On February 3, 2018, ShineChain and Weiyunbaobei Network Technology Co., Ltd. reached a strategic partnership on the headquarters of Weiyunbaobei in Beijing, China.

This partnership can lead Weiyunbaobei’s present platform of over 200,000 drivers and main insurance coverage suppliers to boost the utility of ShineChain Token (SHE). Participants on this community will probably be given SHE tokens once they use the Weiyunbaobei’s Gas App, Baobei Gas to buy discounted gasoline, restore companies, roadside help or another car companies throughout the community. All tokens can be utilized for getting some cost-effective insurance coverage coverages later.
“Baobei Gas app” is Weiyunbaobei’s cellular refueling platform. It has over 200,000 energetic customers within the 20-30 age group. They use this app not solely to purchase gasoline but in addition to buy a number of different auto associated companies. Weiyunbaobei now’s within the last phases of integrating ShineChain’s distinctive Mutual Group Insurance Model into the Baobei’s platform.  This is only one of a number of tasks which are within the pipeline. ShineChain’s insurance coverage mannequin makes use of blockchain expertise to each decide threat and course of claims in an environment friendly means. Offerings will embrace the next:

The Personal Accident Insurance for Passenger Boat, Airplane, and Train
Third Party Supplementary Car Insurance
Critical Illness Insurance overlaying most cancers and 30 different ailments.

Weiyunbaobei Network Technology Co., Ltd was based in June 2015 and it’s a community service platform which connects finish customers with insurance coverage suppliers. So far, it has over 1 million energetic customers. The Baobei Gas App can be part of the *WeChat ecosystem”.  Users in there can use WeChat’s Red Envelope performance to award Baobei’s members’ insurance coverage merchandise
ShineChain is utilizing blockchain expertise to reinvent the insurance coverage market. Led by its CEO Jin Hui, the ShineChain Foundation has a devoted workforce of specialists with intensive business expertise, who’re able to deliver their imaginative and prescient to actuality.
ShineChain’s management are specialists of their respective fields. They embrace Senior Economist Jin Hui, who serves as CEO, Oxford Ph.D. graduate, University College London Blockchain Researcher Dr. Hugo serves because the CTO, Engineer Peng Song serves because the CIO, and Veteran Alibaba Manager Wang Jinlong serves because the COO.
The partnership of ShineChain and Weiyunbaobei is an ideal synergy. It will enable Weiyunbaobei to enhance the effectivity of its operations by integrating blockchain applied sciences whereas giving ShineChain’s Mutual Insurance product entry to Weiyunbaobei present prospects.
SHE token integration into the Baobei Gas app will probably be absolutely deployed on the week of February 12, 2018. Stay tuned for extra particulars.
* WeChat is a Chinese multi-purpose social media cellular purposes. It is among the world’s largest cellular apps, with over 902 million each day energetic customers.

Images courtesy of ShineChain
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