InsurChain Weekly Report (Jul. 24th – Jul. 30th)

InsurBox Open JS-SDK documents have been released, third party Dapp developers can contact customer@insurchain.org to get the documents.

Business & Cooperation

1. P2P Dapp to be launched

InsurChain is an insurance blockchain platform and is designed to build a more advanced insurance ecosystem.

InsurChain testnet has been launched and InsurChain team is working at full speed to develop actual use cases.

InsurChain will launch a Dapp for peer-to-peer insurance. This will not only become one of a major use case in InsurChain, but also an important attempt to connect blockchain world with the real one.

Peer-to-peer insurance

Peer-to-peer insurance (P2P insurance) has long been existed. It is originated from the idea of “one for all and all for one”. P2P insurance is flexible and democratic, everyone participate in the program is covered by the power of the whole group. Everyone is a contributor as well as a beneficiary.

P2P insurance is also in align with the transparency, open and immutable features of blockchain.

Therefore, InsurChain team prioritized the launch of a P2P insurance Dapp. We believe blockchain’s value will be fulfilled in this Dapp.

2. Technology

a. InsurBox Update
Data for this week: Weekly Active User: 71 thousand, Hashpower: 422.85 million.

b. Plan & Progress
*V2.1.0 quick news will be tested and launched this week
*Open API platform for Dapp is estimated to be launched this week
*Dapp Lottery and P2P insurance will be tested

Community Partners Project

Community Partners Project is a long-term project to improve InsurChain community. If you are interested in participating, you can add InsurChain customer assistant to ask for more information. Each group leader will be rewarded with INSUR if he delivers contributions.

Group leader will be awarded every month according to performances such as user amount, activity etc.

Market
Last week, the trading volumes of INSUR reached 1.469 billion and 210 million daily trade. Among all the trading, the trading volume of INSUR/BTC, INSUR/ETH and INSUR/USDT on OKEx reached 68, 32 and 110 million respectively.

Community

Community data update:
Telegram: members (23597)
Twitter: subscribers (5966)
Weibo: subscribers (1573)
Wechat assistant: friends (3106)

InsurChain official channels:
Homepage: www.insurchain.org
App link: https://wallet.qusukj.com/h5/shareSucc.html
Twitter: @InsurChain https://twitter.com/InsurChain
Weibo: @InsurChain https://weibo.com/insurchain
Email: customer@insurchain.org
Wechat Assistant account: InsurChain or InsurWallet
Wechat official account: insur666
Live stream on Yizhibo: 346495103