Etherisc Launches Decentralized Flight Insurance Product Using Chainlink Data Feeds
Etherisc — the decentralized insurance protocol and ecosystem — has launched FlightDelay on Gnosis Chain Mainnet. FlightDelay is a blockchain-based flight insurance product that uses Chainlink Data Feeds to autonomously issue policies and execute payouts for travelers who experience flight delays or cancellations. The result is automated flight insurance policies that are quicker to settle, cheaper to provision thanks to decreases in human and technical overhead, and more transparent given their blockchain infrastructure backend.
About Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
About Etherisc
Etherisc’s goal is to make insurance fair and accessible through its open source, decentralized insurance protocol to collectively build insurance products on the Ethereum blockchain. Its open-source common infrastructure, the Generic Insurance Framework (GIF), includes shared smart contracts, product templates, microservices and the native cryptographic token (DIP) to enable the seamless and efficient creation of decentralized insurance products, with increased transparency and fairness for all parties.
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