Directory/Takadao
Takadao

Takadao

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  • DeFi Apps
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Takadao

Technology to power mutual insurance DAOs as insurance alternatives

Takadao builds technology that enables communities to pool money together to mutually insure one another as a Decentralized Autonomous Organization (DAO), without the need for an insurance company. There are two key enabling technologies, a risk management algorithm and decentralized payout management. Both are designed to run on smart contracts to eliminate the need for a centralized party to MISmanage the funds. The blockchain ensures that the mutual protection DAO will operate exactly as agreed upon, computer code becomes law.

Use Cases

The Life DAO

The Life DAO is a non-profit mutual protection community where members pool money together to help one another in the event of unexpected death. Members contribute to the fund, share in the risk and rewards; and have a say in governance. DAO funds are invested for a return and used for payouts in case of a member’s unfortunate demise. Surpluses of the fund are redistributed to the members. The DAO is powered by Takadao technology which manages risk and payouts via smart contracts and tokens.

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