Milestones Mainprise

P2P Bail Payments

Like Napster and the music industry, Uber and local taxi cartels, bitcoin and national fiat currencies, and the blockchain and the big banks. The peer-to-peer sharing economy is literally revolutionary. Mainprise will use peer-to-peer bail payments, BAIL tokens, and blockchain technology to demolish the power structures of bail bonding agencies and insurance agencies. BAIL Token is a platform for the future of bail payments that is being built on top of the NEM blockchain. It will enable peer-to-peer bail payments using a cryptocurrency token and will offer seamless integration with jail and detention center systems, bail payment kiosks, and Mainprise ambassadors. Token holders are able to manually or automatically configure the platform to make payments based on their preferences. Payments are refunded regardless of the trial outcome and token holders earn fees based on the risk scoring of the defendants. Since payments are refunded and spread across many token holders the overall risk is reduced.

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