Web 2.5
Digital Product Passports (DPPs) serve as electronic certificates that encapsulate the essence of physical or digital assets tokenized on the blockchain. These passports provide detailed authenticity, ownership, traceability, and visibility, making them indispensable in the digital era. DPPs are more than mere digital records; they are gateways to enhanced customer relationship management (CRM), community engagement, and integrated insurance solutions, ensuring assets are protected against unforeseen risks.
Avata enables brands to offer embedded insurance solutions to their customers when purchasing a real-world asset. Should a theft occur, the claim process can easily be initiated within the DPP, which, in the case of a successful claim, will translate to a seamless store credit to re-purchase the product (or an alternative one).
For brands, embedding insurance means:
1
ONE STOP SHOP
A single knowledgeable and tech-savvy integration partner to integrate a broad range of coverage for both the digital asset (token) and its underlying RWA, removing the burden of integrating with many partners.
2
A TAILORED APPROACH
Avata operates with an agnostic approach, ensuring the distribution of tailored insurance and warranty products, adapted to any tokenized asset, supporting cross-border functionality.
3
COMPLIANT SOLUTIONS
Avata ensures full legal compliance in all of its policies & projects, guaranteeing a risk-free experience that abides by all modern & upcoming regulations.
4
INDUSTRY EXPERTISE
With many projects in different industries & verticals, Avata’s team offers you its expertise & knowledge to develop innovative solutions adapted to your projects & its needs!
