TandaPay Explained

How decentralized peer-to-peer insurance works

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How does peer-to-peer insurance work? Special thanks to Nichole Rose

How Tandas Work

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How TandaPay Works

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Wait, why do we need to use blockchain all of a sudden?

So you’re saying it won’t work without blockchain?

For TandaPay to work we need the following:

TandaPay Exchange Layer — 1

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TandaPay Exchange Layer — 2

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TandaPay Exchange Layer — 3

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TandaPay Escrow Layer

Do smart contracts become 3rd party custodians when they hold premiums?

The individual lock box analogy

The logical lock box architecture test

Why must all balances be reconciled to zero each month?

Can full rebate models reliably pay out claims in full?

So full rebate models are required to go to zero each period?

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Expected Premiums = for the entire group

Is TandaPay legally compliant architecture?

I was willing to make whatever trade-offs I could to gain the most legal compliance even if it vastly reduced the usefulness of the protocol.

Written by

Incentives architect for TandaPay

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