Nexus Mutual
Returning the power of insurance to the people
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Nexus Mutual is a blockchain based mutual platform which aims to solve all the problems regarding insurances.
The purpose is to get rid of the insurance companies and create a decentralized platform.
Blockchain is changing the world!
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Cool Hunt !
Hello, I really appreciate your effort & Here is my opinion-
As I have seen so many centralized Insurance companies but as consumer we have to face some problem and trouble at the time of payment and we need to wait so many days In such situation having a Decentralized and Blockchain Powered Insurance System is needed.
As it transparency and we have trust of Blockchain Technology and I would love to have insurance in such System rather than Centralized.
Thank You & Happy Hunting :-)
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Thank you too!
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wow..
Really its have awesome facilities.This is blockchain based thats really interesting.Also we can solve insurance problem .esaily.I hope people will love this system .
Thanks a for your excelent work keep it up...
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Whoa!! I never think that Insurance would be decentralized one day. That's insane to me. The local private companies who convince you for the useless insurance policies for the sake of commission should get rid out of them. And, start using decentralized blockchain mutual insurance as the future is all about BLOCKCHAIN. BLOCKCHAIN is a LIFE!
Nice Hunting!! Keep it up!
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True!
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My only problem is how? We are still in early stages of decentralised blockchains and even bitcoin, after 10 years, has neither become a store of value or a payment mechanism and both those use cases are simpler use cases as opposed to decentralised insurance. I am not saying decentralised companies are not possible but may be the odds are against this idea at the moment.
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It will take some time until everything will be perfect
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Although all insurance schemes seem profitable and attractive on the surface but in reality only a few are worth the effort and money.
This is where Nexus Mutual comes in. Since it is decentralized, meaning there is no chance of fraud or hidden clauses.
Superb Hunt!!!
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First, long time no see your hunt @jwolf, where have you been?
Blockchain can ensure anything is "honest". There are no more lies that can be covered up, and there will be no disputes that are difficult to resolve because all the evidence is clear.
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I stopped hunting for a while but I was daily on SH :D
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Nexus Mutual is very useful blockchain based mutual platform that run entirely by it's members uses the power of Ethereum to solve the problems of insurance. This platform allows members to share risks together and decide about claims without insurance company returning the power of insurance to the people.
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hmm now insurance would be decentralized really cool but still if we take an example of crypto the main purpose was crypto is to get rid of the traditional banking system but still, we have that system correct me if I'm wrong so i guess traditional insurance companies would be there but insurance on decentralized platform is cool initiative at least there won't be any commission and it would be transparent and easy
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Time will solve everything!
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This is a nice idea, and maybe one day Insurance will be handled on the blockchain, but I don't think it's practical at the moment.
I'm not sure how far down the line they are with their offering/service, or which regions they serve, but [for example] in the UK you are required by law to take out an Insurance policy if you're driving on the road. And saying you have a blockchain policy would not cover you - so you'd be breaking the law.
Yes, in theory, you could insure you mobile phone on the blockchain, and may get your claim answered, and a payment if you need it, but I wonder how foolproof the voting system is.
Are users of the service/app going to spend their time reading through claims, and decide on who gets paid, and who doesn't? If so, what are they basing this decision on? Insurance fraud is huge "business" and that's why the Insurance companies employ claims handlers & investigators - it's not just your word goes!
This is a nice idea, and I really hope that one day this can become a reality, and disrupt the Insurance industry (which really, REALLY needs disrupting), but I don't think we're quite there yet. But, I really do hope to be proven wrong!
Nice hunting :)
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Thanks a lot!
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This is certainly one of a kind! Who would have thought that insurances can be brought into the blockchain one day? Now here it is... The founder of this is really clever.
I have to admit though that I am still not clear as to how it works. I am in transit and playing the video is a challenge. Maybe you could added a short overview on your hunter's comment, that will be great.
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After a long time I have seen you active here at SH. Welcome back man. Thanks for a wonderful hunt which is insurance based named Nexus Mutual. Thanks for searching a very nice one. Keep sharing.
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I had some problems to solve but now I am back! Thanks
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Wow excellent hunt
In general we face so many problems in Mutual Insurance. Some times they not support us for clarify our doubts.
Mutual funds in blackchain technology is very helpful because hear all get all information at Realtime.
One more future is we can access any Time any where according to our needs.
Excellent hunt, Thanks for sharing
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Nice and have to say the decentralization of the of the insurance could sure make it very much useful and yeah have seen quite a lot of hassle of these so called insurance companies. While decentralization could sure make it much more effective and trustworthy I believe. Nice hunt !!
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Always great to see new project based on the blockchain, especially when it can change the ways banking institutions or insurance operate. It can curb the unbalanced relationship between the large institutions and customers (= us).
Worth to read the Whitepaper.
Thanks for sharing this project @jwolf
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I appreciate the efforts of the hunt.
Being a consumer a lot of problems are faced in centralization.
So i am pleased to see Nexus Mutual is a blockchain based mutual platform.
This is such an amazing platform which aims to solve all the problems regarding insurances.
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Ok for me is the hunt of the day , give something different and for sure is going the blockchain to the next phase, great app great job great hunting. For me today’s best thanks a lot men keep going
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This is amazing that now insurance system is getting online blockchain based it will help many people and will manage peoples data , This technology should be spread in world as fast as can
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Block chain based platforms are always appreciated. Because this is the future. The main point for get rid of insurance companies and creating decentralized will help people and will make them easy. If it can solve insurance companies problems then it will be very useful and helpful for us.
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Nexus mutual insurance management committee ,take a bow.I never thought that insurance company will come with blockchain system.But you guys did it.Now blockchain system is the future .and doing this it will wipe out problems regarding insurance.As it giving power back to customer now there will be less risk and hesitation to open a insurance.Hoping for best nexus mutual.🙂
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Really cool news for crypto world. I have been woorking in crypto world in 2 years.
Insurance will help Blockchain. More people will attract at Blockchain now.
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Insurance is the need of many people. This Nexus platform combines insurance and blockchain. very interesting project. in the future it looks like Nexus will be a smart solution. brilliant
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It is very smart and great idea. I am happy to see a platform about insurance on Blockchain, for sure these kinds of platform will be helpful for development of Blockchain. Great hunt.
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Given that NexusMutual is based on blockchain technology to solve the problems faced by the old ones, I think that this allows the members of the mutual to trust each other without knowing each other, which allows the community to expand, contrary to the first examples cases where the first mutual had difficulty in trusting people from different cities or villages.
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Now a days Insurance companies are very harassing to their customer. We need to recover this type of harassment. And I am very satisfied and appreciate this project. Because its doing protect against harassment of Insurance company using block chain technology.
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Cool Hunt and very good idea . You find very good hunt . I really appreciate it. Thank you so much for sharing with us
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Congratulations!
We have upvoted your post for your contribution within our community.
Thanks again and look forward to seeing your next hunt!
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