On September 8, 2016, Etherisc launched the Flight Delay DApp (FDD) — the first decentralized insurance app on the Ethereum blockchain. The DApp enables users to insure their flights against delays or cancellations.
Two years on, FIightDelay had issued about 200 policies and paid out for about a dozen delayed flights resulting in an almost perfect zero-sum game with a loss ratio close to 100%.
The FlightDelay DApp is a perfect showcase to experiment with decentralized, parametric insurance.
Here’s the right place to discuss all related topics.
