack Developer
Jonas Matkevicius
MARKETING MANAGER
Aidas Ignatavicius
CHIEF ACTUARY
Darius Devenas
Lead Software Engineer
Saulius Grigaliunas
Lead developer
Reda Markeviciute
INSURANCE PRODUCT & POLICY

Advisors

Clarence Guo
Legal advisor
Bok Khoo
Blockchain Advisor
Niv Calderon
IoT Advisor

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