Storiqa has recently closed the soft cap of $ 5 000 000 and is ready to make a difference in eCommerce. The new Blockchain-based platform may seriously change the usage of cryptocurrency, making it wider and more common for the general public.
The new project unites the manufacturers from all over the world, giving them all the necessary tools for easy and transparent trading without the middlemen. Only direct communication between seller and buyer without the borders and with the opportunity to pay with cryptocurrency.
Digital currency becomes more and more popular in the world. Futurologists already speak about the new society and economic system, free from traditional banks and centralized structures. The world, where all the processes are based on smart-contracts. It spreads and becomes known everywhere – from US, Germany, and UK to the post-soviet countries like Estonia, Latvia, Russia and so on.
However, despite all the expectations, hopes and enthusiasm, cryptocurrency still experiences some problems. Usage is one of such an issues. Nowadays, the digital currency has limited usability – AirBaltic, some e-shops, darknet markets, some pubs in Europe. Still, all that is incomparable with the usage of the fiat currency.
There are different ICO, aiming to find the solution to this problem. Storiqa currently is one of them and turns to be the most useful one. This Blockchain-based marketplace, which allows to vendors and manufacturers create their own e-shops, where customers can pay with cryptocurrency as well as fiat money. The founders of the platform believe that soon Storiqa will be much more popular and attractive for the producers from all around the world. It gives an opportunity for small-scale producers to go global passing barriers such as high expenses for developing online shop and its maintaining.
Unlike most of the e-commerce platforms, Storiqa does not require special programming skills, there is no middleman between customer and merchant, as well as there are no high commissions for payments and during 2 free months a seller will be able to try key platform features: goods localisation with help of community members (copywriters, photographers), support 24/7 in 8 languages, transparent review system and affiliate marketing (traffic monetization for bloggers with referral links leads to sales increase for sellers). On the one hand, Storiqa has all necessary tools for effective business, and on the other, it is free from the most of the disadvantages, typical for the traditional e-commerce.
Storiqa is the marketplace platform powered by Blockchain. The goal of Storiqa is helping the local businesses to create e-shops in short terms, as well as integrate cryptocurrency usage in the e-commerce industry. Legally Storiqa is based in Switzerland and conforms to the laws of this country.
Insurance is an industry that is more than 300 years old with a huge market value.
However, the capital efficiency of traditional modes of insurance is less than 20% due to a lot of funds being paid as salary of insurance brokers and overheads of business operation. Most insurance organisations are overstaffed, and overall mechanism lags behind the pace of market development, leading to avoidably low operational efficiency as a whole.
How to reduce the operational costs of insurance? Blockchain technology gives the solution in a new way.
Yingning Wei, the former vice chairman of CIRC, said in 2016:“ Instead of internet insurance, blockchain technology is going to overturn the traditional insurance.”
That’s what MediShares sees.
What will insurance be like in the future?
Skyscrapers of the traditional insurance company
Centralized, high costs
Limited reduction of the cost
Mutual aid “smart contract”
Decentralized, reduce the operating costs to zero
Mutual aid contract, a program runs on blockchain, can not be changed by anyone once it is recorded on blockchain, as same as the data saved on blockchain.
Mutual aid contract is going to be the future insurance thanks to its irrevocable characteristic.
It has a huge advantage over the traditional insurance, as its settlement process will be implemented by the tokens locked with smart contract, which ensures the promised compensation will be positively fulfilled .
As a mutual aid contract will replace an insurance policy, there will be a huge contract marketplace, which is exactly what MediShares is working on.
What is MediShares?
MediShares is an Ethereum-based, decentralized, open-source mutual insurance contract platform.
Globally, any organisation or individual can be qualified for settlement under mutual aid contract by locking MediShares MDS, so as to be eligible for the mutual aid amount so specified in the contract.
Globally, any organisation or individual (which is properly licensed and/or otherwise qualified, as assessed by the Platform) can create mutual aid contracts via the smart contract template provided by the Platform, and MDS will be paid to these contract creators.
Infinite possibilities of mutual aid contract based on MediShares
Mutual Aid Contract for Serious Illness
Serious illness insurance contract mainly covers insurance for serious illness such as cancer, for which settlement is completed upon completion of claim settlement investigation, result publicity and community supervision, and as a general rule there will be a half-year observation period.
MediShares’s first participant-Zhongtopia, which has more than 9,000,000 mutual aid members and owns rich experience in mutual aid community operation product design, will create mutual aid contract for serious illness on MediShares. This will be the first mutual aid product without capital poor in history and will improve the efficiency of mutual aid. Zhongtopia’s low operational cost model naturally matches blockchain’s decentralization.
Mutual Aid Contract for X-sports Fans
Take diving of X-sports as an example, the number of global diving fans is large, but this risky sport of the highest death rate is not matched by corresponding accident mutual aid product.
Through the Platform, the members of diving association (e.g. Professional Association of Diving Instructors) or community can create mutual aid contracts targeting diving fans.
Mutual Aid Contract for Various Illness
Many patients of chronic diseases (e.g. HBV) are reluctant to buy insurance for fear of disclosure of personal information (which may result in unemployment).
With cryptographic methods such as zero-knowledge proof, anonymous illness mutual aid contracts of blockchain can protect the user’s privacy, while at the same time deliver fair and impartial mutual aid assistance.
Mutual Aid Contract for Supercar Owners
Due to expensive maintenance price, supercars are declined for insurance by most insurers, or supercar owners are discouraged by expensive insurance premium. To illustrate, the seasonal expenditure of Top Gear on Hunan Satellite TV could not afford to pay the insurance premium for one test drive of a Ferrari 250 GTO.
Supercar club or owner can remarkably reduce the cost by creating mutual aid contracts for use by other supercar owners.
Mutual Aid Contract for Disastrous Weather
Disastrous weather is small probability event in a certain geographic area, but from a global view it occurs relatively. With the trend of increased frequency of these event, many families suffer a lot as a result.
Automatic triggering of smart contract is achieved by reading global independent and unbiased weather and earthquake related interface, so as to realize full automatic mutual aid contract in its truest sense.
Mutual Aid Contract for Virtual Asset
With more and more virtual digital assets coming into the life of ordinary people, market demand for safe virtual asset insurance is increasing.
The user can create mutual aid contracts established for the risk of loss from transaction of virtual asset; once the user suffers loss and provides publishable evidence, he/she will be recovered such loss.
Advantages of Decentralisation
No Capital Pool: All tokens are locked by smart contract.
Low Operational Cost: Smart contracts and DAO will significantly reduce the operational cost.
Incentive System: Anyone who become insurer in MediShares shall gain MDS Token from the marketplace.
Value Sharing: Policyholders will able to share the community profits and value.
Global Marketplace: Break the geographical restrictions and allow users to participate globally.
Mission & Vision
MediShares is going to build a more efficient and fair blockchain-based mutual aid contract marketplace to create a better health care system and improve social efficiency. It is believed that blockchain technology will achieve the inclusive finance.
EventChain Smart Ticketing platform — solving counterfeiting and ticket scalping using the Ethereum blockchain. EventChain is an advanced decentralized blockchain token network that powers a unique smart contract ticketing system (SmartTickets™). EventChain solves many of the problems with current event ticketing systems available today while providing the additional benefits of using a blockchain as the foundation by creating immutable Smart Tickets that cannot be counterfeit and allow artists and vendors to sell tickets with almost no processing, convenience, and purchasing fees.
EVC Tokens are an ERC20 Ethereum token designed specifically for use as a utility token within the EventChain platform. Both the EventChain system and its EVC Tokens encourages everyone in the ecosystem, including all stake holders such as event managers of sport and concert events, party organizers, social clubs and ticket purchasers to sell or buy SmartTickets using EVC Tokens and other traditional payment methods.
What Ticketing Problems are solved?
There are many many issues in the current event ticketing industry that are solved through EventChain, but lets focus on four of the main issues
1. Counterfeit tickets are created and sold for events.
A finite amount of immutable SmartTickets will be available for each event and are tied to an event’s smart contract. Each SmartTicket has a unique nonce, or unique sequence number that makes it impossible to be sold multiple times or counterfeited on the network. Proof of ownership can be verified through the Ethereum blockchain by implementing zero-knowledge proofs whereby a purchaser can prove ownership of their ticket without revealing any information besides the fact the ticket is theirs.
2. No immutable proof that the ticket is an authentic original ticket
SmartTickets have the ability to maintain data in the form of smart contract code and can be interpreted through the EventChain Oracle, so if a SmartTicket is resold all of the original ticket information is still embedded on EventChain’s framework.
3. Pre-sale ticket offerings are often not transparent
Using the Ethereum blockchain as a foundation brings a higher level of transaction accountability, scalability and fungibility to the event ticketing industry than any existing centralized ticketing architecture available. The EventChain network on the blockchain brings complete transparency to all parties involved.
4. Ticket scalpers mark up resale tickets 200% or more in an unfair manner
SmartTickets are fully programmable, enabling smart contract code that can peg tickets at a permanent price, designate a maximum markup value, or attribute any other individual or group ticket pricing variables on both the primary and secondary markets.
To prevent massive ticket purchases from scalpers, event ticket distribution options can be tailored with any custom range on the amount of tickets available to single users or groups, and optional constraints that allow for alternative distribution methods.
More Ways to Learn more about EventChain
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