The service will be provided mainly by insurance companies,these will be reputable so we won't need to ensure compliance. In the case of third parties, other than insurance companies, such as individuals, we will hold the funds they wish to use as protection in the system. As all the insurance contracts will be smart contracts, fraud will be eliminated.

There will be no third parties as we will streamline the communication process between insurer and end user. Users will have a rich insurance marketplace to choose from and providers a dynamic platform to generate novel and bespoke products. Anyone will be allowed to provide and/or benefit from insurance products on the platform, as long as the guidelines are followed.