Day By Day (DBD) combines blockchain, artificial intelligence (AI), and decentralized finance (DeFi) technologies. Its core is a decentralized platform for creating, displaying, and selling non-fungible tokens (NFTs), accessible via a mobile app on Google Play and the App Store for convenient asset management.
The project runs on the Ethereum blockchain, utilizing its Proof of Stake (PoS) consensus mechanism. This requires validators to lock up cryptocurrency, securing the network against manipulation by making attacks difficult without controlling a large share of staked tokens. The decentralized structure distributes data across many nodes, preventing single points of failure and tampering.
A key feature is its web3 SaaS solution for the insurance industry, offering asset-by-asset protection to consumers and businesses. NFTs represent ownership of insurance policies, allowing holders to earn passive income and trade or invest in the platform's DeFi pool. This pool underwrites coverage, establishing a private, personalized, and cost-effective insurance model.
AI integration automates back-office administrative tasks, which simplifies transactions and allows efficient scaling without heavy reliance on human resources. This reduces operational costs and improves user experience through faster, more accurate services.
The platform promotes community involvement via "insurepreneurs," who can influence insurance investments and help create new products. Using blockchain and AI, these individuals develop hyper-personalized, on-demand insurance solutions tailored to client needs.
Day By Day launched on Ethereum in 2018 with a total supply of 800 million DBD tokens. To improve scalability and lower transaction costs, 11 million DBD tokens have been bridged to the Polygon network, providing users with faster speeds and reduced fees.
Founder and CEO Bill Angelidis, who has a background in business and technology consulting, IT management, and development, was inspired by personal negative experiences with insurance. He aims to use blockchain and AI to build a fairer, more accessible, and transparent insurance system. The technology stack merges blockchain, AI, and DeFi to provide a comprehensive modern insurance solution, ensuring security and transparency while streamlining operations.