Mainprise is building a peer-to-peer (P2P) bail payment platform on NEM blockchain technology.
Instead of the normal 10% bail premium fee, the platform is able to charge a much lower fee by using an AI-based risk-scoring tool to determine the fee charged for bail payments.
BAIL tokens are being implemented as the cryptocurrency for payments. Token holders will use them to make bail payments.
Regardless of the trial outcome, all payments are returned by the courts after court appearances and refunded back to the token holder along with a portion of the fees paid.