Gnosis can be used to create novel and more efficient forms of insurance. This, in effect, crowdsources actuarial work. Analysts may use complex models to automate participation in many markets. Our oracle market would be used by claims inspectors to settle such markets. Their oracle platform allows everyone to easily integrate new oracles into Gnosis and offer their oracles to the Gnosis community. Since every Ethereum account holder can become an oracle for every event, it becomes very easy to bootstrap prediction markets for every need.
Gnosis offers a wide range of different oracle solutions to resolve markets. The ultimate oracle offers a secure decentralized oracle as a backstop solution for centralized oracles. Most events are covered with 3rd party integrations to other oracle providers like RealityKeys and Oraclize. Ethereum is censorship resistant, globally available, and provides transparent guarantees about future operations of the platform. With Ethereum, we can eliminate middlemen and counterparty risk.