Open decentralized autonomous insurance platform
MADE IN GERMANY
People around the world enjoy their lives without having to worry about any risks or losses.
The Asure team is a group of insurance and technology experts with decades of experience in the industry. We have worked on projects with Distributed Ledger Technology and projects with a focus on artificial intelligence in the context of insurance.
It is the foundation's goal to showcase and assist in how solutions will be developed. Therefore the foundation is doing active research and will share their findings with the broader community by
The main areas of research are social insurance and especially pay-as-you-go social security systems used by governments around the world.
As former business and IT specialists, we have access to consulting companies that will help to accelerate the development in early stages of the project. Our CEO Paul Mizel has gained invaluable experience in team building strategies and activities for multiple clients in Germany as well as in Kiev, Ukraine.
We're also partnering up with well-established companies and international research communities within the insurance industry to build up an entire ecosystem around Asure.
"We will enable governments around the world to establish pay-as-you-go social security systems and assist in migrating existing ones to the Asure platform so they take advantage of the blockchain technology."
Many countries have social security systems providing basic needs to citizens who are unemployed, ill or retired.
Pay-as-you-go systems can be used to fund social security systems. Premiums will be used to pay benefits directly and no or a small reserve is build. Countries, in difference to private insurance companies, can guarantee continuous premiums by making social security systems mandatory and therefore don't need coverage capital.
Due to their scale and longevity, administrative expenses of social security systems are extremely high. By leveraging the blockchain technology and the Asure platform we are able to cut costs and build secure systems for million of people.
The blockchain technology offers the benefits of traceability and cost-effectiveness. Put simply, a blockchain can be used to track the movement of goods, their origin, quantity and so forth. This brings about a new level of transparency to Asure ecosystems - simplifying processes such as ownership transfer and payments.
In addition to transparency, there are also advantages in reducing or avoiding unnecessary costs for IT infrastructure and reducing the costs for internal and external financial transactions, financial reporting and administration.
All transactions are cryptographically coupled and forgery-proof, which creates trust in the Asure ecosystem.
With the conversion to the so-called generation contract, it was possible to set up a pay-as-you-go pension system that for the first time made income and contribution-related wage compensation benefits possible in order to secure a livelihood in old age.
Today, the german pension system includes 53.8 million active insureds (Dec. 2015) and 20.9 million retirees (Jul. 2016). In 2016, the pension system was in charge of €295 billion from which €3.85 billion have been used for administrative expenses.
We are looking for governments and collaboration partners around the world that are interested in introducing new social security systems. Also we are interested in shifting existing social security systems to the blockchain.
Please contact us via [email protected].
The Asure dApp will become the reference implementation for dApps using the Asure protocol and platform. It will feature
Please try out the Asure dApp which runs currently on the Ethereum Rinkiby testnet. https://dapp.asure.io
This implementation is still very much a work in progress. It can be used for testing, but it should not be used for real funds. We do our best to identify and fix problems, and implement missing features.
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The Asure platform provides a solid foundation for a broad spectrum of insurance solutions and products. It enables individuals, companies, and governments to develop, run and maintain solutions which satisfy customers needs.
The Asure platform is open-source (MIT licensed) and development is happening in the public. The Asure Foundation, together with the broader community, will ensure the future growth of the platform. Therefore, the Asure Foundation specifies open standards (AIPs) within the insurance industry using the Asure platform and blockchain technology to enables the transition towards an open and decentralized insurance infrastructure of the future.
Understanding and comparing the details of various kinds of insurance can be complicated and time-consuming. At Asure, we make understanding insurance products easy. This will be achieved by a combination of diverse interactive data exploration and visualization techniques, product calculators, and artificial intelligence-driven chatbots.
To fulfill our promise of openness about business operation, Asure platform leverages the blockchain technology. Business logic is implemented as smart contracts and is run within the public blockchain of Ethereum. Due to the unique properties of blockchain technology, the implemented business logic can be inspected and verified by the public. Another advantage is, that smart contracts are tamper-proof.
At Asure we are working towards a self-regulating and fully autonomous platform. This will be made possible by building upon the latest achievements in technology like IoT, Big Data, Artificial Intelligence and many more. In the following you find some key areas of interest:
Asure offers a reward system which allows its users to make profit by contributing to the platform. Asure economy system supports two basic types of rewards: a proof-of-stake and a proof-of-activity which will reward active participants.
May 2014 - Blockchain Research
First research projects in cooperation with University of Applied Sciences and Arts of Dortmund to investigate the possibilities of blockchain for insurance industry and the development of first prototypes.
August 2015 - Artificial Intelligence Research
First research projects about Artificial Intelligence, Machine Learning, Big Data, and Predictive Analytics.
November 2016 - AI Kiev Labs
Paul Mizel and his team started the development of a prototype for an AI-driven insurance advisor and full-automated chat assistant. He has also built up an office in Kiev and coordinated the efforts as a product manager to further accelerate the development.
April 2017 - Smart Contract Research
First research projects on the Ethereum blockchain platform and proof-of-concepts about smart contracts.
Paul Mizel, Fabian Raetz, and Gamal Schmuck founded a new company
to face new challenges and work on ideas that make the world a better place.
With their expertise in the insurance industry, they felt the need for a new type
of insurance based on the principles of DAO. Since then they are working on their vision
which became Asure.
Jun. 2018 - PoC
PoC is done.
Fall 2018 - ICO
ICO Pre- and Main Sale.
Fall 2018 - Exchange listing
Exchange listings will be available after token-sale.
The first Asure Improvement Proposals (AIPs) are released and the reference implementations of the platform and MVP are uploaded to the Ethereum testnet. The platform can be reviewed by the community and the first improvements can be established around the smart product lifecycle.
The platform is also published on the mainnet and the community can implement the first products on the platform. The Asure ecosystem is scaled in development and extended by the relevant tools: AsureScan, AsureWallet, AsureBot, AsureId, AsureClaims.
Due to the open and expandable design, the platform and the best products prevail through self-regulation and are widely used by individuals in the mainstream as well as by companies, authorities, and governments worldwide. Asure will become the industry leader in the decentralized autonomous insurance platform.
"Most people overestimate what they can do in one year and underestimate what they can do in ten years."