As part of our partnership with CoverCompared, VAIOT participated in a two-part AMA in both Telegram communities. If you weren’t able to join, or would simply like to have a recap of everything that has been mentioned, have a look at the overview below.
Part 1 — About CoverCompared
Gisele [Marketing Manager VAIOT]: Welcome to our community! Could you please give us an introduction about CoverCompared?
Kunal [CEO CoverCompared]: Cover Compared is the world’s first DeFi insurance marketplace. I wouldn’t call ourselves a crypto-insurance provider but mainly a crypto-insurance aggregator. Users can compare and evaluate the comprehensive product outlined in a simplified way. The streamlined process makes it easy for users to choose the best-suited policy for their needs.
Cover Compared gives complete transparency on all lines of insurance products listed; it could be any product, traditional or crypto, all with the option of paying in a host of cryptocurrencies. Our AI-based Claim Management System will assist our users, ensuring that every claim submitted by the user is given utmost priority and immediate attention.
Just with a click of a button, users can submit their claims, and we will offer them a seamless claims management experience!
Cover Compared simplifies the traditional insurance process and offers immediate foresight to the users helping them be well-informed before purchasing the cover.
Gisele: That is amazing! I for one am super excited about your project. I know you’re a busy guy, so let’s continue with the next question right away.
How do we purchase these policies on CoverCompared? Can you tell us a little bit more about different payment options?
Kunal: Since CoverCompared is an insurance aggregator offering crypto and traditional insurance products, we give users multiple payment options. The end-user on our platform can purchase using cryptocurrencies. Our token $CVR gives users additional benefits while purchasing the covers.
With regards to the utility, there are several use cases where the token may be used including:
- Crypto Insurance Policy Purchase
- Policy Discounts
- Staking / Risk Assessment & Governance Rights
- Claims Payout
- Cross Border Policy Issuance
Gisele: So, truly a one-stop for everything you need when it comes to digital asset protection.
Kunal: Indeed Gisele, that is exactly what we are aiming to do with CoverCompared 😁
Gisele: Now, let’s continue with something I’m very sure the community is thrilled to know. Please tell us more about your integration with VAIOT!! 🥳🚀🙌
Kunal: Absolutely, integrating with VAIOT is something CoverCompared and its community have been looking forward to!😊
Joining CoverCompared as a leading business solutions provider. The VAIOT Platform, as an integrated solution, combines Artificial Intelligence and Blockchain to create new ways of digitally accessing services and securely concluding legal agreements using an easy-to-use user interface.
This partnership will entail CoverCompared exploring VAIOT’s solutions to optimize user experiences on our platform further. Moreover, CoverCompared will also explore VAIOT’s AI Assistant interface to aggregate products and services and distribute them to our users through highly-personalized insurance recommendations. Simultaneously, VAIOT and their community will also access the CoverCompared marketplace, where the VAIOT community can buy insurance covers for smart contracts, NFTs, and more.
Gisele: Well, I think it goes without saying that I am very excited to be working on this together. And I think I can speak for the entire VAIOT team when I say that we’re very motivated to move the DeFi insurance space to the next level together with CoverCompared.
I’ll ask my last question before we open up the channel for the community questions. I’m very interested to know, what does the future look like for CoverCompared? Do you have any updates on the dApp for us?
Kunal: The future looks exceptionally bright for CoverCompared!
We have numerous global insurance providers that we are soon going to onboard onto our platform. Over the next few weeks, we are set to make a few massive announcements, including the onboarding of 2 of the world’s largest traditional insurers. In addition, we will continue to expand the pool of our crypto protocols offerings to ensure that our users are spoilt for choice at CoverCompared, irrespective of what kind of insurance cover they are looking for.
As we expand our network and engage in more partnerships, our global presence and network will continue to improve. We will continue to innovate and revolutionize insurance in the DeFi realm.
As for our dApp! Our dApp is almost ready.
The launch of the dapp is targeted for Q4 of 2021; we will be the world’s first insurance marketplace that will cater to everyone’s needs — whether they are looking to insure traditional assets, crypto funds, or even themselves. Users will gain a sneak peek at our DApp through a testnet that will be launched soon!
Gisele: Absolutely amazing. For more info about CoverCompared, have a look at their Twitter, Website or join the Telegram group (see below).
Website: https://covercompared.com/
Twitter: https://twitter.com/CoverCompared
Medium: https://covercompared.medium.com
Telegram: https://t.me/CoverCompared
GitHub: https://github.com/CoverCompared
Part 2 — About VAIOT
Aaron [Community Manager CoverCompared]: Welcome to the group! Before we get started, can you tell us a little about yourself?
Anthony [CMO VAIOT]: Goodmorning, sorry for the delay! I was just getting myself some coffee. But this AMA is exactly what I needed to get the ole’ brain going 😉
A little bit about myself. I have been in the crypto space for roughly 6 years, albeit primarily as an ETH HODLer in my early days. My professional background mainly consists of experiential marketing, which is a form of marketing that involves creating long-lasting, emotional experiences between brands and customers. I have represented big brands like PepsiCo, General Motors, Cadillac Fairview, Bacardi, Heineken, to name a few.
Coming from the corporate side over to the crypto space is definitely refreshing. Working with startups and visionaries is much more rewarding than being a part of the corporate ladder. 💎
Aaron: That’s a really impressive background.
Aaron: Let’s start with an introduction question for those who aren’t familiar with VAIOT. Could you please provide us with an elevator pitch about the project?
Anthony: Absolutely!! VAIOT is many things:
- A full-stack technology provider
- Combining AI and Blockchain to produce Intelligent Assistants for business and legal services
- The FIRST EVER regulated project by the Maltese government (Blockchain island)
- Owns the first-ever “Virtual Financial Asset” in the $VAI token
We provide a full stack of technology for projects that make their DeFi development quick, easy, and most of all, intelligent. Many call us the “Alexa” or “Siri” of business and legal services, but we prefer to call ourselves “VAIOT”. 😉
Aaron: Awesome 👍We understood that you have done a mini-rebranding into VAIOT 2.0, could you explain why and what this means for the future of VAIOT?
Anthony: That’s right! Thank you for asking that question. We have had one heck of a journey since we launched.
To get into it simply, we started as only a developer for Intelligent Virtual Assistants (IVAs) which are basically like Siri or Alexa. We had three business lines that defined our project: The Sales Assistant, The Broker, and The Legal Assistant.
The problem we faced was that these business lines prevented us from being able to do what we do best: deliver tailor-made technology solutions for our clients.
So, what did we decide to do? VAIOT 2.0. We are still developing our IVAs and combining AI and Blockchain, but VAIOT 2.0 removes the three business lines and instead has replaced it with more of an intelligent pyramid: With the VAIOT front end at the very top and the VAIOT blockchain at the very foundation.
Here are just a few of the technology solutions that we have made public:
- 💎VAIOT Blockchain
- 💎VAI Token (Fully regulated Virtual Financial Asset)
- 💎VAIOT Bridging Solutions
- 💎VAIOT Liquidity As A Service
- 💎VAI KYC
- 💎VAI Intelligent Onboarding
- 💎Intelligent Contract Analysis
- 💎Intelligent Contract Generation
- 💎Intelligent Front End
- 💎Metaverse Lease Agreements
One product line that we have really been focusing on is our Intelligent Contracts, which are AI-generated contracts that are fully enforceable and saved on-chain.
Aaron: Wow this is 🔥🔥How will those services be beneficial for partners and projects such as ourselves?
Anthony: Great question 🙂
We are still in discussions with CoverCompared on exactly which solutions we will apply to the platform. One thing that is being discussed currently is the delivery of our Intelligent Front End for the CoverCompared platform.
What is an Intelligent Front End you may ask? It is our AI-driven funnel that you will be able to have conversations with via voice or text so that you can get your coverage quicker, easier, and in a more human-like way. That’s not all!
Our Intelligent Front End has several capabilities, including education, based funnels, payment integration, and conversational flexibility. Our goal is to make platforms smarter and easier for users to take advantage of. For the CoverCompared community, education about how to protect their assets is a major topic, and our Intelligent Front End will help educate you as you find the right protection for you 😉
Aaron: CoverCompared and VAIOT will be partnering on implementation, future orientation, and more together. Can you tell us what this partnership and integration of VAIOT will mean for both the CoverCompared and VAIOT communities?
Anthony: For sure! What this integration means is progress for both of our projects. We are still trying to prove ourselves as technology providers, and even though we have secured multiple clients, many of our implementations are not public yet.
For CoverCompared, the team is showing their community that they are committed to bringing the most technologically advanced, flexible, and innovative platform on the market. For us, it was a no-brainer as we are very selective about who we integrate with!
Here are our socials for all of those interested in learning more:
ℹ️ Website: https://vaiot.ai/en
🐦 Twitter: https://twitter.com/VAIOT_LTD
📱 Telegram: https://t.me/VAIOT_Community
🇹🇷 Turkish Telegram Community: https://t.me/VAIOTTurkeyOfficial
🔷 Discord: https://discord.gg/8V6hf7gfnP
📚 Medium: https://vaiotltd.medium.com/
Aaron: Now, let’s talk business development. Are there any exciting projects or solutions that we can look forward to?
Anthony: Absolutely! So, as you know, we just broke through with VAIOT 2.0. What that means is that we no longer have to pigeonhole ourselves and are free to develop solutions as we see fit. And finally, we are applying a component of our legal assistant to a law firm that handles immigration visas. It will be huge news!
Community Question by John: How will you increase mass adoption of your project at a global level where English cannot be understood by many users? Is there any plan of global ambassador program supporting local communities?
Gisele: We’re 100% a global-oriented project, at this moment we’re focussing on the English-speaking world population as our AI solutions are currently the most optimized for them. That doesn’t mean, however, that in the future we won’t expand to other languages, after all, it is just a matter of helping our AI understand and so through feeding it more information that can happen. That said, we do have a group for all our Turkish-speaking VAIOTeers, which you can find here: https://t.me/VAIOTTurkeyOfficial if we notice that other languages are being asked for by a significant amount of people in our community, we will expand to those as well. 🙂
Community Question by Hector: Can you list 1–3 killer features of your project that make it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Gisele:
For sure, in a nutshell, the advantages of VAIOT are:
- Regulated, audited, and transparent
- Real AI (ARTIFICIAL INTELLIGENCE) use cases for both businesses and consumers
- We combine AI & Blockchain to create innovative solutions allowing us to take what is best from both technologies.
- VAIOT Intelligent Virtual Assistant developed based on our Proof of Concept with IBM is ready to deliver after several rounds of beta testing.
- Strong Team & Partners
Personally, I feel the strongest about the combination of blockchain and AI to enhance projects, bring new solutions for both off and on-chain consumers and if I might add, I believe VAIOT will truly revolutionize the DeFi, insurance, and law space.
Community Question by Sy Beo: How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience working in crypto and non-crypto project?
Gisele: The VAIOT team is ever-expanding, and is filled with people from all walks of life. Meaning, we have amazing talent from all over the world with extensive experience both on-chain and off-chain. You can find more info on VAIOT’s Team here: https://vaiot.ai/en#team
The VAIOT Website, Platforms, Solutions, and Services, and in particular VAI Tokens, are not offered for use and purchase to natural and legal persons having their permanent residence or their seat of incorporation in any of the restricted areas as listed in VAIOT’s Whitepaper, in particular: USA, Germany, Puerto Rico, US Virgin Islands, Canada, China, Singapore, Afghanistan, Central African Republic, Cuba, Democratic Republic of the Congo, Eritrea, Iran, Iraq, Libya, North and South Korea, Somalia, South Sudan, Sudan, Yemen, Zambia (Restricted Areas).
