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Etherisc Details, Review

Description: The mission of Etherisc is to build an open protocol for decentralized insurance applications, making it more efficient, enabling lower operational costs, providing greater transparency into the industry compared to traditional operations, and democratize JOIN

  
 
GOAL: $30,000,000.00 USD
PROGRESS:
50.00%
PRICE in ICO:  1 DIP = 0.1 USD
PLATFORM: ETHEREUM
START:  Jun 25th, 2018  149 days
END:  Jul 23rd, 2018
Witepaper: YES (view pdf)
Bonus:  5% | KYC: YES | Whitelist: YES
Country: CH | Restricted area: NO
Payment Accept via: ethereum ethereum |
Etherisc Status & News:   twitter |   github |   reddit |   bitcointalk |   medium |   telegram |   Website |
Program Description

The mission of Etherisc is to build an open protocol for decentralized insurance applications, making it more efficient, enabling lower operational costs, providing greater transparency into the industry compared to traditional operations, and democratize access to reinsurance investments. Three demos have already been developed for three different insurance fields: Flight Delay DAPP, Social Insurance and Crop Insurance. And, especially interesting for the crypto space, Etherisc is also working on a multi-signature crypto wallet that can be insured. Etherisc’s journey began when two founders Christoph and Stephan met in July 2016 discussing insurance on the blockchain. From there was born in just a few months our first version of a blockchain insurance application – the Flight Delay Dapp in September 2016. We also applied the same model of parametric insurance to crop insurance based on weather data. We learned parametric insurance works well here because it originates a pre-established payout based on a triggering event, rather than waiting to evaluate and compensate for a specific loss. Our approach proved that smart contracts can reduce operational costs to a level that enables new markets, potentially bringing the benefits of insurance to millions of farmers in developing countries. In November the same year, we joined hack.ether.camp, a virtual hackathon, to develop a decentralized market for insurance and reinsurance. We developed a method of using tokens to transfer and trade risks easily, bringing the concept of insurance-linked securities to the blockchain. This is the kind of tokenization of risks we expect companies to create on the platform. We finished the hackathon as the most-funded project, receiving more than 500,000 Hackergold and about 3,000 Ether from early supporters. You can read more about that in our 2016 whitepaper. At the same time, Etherisc was also awarded as winner in the Blockchain startup contest, sharing the main prize with Status. In January 2017, we demonstrated a prototype for social insurance on the blockchain as our submission for the Blockchain Virtual GovHack in UAE. In April 2017, Etherisc won the Blockchain Oscar for “Most Innovative Blockchain Startup”. We also started working with EY to explore the regulatory and legal aspects of setting up and operating an insurance company on blockchain. In June 2017, Etherisc joined the Enterprise Ethereum Alliance and started the Insurance Working Group there, which Stephan and Christoph chair. In September 2017, Etherisc won a jury award at ICO Summit in Zürich, Switzerland in the pre-ICO start-up category. In the final quarter of 2017, we sold more than a hundred flight-delay policies to travelers to the Devcon3 meeting in Cancun, the Blockchain Summit in Zug and the Token Summit in San Francisco. In December 2017 we founded the Decentralized Insurance Foundation in Zug, Switzerland.


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LATEST ICOs NEWS
Lufthansa, SAP Competition Seeks Ideas for Blockchain in Aviation
Lufthansa has partnered with software giant SAP to launch a blockchain competition seeking ideas for blockchain applications in the airline industry.>> more
Jul-23-2018 11:40:44 AM
G20 Eyes October Deadline for Crypto Anti-Money Laundering Standard
G20 member countries are looking at an October deadline for reviewing and implementing a global AML standard on cryptocurrency assets.>> more
Jul-23-2018 11:40:08 AM
Bitcoin's Price Sets Sights on $8K After Sunday Sell-off
Bitcoin continues to hold ground amid market sell-off with growing momentum to take out its next target of $8,000.>> more
Jul-23-2018 11:39:29 AM
Crypto Trading 101: Stochastic Oscillators and Price Momentum
A leading indicator, the stochastic oscillator can help inform traders of when to enter or exit a market – even in the volatile world of crypto.>> more
Jul-23-2018 11:39:05 AM
China's Crypto Millionaires Are Using Bitcoin to Buy Real Estate Abroad
Bitcoin is flowing out of China, into California mansions – and changing global real estate patterns.>> more
Jul-23-2018 11:38:14 AM
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