Takaful-Chain Rules
All aspects of interactions within a Takaful-Chain are regulated by Takaful-Chain rules. Rules are set by Takaful-Chain internal team and enacted/maintained by the server(s). Takaful-Chain rules will be cast in stone once they have been defined and enacted by the server(s).
For a parameter that has several options (ie, quantum of claim, agreed/not agreed) the new value & rules can be defined it is supported by the majority of participantsโ€™ votes. New algorithm are determined as fair/median values (ie,larger values are the same as the total weight of votes for lower values). Changes to custom rules and parameters with several options go into effect after 1 week by default. if no additional changes has been made during that period. For each algorithm running average with a duration of 1 week is used as the algorithm effective value.
Last modified 8mo ago
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