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PoolSurETH

Poolsureth (pronounced pulsurette)

or InsurETH Pool (still not decided about the name)

repo url: https://github.com/makevoid/hackathon/tree/poolsureth/submissions/poolsureth

Team name: Poolsureth

Team: Francesco @makevoid Canessa, Kristina @kristinab Canessa, Thomas @tbarker Barker

Team leader: Kristina @kristinab Canessa

What problem are you trying to solve?:

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.

Why do you think Blockchain/SmartContract may be the right approach?:

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 Ether 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 automated insurance (with automatic payouts in crypto currency) at the moment, even if there are some challenges (for example proving that you boarded the flight/train/cruise/... - for that the travel company should issue a queryable public API that the oracle can query) --- we think that this is the way to go.

API/DATA/Gadget you are thinking about using:

  • Oraclize
  • Truffle
  • flightstats.com
  • flighaware.com
  • TFL API
  • Southern Trains API