Project Update | 2019.12.11

MDS is the first global mutual insurance marketplace on the blockchain. It combines the traditional mutual insurance model with blockchain and smart contract which provide a low operation cost and guarantee of compensation for risks.

We gratefully thank all the community friends and MDS fans that the project could not go far without your support and trust. MediShares project focuses on long-term development, and our community will always follow the principle of fairness and transparency. We biweekly release our project updates in form of the following progress journal:

Mutual DAO Protocol

Mutual DAO test version launched: http://mutualdao.org

It is based on Kylin testnet with the 'Accident Mutual Aid Program'.
The operation guide at http://blog.medishares.org/?p=2108

Mutual DAO contract at EOS Kylin testnet:
https://kylin.bloks.io/account/daodaodao111?loadContract=true&tab=Tables&account=daodaodao111&scope=daodaodao111&limit=100
https://kylin.eosx.io/account/daodaodao111?mode=contract&sub=interfaces

Open source code:
https://github.com/MediShares/mds-mutual-aid-dao-eos

We also target to integrate Mutual DAO with EOS Voice.com

Questions about Mutual DAO

1 What is DAO?

A Decentralized Autonomous Organization (or DAO) is a new type of organization that attempts to coordinate group activity and utilizes some form of “on-chain” governance. This is achieved through placing a variety of standard organizational functions into smart contracts, such as multiple signatures required for fund distribution, a process for creating, debating, and approving or denying proposals, and a recorded voting system.

2 What is Mutual DAO?

Mutual DAO is a new mutual aid system design based on blockchain & smart contract, which based on DAO (Decentralized Autonomous Organization).

3 Mutual DAO Process Flow

Screen Shot 2019-12-11 at 17.05.27

4 Mutual DAO's Target

Combines the traditional mutual insurance model with blockchain and smart contract, Mutual DAO can provide a low operation cost and guarantee of compensation for risks.

We believe that the blockchain will bring more inclusive protection product to the world.

MediShares Chain

MediShares Chain will be developed based on Polkadot Substrate, and will be a parachain in the future of Polkadot eco-system. MediShares Chain is an open-source, scalable blockchain platform specifically designed for the insurance industry and insurance market needs.

MediShares Chain testnet is in progress of developemnt, and the source code will be release in repo:
https://github.com/MediShares/medishares-chain-testnet

MediShares Official Site

We launched a fully new official site, and listed all platform/products based on MDS protocols.

Screen Shot 2019-12-11 at 17.06.02

MDS Telegram Group

https://t.me/medisharesEN

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