A blockchain-based, decentralized, open-source mutual guarantee contract market. Anyone can obtain the compensation qualification of the mutual protection contract on the platform by locking the MDS Token of MediShares, so as to obtain the protection specified in the contract. Anyone can issue a mutual protection contract through the MediShares platform and the smart contract template provided by MediShares, and obtain MDS from it award.

Project Highlights

No fund pool: use smart contracts to solve the problem of fund security.

Efficient operation: Use smart contracts and DAO to improve the operational efficiency of mutual guarantee contracts.

Incentive mechanism: Anyone can initiate a shared guarantee contract based on the smart contract template, and thus obtain MDS Token.

Value sharing: Allow guarantee participants to share the benefits and values ​​generated by the community.

Global Market: Based on the borderless circulation of MDS Token, the MediShares market is open to global users, and uses blockchain to complete compensation and settlement.

Application Scenario

The critical illness insurance contract mainly covers the protection of major diseases such as cancer. MediShares can solve the problem of transparency of the capital pool of critical illness insurance by completing the compensation through claims investigation and publicity and community voting.

There are a large number of diving enthusiasts around the world, but diving, as a sport with the highest mortality rate, has no corresponding accident insurance products. MediShares can provide a one-stop platform for mutual protection in the community.

Because of the high repair price of luxury cars, most insurance companies refuse to insure them, or the insurance costs are very high. MediShares can effectively reduce the cost of luxury car protection.

A large number of patients with chronic diseases (such as hepatitis B, etc.) are unwilling to buy insurance, because they are worried that their personal privacy may be leaked and their jobs may be lost. MediShares can solve privacy and security issues through blockchain.

Weather disasters are very rare events in specific countries and regions, but they are frequent events in the world. By reading the global weather and earthquake-related data interface, MediShares will realize a fully automatic guarantee contract in the true sense .

As more and more virtual digital assets enter the lives of ordinary people, the demand for security protection of virtual assets is also increasing. MediShares provides the possibility for virtual asset protection.

Related information:
https://www.biask.com/article/1070