HUMAIN
Distributed Social Mutual Support
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How It Works

The Platform, where people are helping each other in case of disaster

HUMAIN INNOVATION

The innovation of HUMAIN employs blockchain technology to substitute centralized institutions with the smart contracts. Significant reduction of administrative costs is being brought together with the distributed risk approach and data transparency.

We are delivering infrastructure allowing members to create and spread supportive social networks. It is a full scale mutual backers environment, delivering human to human financial assistance. Along with financial assurance HUMAIN delivers a sense of confidence, increased life quality and well-being.

Centralized Insurance Cons

The well-being of individual strongly depends on the perception and actuality that one is cared for, has assistance and support available.
Over the years insurance industry developed products delivering guarantee of compensation for specified loss, damage, illness or other triggers.
All of this in return for payment of a specified premium. In other words - participants of the compensation guarantee finance the ones sustaining losses and the centralized institutions (insurance companies) ensure distribution of funds and prevention assurance. But the centralized infrastructure has several disadvantages:

  • Administration costs. Infrastructure as such must be administered and supervised, products distributed, premiums collected and claims distributed. All these costs sum up to 35% of premiums paid. In other words, lost due to ineffectiveness of the system.
  • Lack of data openness. Data of policyholders and their risk performance is the comparative advantage of corporations. Its being used to compete in the market, but at the same time - generate profits for the stakeholders. Very rarely in small amounts, if ever, they are shared with the policyholders.

    • Values We bring

    Social behavior

    Family members and close friends have always been sources of trustful support. In many cases extended family members, acquaintances, coworkers or neighbors step in pulling out of trouble. And they are ready to support. However, asking is not always easy. Instead of asking for help, HUMAIN empowers establishing a social commitment to support one's network.

    Pure risk sharing

    The technology behind HUMAIN delivers pure risk sharing eliminating the need of a central institution. While insurance companies charge the risk with over 35% of administrative costs, our solution grants significant costs reduction.

    Verified members

    Thorough identification of members is our priority delivering a trustful social network. Leading Secure Identity Platforms are being used to accept only verified identity members.

    Transparency

    We've created smart contracts being recorded into distributed digital ledger and shared across the network. The data of the contracts as well as risk effecting statistics is publicly available. We are charging 7% transaction fee only. No other hidden margins, costs or advantages included.

    Insurance and Investment in one

    In addition to established assurance for yourself and your social network, HUMAIN allows holding Bitcoins, thus delivering savings for the future. Savings might be further enhanced by long-term Bitcoin growth in value.

    Safety

    Decentralized solution of HUMAIN is not holding bitcoins. Smart-contracts does. Despite the existence of our company, users will always be able to withdraw their funds.

    Our Team

    Founders

    Šarūnas Baleišis

    Co-founder and Insurance specialist

    Management and insurance industry professional with over 15 years of operation in the field connected experience in risk management, financial analysis, planning, team and project management. Šarūnas has a strong passion for strategic and product development, implementation of innovations, marketing and customer service and is always striving for perfection. He is also a Member of the Court of Honor under Lithuanian Insurance Brokers'​ Chamber (DBR).

    Jaro Šatkevič

    Co-founder and Blockchain specialist

    For the last 20 years Jaro was engineering various software solutions, managing IT products and running own startup companies. He is one of Lithuanian Open Source movement founders and passionate visionary of blockchain technology (since early 2013). In 2017 after quicking software engineer position at Uber he co-founder Blockchain development company Blockvis. Jaro confidence and discipline comes from WonHwaDo martial art, where he has instructor level.

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