Tides is a distributed network of peer-to- peer insurance, which puts the power of health back into your hands. With Tides network, all the functions of an insurance company are decentralized.
We believe that our most vexing problems like health insurance cannot be solved by new technology alone, but need new kinds of organizations, those that are accountable to you, the member. Tides is ushering in a new era of decentralized organizations powered by the blockchain.
Tides treats your health as an asset that gets rewarded. With Tides P2P insurance, your unspent premiums are treated as savings and are returned to you. Rollover your excess premiums into future coverage or pull it out.
Tide Pools are peer to peer groups that pool premiums and share risk. It could be your friends, neighbors, colleagues or any other group. Join the pool that fits your needs. You get to vote to decide policies.
The current insurance hierarchy is incentivized to maximize their revenue (Raise Your Premiums), minimize expenses (Not Pay Your Claims), and generally obscure information to keep you in the dark. There are pervasive, hidden conflicts of interest between insurance companies and their members. But Tides P2P model is different. You and your community are in control of your health care premiums.
With Tides, there is no intermediary that profits from raising your premiums, from denying your claims, and from hiding your coverage under fine print.
In Tides, your premiums are priced accurately and transparently by our network of actuaries who are incentivized, to be accurate, above all else.
With Tides, members get their premium surpluses distributed back to them, which leads to efficient and judicious utilization of healthcare resources.
Joining any peer-to- peer insurance Tide Pool is frictionless and rewards you when your friends join. By enabling transparency into all pools, it’s easy to see which fits your needs best. Moreover, at the end of the term, you are entitled to your portion of the surplus premiums.
Premiums are priced accurately based on a network of actuaries voting through Tides’ consensus protocol. Tides incentivizes honesty and accuracy.
Submit a claim and get paid. A decentralized network of oracles verifies claims and reaches consensus in hours, not weeks, as in traditional insurance.
All surplus premiums from your pool are returned to the members at the end of your term.
Release of TIDE tokens is linked to members joining a pool. TIDE is required for starting a pool and for paying network fees of actuaries, claims processors, and other oracle functionaries for their work. Bonuses and unspent surpluses are redistributed in TIDE.
TIDE tokens grant voting rights to influence governance of pools’ policies, to determine the optimal distribution of surplus premiums, and more.
TIDE is a staking token, requiring actuaries, underwriters, and oracles to stake tokens to get work allocated. Those in consensus are proportionately rewarded, while the dishonest functionaries get penalized.
Tides has the perfect balance of Medicine, Entrepreneurship, Deep Technical knowledge, and Crypto experience. 3/4 founders are from 500 Startups, with a company delivering the nation’s first meals personalized by biometrics/DNA.
Dr. Chandra Duggirala
Founder & CEO
Founder & COO
Founder & CTO
Founder & CPO
Head of Actuarial Science
Prof. Sinclair Davidson