February 2018
Intermediate to advanced
288 pages
6h 58m
English
Content preview from Ethereum Smart Contract Development
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Insurance
The global market of insurance is based on trust. A blockchain is a new way of managing trust. It can be used to verify the insured person's identity, as well as interact with real-time data using frameworks such as oraclize to make amendments on the sum assured during payouts. Smart contracts for automobile and crop insurance can be powerful in determining a payout, without any significant human intervention.
Fizzy.axa is an Ethereum-based insurance product launched by the French insurance giant, AXA. These are smart contracts that self-trigger payouts for flight delays lasting more than two hours.