Guardian selects the third-party assessment agencies, teams of medical experts, and lawyers through public elections to rigorously identify the authenticity of mutual support events. In the case that fraud is discovered after the allocation of mutual support funds, the platform will be obligated to recover the funds.
The incidence rate of major diseases will change with the factors of people's living environment, eating habits, working conditions and so on. For example, due to the change of cancer incidence rate, the rights and obligations of members of different ages are extremely unequal. Guardian quarterly provides mutual support plan operation status and future recommendation report to members, closely monitors the illness incidence of the members of the mutual support plan on the platform, and combines this with market data to track and measure the incidence rate of cancer. If there is a significant change in the incidence rate, resulting in the unequal rights and obligations of members, suggested adjustments to the rules of the plan will be put forward.
Guardian regularly publishes monthly mutual support events which are in line with the rules of the plan, and accepts other members’ questions and legal investigations. In order to confirm the authenticity of the mutual support event, the mutual support members all agree that the platform will publicize the true identity of the mutual support applicant together with the process and details of the event to other members, and disclose the claim document provided by the applicant.
Community members verify and supervise system operation through the blockchain browser's transfer records and the TX signature of trades. Multiparty cooperation is built among professional organizations, and they adopt trade signature method to complete risk pricing, financial investment and claim management. With the permission of the customers it manages, data provider will assist customers to realize the personal information assets. Based on these data, operations like differentiated insurance pricing, design, underwriting, claim settlement can be automatically executed by smart contracts, completely achieving “weak centralization” and “de-intermediation”.