Assurance Chain (ASSC)

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Assurance Chain (ASSC) is a decentralized insurance platform that utilizes blockchain ​ technology. [1] ​ It was launched in 2018 and is based in Singapore ​​. [1] ​ The CEO ​ is Andrea Lijuan Bai ​. [1]

Overview

Assurance Chain has several advantages compared to traditional insurance. [1] ​ ASSC transforms the centralized operation of insurance to the community giving the insurance platform more autonomy. Claims can be filed quicker, premiums are lower, information is encrypted, and the process is more transparent. [1]

Several mechanisms provide value to token holders. These proposed mechanisms include a Value Creation Mechanism, Border Design Mechanism, Perpetual Mining Pool Mechanism, Multi-currency Control Mechanism, and a Depreciation Reserve Mechanism. [1]

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