readme

byteball · Jul 29, 2017 · dd1aed1 · dd1aed1
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+# Flight delay insurance
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+This chatbot sells insurance against flight delays.  When a customer wants to receive a compensation `C` in case his future flight is delayed, the customer pays `x% C` premium, the bot pays `(100% - x%) C`, and the entire amount `C` is locked on a smart contract.  After the outcome is known and posted by [Flight delays oracle](https://github.com/byteball/flight-delays-oracle), the customer or the bot unlock the contract and sweep the entire amount `C`.
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+![Flight delay insurance chatbot](flight-delay-insurance.png)
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+The quotes are based on ratings provided by Flightstats: https://developer.flightstats.com/api-docs/ratings/v1.
diff --git a/flight-delay-insurance.png b/flight-delay-insurance.png