In this piece, the CTO of Etherisc discusses the central role that hybrid smart contracts and oracles play in enabling parametric insurance products on-chain - decentralized smartcontracts
In the presentation below, Mattias Zimmerman, CTO of Etherisc, provides an overview of the central role that hybrid smart contracts and oracles play in enabling the provision of parametric insurance products on-chain, and the benefits they bring.Etherisc is a decentralized insurance protocol that provides parametric insurance products across the world. From buying a policy to making a claim – Etherisc uses.
A decentralized impact or micro-insurance product also provides a much-needed alternative to traditional insurance products.To provide a high-level overview of the above-discussed points, Matthias Zimmermann gave a run-through of the end-to-end process of a decentralized parametric insurance policy contract. In particular, he describes the claims monitoring process that utilizes oracles.
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