VoteSure is a decentralized platform designed to bring transparency and collaboration to the insurance industry through voting mechanisms. The platform consists of several key pages and functionalities:
Key Features and Pages:
- Insurance Voting Page:Only the contract owner, representing the insurance company, is allowed to upload insurance plans. This ensures that all uploaded plans are rigorous, authentic, and aligned with the company's standards.Users vote "Support" or "Oppose" to decide whether an insurance plan is approved and listed in the marketplace.
- Insurance Marketplace:Approved insurance plans appear in the marketplace, where users can browse, view details, and securely purchase policies.A portion of the premium paid by users goes to the company's account as a service fee, while the remaining amount is added to the insurance fund pool for future claim payouts.
- My Insurance Page:Users can view their purchased insurance plans, including plan details, status, and expiry dates.If a claim needs to be filed, users can upload the required documents directly on this page.
- Claim Voting Page:Users submit claims along with supporting documents, which are stored securely via decentralized storage.The community votes on the claim to determine its validity. Users must exercise rationality when voting, as:Excessively approving invalid claims could rapidly deplete the fund pool, causing the company to go bankrupt and making future payouts impossible.Excessively rejecting valid claims may damage platform trust, reduce user retention, and prevent new users from joining, leading to an unsustainable fund pool.
- My Claims Page:Users can track their claims, including voting outcomes and the number of "Support" and "Oppose" votes.Once the voting period ends, users manually settle the claim:If approved, funds are automatically transferred from the pool to the user's account.If rejected, users can revise and resubmit their claim for another round of voting.
Core Principles:
VoteSure empowers users to participate in the insurance ecosystem through democratic voting on plans and claims. However, the platform emphasizes responsible voting:
- By approving fraudulent claims, users risk depleting the fund pool and undermining the platform's sustainability.
- By rejecting valid claims without reason, users erode platform trust and diminish future participation.
VoteSure ensures a balance between company profitability and user satisfaction, fostering a robust, transparent, and collaborative insurance ecosystem.
