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Topic: NEM (XEM) - PolicyPal Network to collaborate with NEM Blockchain Projects (Read 128 times)

legendary
Activity: 1918
Merit: 1001
Insurance on the blockchain is long overdue, great to see that NEM has been selected for this project Smiley
member
Activity: 323
Merit: 14
In addition to last week’s announcement with QTUM, we are pleased to announce our collaboration with NEM! Highly ranked on CoinMarketCap at 14th position, NEM has been in the markets for almost 3 years now!

1) CryptoProtect insurance for projects built using NEM Blockchain

PolicyPal Network has confirmed a partnership with a global insurer (currently under Non-Disclosure Agreement) to underwrite CryptoProtect insurance for the Big List of Projects Built Using the NEM Blockchain on the following products!

  • Business smart contracts/ protocol
  • Accidental bugs
  • DAO hack, loop hole in the contract which is a code error resulting in hackers exploiting the code

This CryptoProtect insurance will cover the following:

  • Network security liability — for hacked or compromised systems including denial of service attacks.

2) Seamless Integration, Huge Value: PolicyPal Network insurance‘s integration with NEM projects’ platforms

PolicyPal Network has tied up with various insurance providers to offer insurance coverage with automated claims process. One of these partnerships is with FWD — owned by Richard Li (son of Li Ka Shing). Users of the Big List of Projects Built Using the NEM Blockchain will be able to purchase insurance with PAL tokens via these NEM projects’ platforms.

All insurance purchases will be stored on the smart contracts by PolicyPal Network. We offer different options for integration with NEM projects, with various levels of customisation such as REST API and widget.

At the first stage of the launch, PolicyPal Network will be distributing the B2C products to NEM projects and they can obtain insurance on the wallet at a discounted rate. Nem Projects will be the front end for distribution.

Following that, PolicyPal Network will build and develop PolicyPal Network Blockchain based off a private fork of Ethereum codebase which will be tailored for the insurance products across multiple markets.
 
PolicyPal network will be integrated with the distribution partners and insurers which will be processing and owning the data of various countries’ insurance premiums, claims ratio and demographic profiles.

Source: https://medium.com/@policypalnet/policypal-network-to-collaborate-with-nem-blockchain-projects-b3c8852a5292

---- FOLLOW NEM ----
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BCT:
https://bitcointalksearch.org/topic/nem-xem-official-thread-100-new-code-easy-to-use-apis-654845
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