InsuranceFi wants to change the traditional insurance industry by creating a trusted decentralized platform powered by artificial intelligence to analyze and appraise risks and insurance contracts. Instead of cumbersome and non-transparent due diligence processes, insurance plans will be implemented using smart contracts.
In order to realize this vision, in addition to applying smart contracts to insurance contracts, InsuranceFi needs to
- 1.Expand coverage, not only your investment in us, but can also spread to others like: virtual assets, NFT, Cross chain Investment
- 2.Develop the InsuranceFi ecosystem
- 3.Add use cases for $IF
Infinity-Chain, a separate POS blockchain for the insurance industry could be the solution to all of the above problems.
Infinity-Chain allows real-life insurance company developers to access smart contracts and develop their DApps. Electronic contract will be replaced by Smart contract.
Moreover, by building a separate blockchain, InsuranceFi will be able to grow more users, manage and protect users' investments more easily. Thereby bringing a revolution to the insurance industry in 2023