Broadcast|G-insurance: Decentralized Insurance Ecosystem Invented by the New Federal State of China

By: MOS Media Team — Mindblade

G-insurance, a decentralized insurance ecosystem and a new addition to the New Federate State of China (NFSC), was firstly mentioned by Mr. Miles Guo in a live broadcast on GTV on January 19.  

For the current insurance industry, companies operate and provide services based on the premium payments from the customers. An insurance company compensates for a covered loss after receiving customer’s claim, which has to satisfy certain conditions approved by the insurer. But insurance companies could fail. Customers could suffer financial loss and damage.

G-insurance creates security. A G-insurance user’s account is similar to a digital currency account. Under a third-party supervision and in accordance to the white paper from G-insurance, users are well protected.

At the end of the broadcast, Mr. Guo announced that all the GTV investors and G-club members will have a free, decentralized G-insurance of the same value.

Article: G-insurance: Decentralized Insurance Ecosystem Invented by the New Federal State of China

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Disclaimer: This article only represents the author’s view. Gnews is not responsible for any legal risks.

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