You're describing a company/owner's association/some other similar entity which already exists in your legal system. You can already implement the rotating coun

You're describing a company/owner's association/some other similar entity which already exists in your legal system. You can already implement the rotating council and an insurance fund without a blockchain. The only thing the blockchain does is prevent you from fixing problems if you made mistakes at some point in the past and had bugs. And it costs you more.