(2019-05-14) Digital Cooperatives Are The Future
Kayleigh Petrie: Digital cooperatives are the future. The operations, day to day decisions and rules can be easily handled and enforced by pre-defined code, called smart contracts, running on a blockchain.
The mutual and cooperative insurance market has been the fastest-growing part of the global insurance industry in the 10-year period since the global financial crisis, according to the ‘Global Mutual Market Share 10’ report. This is partly because consumer trust and spending declined. (mutual company)
Decentralised autonomous organisations (DAOs) are being described as the future of the firm. But we think we can do better by combining the benefits of a DAO model with the reassurances of a legal entity. We are linking the two concepts to form a digital cooperative.
Nexus Mutual operates as a digital cooperative and we would love to discuss our model, or any thoughts you have on it on our discord channel: https://discord.gg/xxFaAEn