Team Name: SureFair
Team Members: Nathan Lewis, Zachary Williamson, Linda Ilonze, Trevor Oakley, Hari Rajapakshe, Adeyemi Toluhi
Team Leader:
What problem are you trying to solve?:
Today, large sections of the African population and hundreds of millions of other worldwide are denied the opportunities of having their goods insured. This market failure stems from high operating costs in large insurance companies and their inability to accurately forecast risk in developing nations and for micro-insurance demands.
These market demands also prevent investors from making profit by investing in underwriting ventures in the developing world and in micro-insurance operations.
Why do you think Blockchain/SmartContract may be the right approach?: Its decentralized nature makes it easier to increase the number of participants in the market. It also addresses the trust issues associated with the insurance industry.
API/DATA/Gadget you are thinking about using: Oraclize
What area do you need help on?:
Git Repo: https://github.com/NathanLewis/surefair
Team Name: SureFair
Team Members: Nathan Lewis, Zachary Williamson, Linda Ilonze, Trevor Oakley, Hari Rajapakshe, Adeyemi Toluhi
Team Leader:
What problem are you trying to solve?:
Today, large sections of the African population and hundreds of millions of other worldwide are denied the opportunities of having their goods insured. This market failure stems from high operating costs in large insurance companies and their inability to accurately forecast risk in developing nations and for micro-insurance demands.
These market demands also prevent investors from making profit by investing in underwriting ventures in the developing world and in micro-insurance operations.
Why do you think Blockchain/SmartContract may be the right approach?: Its decentralized nature makes it easier to increase the number of participants in the market. It also addresses the trust issues associated with the insurance industry.
API/DATA/Gadget you are thinking about using: Oraclize
What area do you need help on?:
Git Repo: https://github.com/NathanLewis/surefair