Singapore-based provider of blockchain protocol for digital insurance, Aigang Network has revealed its plans to disrput the insurance sector. The company’s plans for the future are described in its latest whitepaper, which includes many new additions and an updated roadmap. Aigang offers a fully automated insurance protocol, made possible through smart contracts and IoT devices. The company’s technical goal is to build a protocol on a blockchain which would enable community, companies, developers build insurance modules themselves, using its infrastructure.
The Aigang Network’s blockchain protocol provides next-generation digital insurance for Internet-of-Things devices using Decentralized Autonomous Organization and smart contracts. The company is making headway into the InsurTech segment. The company’s latest demo app is built on Ethereum testnet and will be preceded by its mainnet release in the near future.