Poolsureth (pronounced pulsurette)
or InsurETH Pool (still not decided about the name)
a BreakTheBlock '17 hackathon project
repo url: https://github.com/makevoid/hackathon/tree/poolsureth/submissions/poolsureth
hackathon entry "doc": https://github.com/breaktheblock/PoolSurETH/blob/master/poolsureth.md
Team picture:
https://twitter.com/oraclizeit/status/889142331026407427
Decentralized Insurance Configurator applied to any travel field (flights, trains, cruises etc...), potentially using any investing and reward scheme and connecting via any Ethereum Oracle.
First some details:
- Automated Insurance [UX - one step registration and automatic claims] (example: select flight number, deposit ETHs, no step 3! When the flight lands you get the payout in ETH instantly)
- Pool of investors putting Ethers into a contract
- Ethereum smart contract checking Oracles for data, notifying contract for payouts.
We think Ethereum is the only place to do a decentralized, peer to peer, automated insurance at the moment (with automatic payouts in crypto currency), even if there are some challenges (for example proving that you boarded the flight/train/cruise/... - for that the travel company should issue an HTTP(S) public API that the oracle can query) --- we think that this is the way to go.
- Oraclize
- Truffle
APIs:
- flighaware.com
- flightstats.com
- TFL API
- Southern Trains API
- ...