vicistar-star/coverchain

A decentralized parametric microinsurance platform built on the Stellar blockchain using Soroban smart contracts. It provides instant, automated insurance coverage to the 40M+ informal workers in Nigeria — market traders, motorcycle taxi (okada) riders, artisans, and smallholder farmers who have historically been excluded from financial protection # CoverChain 🛡️ > **Parametric Microinsurance for Informal Workers — Powered by Stellar & Soroban** --- ## Table of Contents - Overview - The Problem - The Solution - How It Works - Insurance Products - Architecture - Smart Contract Design - Oracle System - Tech Stack - Project Structure - Getting Started - Environment Variables - Running Tests - Deployment - API Reference - Frontend - USSD Interface - Stellar Integration - Security - Roadmap - Contributing - License --- ## Overview **CoverChain** is a decentralized parametric microinsurance platform built on the Stellar blockchain using Soroban smart contracts. It provides instant, automated insurance coverage to the **40M+ informal workers** in Nigeria — market traders, motorcycle taxi (okada) riders, artisans, and smallholder farmers — who have historically been excluded from financial protection. Traditional insurance requires a bank account, complex paperwork, and a claims adjuster. CoverChain replaces all of that with **transparent smart contracts**, **real-world data oracles**, and **instant USDC payouts** delivered straight to a mobile wallet — no bank account required. > **Mission:** Make insurance as easy to access as sending an SMS, and as trustworthy as math. --- ## The Problem Nigeria's informal economy is one of the largest in Africa, yet it is almost entirely uninsured: | Metric | Value | |---|---| | Informal workers in Nigeria | ~40 million | | Insurance penetration (Nigeria) | ~0.5% of GDP | | Insurance penetration (Global avg) | ~7% of GDP | | Workers with any form of insurance | 80mm/24hr within 5km of registered market | | **Oracle** | OpenWeatherMap + Nigeria Meteorological Agency (NiMet) | | **Max claims** | 4 per policy year | | **Settlement** | USDC → mobile money, within 60 seconds of oracle confirmation | --- ### 🏍️ RiderGuard — Okada & Keke Rider Accident Cover Provides accident and hospitalization coverage for motorcycle and tricycle taxi operators. | Parameter | …