SC002: Create an Insurance Pool

Summary:

The seen.haus mission is to merge the tangible and digital worlds of art.

However if we were to auction a Banksy or Basquiat tomorrow there would be ample questioning over the authenticity of the artwork, fulfillment of the items and legitimacy of the platform.

This is mainly due to the irreversible nature of blockchain transactions. A substantial amount of trust is required for buyers to use a platform such as seen.haus.

Trust is something built over time or it can be verified on chain.

Specifications:

We believe developing an insurance pool will give buyers the confidence and trust needed to use the seen.haus platform.

Resulting in:

• Successful auctions of renowned artists
• New customer acquisition
• Higher bids across all auctions

At this time we have not determined the best way to create an insurance pool, but would expect claims to be handled through $seen community voting.

This is a major undertaking and would take precedence over other development. However it is the best decision for the long-term of the project.