Guardian Execution Plan

1.Creating a decentralized blockchain mutual community

2.Developing anti-inflation mutual support financial products

3.Equipping mutual support products with global circulation and global risk hedging capabilities

4.Being compatible with global mutual organizations and Internet organizations to create an industry ecosystem

5.Extreme privacy protection and identity management for users

Risk Management

Public Election

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.

Health Examination

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.

Regular Disclosure

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.

Smart Contract

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”.

Technical Realization

Guardian will build a native multi-chain system that focuses on the insurance vertical industry, enhance blockchain performance and achieve secure isolation through dedicated chain, and make use of cross-chain technology to achieve value transfer among mainstream public blockchains such as BTC, ETH, and EOS. The ultimate goal of Guardian is to improve performance and security to meet the practical requirements of mutual insurance and network mutual support.

Cross-chain Technology

Guardian's cross-chain technology solves the problem of isolated values, utilizing cross-chain technology to provide a better application cooperation platform for multi-currency communities. In future, different communities could call Guardian's insurance contracts with different public blockchains. However, the new problem with cross-chaining is that high-performance public blockchains are subject to those low-performance ones in collaboration (the “wooden barrel principle”). And Guardian's solution is “Relay”, which enhances link capacity and coverage.

Double-chain Heterogeneous Architecture

HGS public blockchain is MIB (mutual insurance blockchain).
HGS alliance chain is MIAB (mutual insurance alliance blockchain).
Using MIB for the circulation of certificates and the storage and interaction of insurance contract information.
Using MIAB to store the private information of users.
The MIB uses a cross-chain mechanism and other mainstream public blockchains for certificates exchange to achieve isolation.
MIAB and MIB exchange tokens through the cross-chain mechanism and achieve acquisition and real-time claim to ensure high isolation.
MIAB conducts user and information sharing among different organizations in all aspects of insurance, in the same time, it guarantees users’ privacy.

Consensus Mechanism

The consensus algorithm of MIAB optimizes the identity equivalence, response time of trading, concurrency ability, server computing ability and network bandwidth required by the alliance chain to improve computational efficiency, reduce repetitive work, and lower bandwidth consumption. While ensuring high concurrency, the trade can be confirmed in a short period of time, and once confirmed, a consensus is reached in the alliance chain and cannot be tampered with.

The MIB adopts the DPOS consensus mechanism.

The DPOS mechanism has proven its usability and efficiency in classic blockchain projects such as EOS and STEEM. The confirmation of the DPOS consensus proceeds from the longest chain confirmed by 2/3 super nodes, which, to a great extent, avoids the forks. Super nodes should not produce blocks on multiple forks and cannot sign multiple blocks with the same timestamp or the same block height. These suspicious behaviors will be voted out.

Cross-chain Mechanism

The MIB exerts a hybrid cross-chain mechanism to achieve value transfer among mainstream public blockchains such as BTC, ETH, and EOS.

Sidechains/Relays: The HGS chain is capable of reading the events and status of other mainstream public blockchains, that is, supporting SPV (Simple Payment Vertification), which verifies the information of Header and Merkle tree on the block, thus achieving the transfer of cross-chain assets.

Account Mechanism

In the insurance event, both the real name and the privacy of the user need to be guaranteed.

MIB uses MIAB for KYC Certification, and the corresponding data is stored on MIAB to ensure data isolation security.

First, MIAB only allows the institutions included in the admission mechanism to synchronize data, and allows the account authorized by the authorization mechanism to verify the user's identity and examine the private data.

Users could authorize their own permissions to other accounts, so that other accounts could access or operate their accounts.

Redundant Distributed Storage Network

RDSN (Redundancy Distributed Storage Network) is a distributed versioned storage protocol that utilizes hash table technology. Data is indexed by the file abstract(sha256) sharding. Large files are divided into fixed-size 4M data blocks distributed in a large number of nodes, and resource synchronization is quickly performed by means of a P2P network. The embedded version management mechanism makes it more convenient to trace and publish resources.

The incentive mechanism of HGS makes it faster to access the resources stored on it, and this kind of storage is safer and more permanent than the traditional cloud storage, and with the redundancy of the HGS super node, the claim records of users will be maintained forever.

MISDK (Mutual Insurance Contract Standard Development Kit)

HGS offers a variety of MIS (mutual insurance standard).

HGS provides developers with a set of standards that can be implemented agilely. Only HGS-compliant insurance contracts can be issued on the HGS chain, which allows mutual insurance to be built following these common interface standards. The standards are including but not limited to:
1. Complying with the HGS Alliance Governance Regulations;
2. Complying with the standards agreed by HGS;
3. The claim result must be determined by the third-party arbitration institution that has been certified by the alliance to further improve the fairness of contract execution.

HGS realizes the seamless interaction between the mutual community and third-party arbitration institutions through MISDK, solves the difficulties of contacting arbitration institutions for mutual community and the questioning of the fairness of claims, making HGS chain a complete and self-running ecosystem.

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