During Bitcoin Wednesday on 7 March, 2018, Etherisc co-founder Stephan Karpischek will give a demo of one of the world’s first licensed and regulated insurance products based on Ethereum smart contracts.
Etherisc Flight Delay (FFD) is the first working product using the Etherisc decentralized insurance platform, already a real insurance business operating with smart contracts on Ethereum. The smart contracts — in essence, self-executing computer programs — sell flight delay policies to paying customers and generate real revenue from insurance premiums in ETH and fiat. Initially launched over a year ago for Devcon2 conference, the decentralized app is now legal, licensed and regulated as a traditional insurance service.
For this presentation, Stephan will not only run through the flight delay product but also share learnings from development and first weeks of official operation.
Etherisc is dedicated to building decentralized insurance applications. Its mission is to create a decentralized insurance platform that enables anyone to build their own insurance products on the Ethereum blockchain. Stephan has more than 20 years experience with IT businesses. He has been working with digital currencies since 2008 and holds a PhD in Information Management from ETH Zürich. Before he became involved with Etherisc Stephan co-founded Disrupt Consulting, a cooperative for digital strategy consulting where he helped to educate banks and telecom companies about blockchain technology.