Etherisc at EDCON 2017
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Etherisc is developing decentralized insurance applications on the Ethereum blockchain. They have launched the first operational insurance application, FlightDelay, in September 2016 which provides flight delay insurance with a fully automated process. Etherisc is also working on applications for crop insurance and social security. Their vision is to create an open standard for the entire insurance value chain using blockchain technology.
Etherisc at EDCON 2017
- 1. Etherisc Decentralized insurance applications EDCON Paris, 18 February 2017 etherisc.com
- 2. Flight delay dapp, fdd.etherisc.com We launched the first operational insurance application on the Ethereum blockchain in September 2016 for devcon2. Fully automated insurance process with a great user experience.
- 3. General architecture FlightDelay contracts Frontend Server Oraclize Meta mask FlightDelay JS + HTML FlightStats
- 4. FlightDelay contracts Controller = Contract registry Access Control Database Underwrite Ledger = holding Funds User PayoutNew Policy
- 5. Monitoring
- 6. Crop insurance, crop.etherisc.com Same model of parametric insurance, easy to apply to other verticals
- 7. Decentralized insurance market • https://etherisc.com/whitepaper • Token model for investors to provide capital for risk pools • Whitepaper, simulation, testing now
- 8. • https://govhack.etherisc.com • Simple social security, affordable and accessible for anyone • Mutual pools using local social structures • Peer assessment to check for claims
- 9. Successful competitions • Winner blockchain startup contest 2016, Graz, Vienna. • Most funded project at hack.ether.camp • One of top 5 companies selected for AIA blockchain challenge
- 10. Roadmap • Testing token market • Security audits and bug bounties • Regulatory competition • Fiat bridge • Ramp up team & funding
- 11. Our vision import “standard_insurance.sol” An open standard for the insurance value chain Product/Service Developement Marketing and Sales Policy Administration Claims Management Asset Management Reinsurance
- 12. Team • Christoph Mussenbrock – Former CEO of parcIT GmbH, providing risk management solutions for cooperative banks, many years of work experience in banking and insurance in Germany. Christoph has a master’s degree in mathematics and wrote his thesis on formal software and hardware verification. https://www.linkedin.com/in/christoph-mussenbrock • Stephan Karpischek – Managing director at disrupt consulting, a digital strategy consulting cooperative. Former business analyst for blockchain innovation at UBS, many years of work experience in IT, consulting and education in Austria, Switzerland and UK. Stephan has a PhD in Information Management from ETH Zurich and wrote his thesis on mobile applications for the Internet of Things. https://www.linkedin.com/in/karpischek