Sponsor Profile

Etherisc

Gold Sponsor
Etherisc

Etherisc is building decentralized insurance platform that enables anyone to create their own insurance products. 

Etherisc Flight Delay is the first real insurance product built with Etherisc. Products built on top of Etherisc platform use DIP. 

DIP is token of a decentralized insurance protocol, an open ecosystem of infrastructure and incentivization mechanisms. 

Etherisc’s mission is to enable building decentralized insurance applications, making the purchase and sale of insurance more efficient, enable lower operational costs, provide greater transparency into the industry of insurance compared to traditional operations, and democratize access to reinsurance investments. 

Etherisc is most well known for its Flight Delay Dapp, an insurance for flight delays realised as a smart contract, which was live on the Ethereum main net for Ethereum developer conference Devcon 2016. Later it won a main prize at the Blockchain Startup Contest in Graz and then became the most financed project at the ether.camp hackathon.

The first product built on Etherisc platform is available for usage at https://fdd.etherisc.com/.  A smart contract holds the premium paid and automatically assigns the claim when an event happens.  This reduces the overhead of traditional insurances, and makes a lot of new business models possible.