SpeCtre Internet Solutions Ltd.

Insur is a smart contract based software solution that aims to establish trust between contract parties, allowing them to create immutable, transparent digital contracts on the Ethereum blockchain. The solution intends to provide the means to eliminate fraud chances and freelancer exploitation while offering a reliable source of truth to simplify disputes resolution by introducing the concepts of “pre-funded milestones” and “decentralized jury”. “Pre-funded milestones” are smaller work packages that contract parties will agree on and will be funded individually and in advance by the employer to ensure freelancer payment. Payments will only be released upon milestone completion to ensure work delivery. The “decentralized jury” will be a group of independent registered individuals (anyone can register) that will be responsible for resolving disputes while receiving fees for their services paid by the parties involved in the dispute. A blockchain based reputation system will also be developed as part of the platform, to provide feedback for everyone involved (employers, freelancers, and jury).