From 80575cd07076a02a3c624049370e14e6b8d4947d Mon Sep 17 00:00:00 2001 From: Christoph Mussenbrock Date: Fri, 27 Nov 2020 15:09:05 +0100 Subject: [PATCH 01/11] Commit DIP-14.md --- DIPs/DIP-14.md | 40 ++++++++++++++++++++++++++++++++++++++++ 1 file changed, 40 insertions(+) create mode 100644 DIPs/DIP-14.md diff --git a/DIPs/DIP-14.md b/DIPs/DIP-14.md new file mode 100644 index 0000000..d3ada7b --- /dev/null +++ b/DIPs/DIP-14.md @@ -0,0 +1,40 @@ +--- +DIP: (Number of DIP) +Title: Travel insurance +Status: Draft +Themes: a,b,c +Tags: DeFi, Insurance, Peer2Peer, Travel +Authors: christoph@etherisc.com +Resources Required: CustomerSupportBooth at DevConVI +Discussion: https://forum.devcon.org +Created: 2020-11-27 +--- + +## Summary of Proposal + +A lot of people will travel to DevConVI. This will impose a number of risks to these people: +flight Delays, baggage loss, theft, and others. We will build a decentralized travel insurance for DevConVI participants. + +## Abstract +__200 word description of the proposal.__ +(this will be provided) + +## Motivation & Rationale +Attendees get peace of mind when travelling to DevConVI. This will increase their wellbeing +and will also attract people who otherwise would obstain from participation. +DevConVI attendees will most likely be willing to use blockchain based insurance because it fits +best in their DeFi engagement. Payouts can be immediate and no paperwork is needed. +While we have offered FlightDelay Insurance at DevConII in Shanghai and got a lot of good feedback, +we believe that a full featured travel insurance would + +## Implementation +FlightDelay Insurance has been live at DevConII and DevConIII. It will be implemented using our +GenericInsuranceFramework and it will live on the Ethereum mainnet. + +## Operational Requirements & Ownership +Implementation and operation will be provided by Etherisc. +We are talking with DIP-3 author WindingTree to integrate in their travel agency. + +## Links & Additional Information +__Any additional information__ +t.b.d. From 4175e6b506f06962b7c21c708ed877904f32a727 Mon Sep 17 00:00:00 2001 From: Christoph Mussenbrock Date: Fri, 27 Nov 2020 15:11:44 +0100 Subject: [PATCH 02/11] Update DIP number --- DIPs/{DIP-14.md => DIP-15.md} | 0 1 file changed, 0 insertions(+), 0 deletions(-) rename DIPs/{DIP-14.md => DIP-15.md} (100%) diff --git a/DIPs/DIP-14.md b/DIPs/DIP-15.md similarity index 100% rename from DIPs/DIP-14.md rename to DIPs/DIP-15.md From deb493aae469a354a22547b9e129d8e10cf20fcf Mon Sep 17 00:00:00 2001 From: Christoph Mussenbrock Date: Fri, 27 Nov 2020 17:50:20 +0100 Subject: [PATCH 03/11] Update DIPs/DIP-15.md Co-authored-by: ligi --- DIPs/DIP-15.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/DIPs/DIP-15.md b/DIPs/DIP-15.md index d3ada7b..9b3bbdb 100644 --- a/DIPs/DIP-15.md +++ b/DIPs/DIP-15.md @@ -1,5 +1,5 @@ --- -DIP: (Number of DIP) +DIP: 15 Title: Travel insurance Status: Draft Themes: a,b,c From 8ad1ea49ad08eebf7717ebf8990926b3dd88fac2 Mon Sep 17 00:00:00 2001 From: Christoph Mussenbrock Date: Fri, 27 Nov 2020 17:50:41 +0100 Subject: [PATCH 04/11] Update DIPs/DIP-15.md Co-authored-by: ligi --- DIPs/DIP-15.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/DIPs/DIP-15.md b/DIPs/DIP-15.md index 9b3bbdb..ba246be 100644 --- a/DIPs/DIP-15.md +++ b/DIPs/DIP-15.md @@ -6,7 +6,7 @@ Themes: a,b,c Tags: DeFi, Insurance, Peer2Peer, Travel Authors: christoph@etherisc.com Resources Required: CustomerSupportBooth at DevConVI -Discussion: https://forum.devcon.org +Discussion: https://forum.devcon.org/t/dip-15-travel-insurance/176 Created: 2020-11-27 --- From a1a3f428977515f2f7d3ab0811b7b87a368fb0df Mon Sep 17 00:00:00 2001 From: Christoph Mussenbrock Date: Fri, 27 Nov 2020 17:50:50 +0100 Subject: [PATCH 05/11] Update DIPs/DIP-15.md Co-authored-by: ligi --- DIPs/DIP-15.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/DIPs/DIP-15.md b/DIPs/DIP-15.md index ba246be..2e58adf 100644 --- a/DIPs/DIP-15.md +++ b/DIPs/DIP-15.md @@ -21,7 +21,7 @@ __200 word description of the proposal.__ ## Motivation & Rationale Attendees get peace of mind when travelling to DevConVI. This will increase their wellbeing -and will also attract people who otherwise would obstain from participation. +and will also attract people who otherwise would abstain from participation. DevConVI attendees will most likely be willing to use blockchain based insurance because it fits best in their DeFi engagement. Payouts can be immediate and no paperwork is needed. While we have offered FlightDelay Insurance at DevConII in Shanghai and got a lot of good feedback, From 2f7ec26506f9b3ee82744532b64801530e828e97 Mon Sep 17 00:00:00 2001 From: Christoph Mussenbrock Date: Fri, 27 Nov 2020 17:51:10 +0100 Subject: [PATCH 06/11] Update DIPs/DIP-15.md Co-authored-by: ligi --- DIPs/DIP-15.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/DIPs/DIP-15.md b/DIPs/DIP-15.md index 2e58adf..ca7bb15 100644 --- a/DIPs/DIP-15.md +++ b/DIPs/DIP-15.md @@ -20,7 +20,7 @@ __200 word description of the proposal.__ (this will be provided) ## Motivation & Rationale -Attendees get peace of mind when travelling to DevConVI. This will increase their wellbeing +Attendees get peace of mind when travelling to DevConVI. This will increase their well-being and will also attract people who otherwise would abstain from participation. DevConVI attendees will most likely be willing to use blockchain based insurance because it fits best in their DeFi engagement. Payouts can be immediate and no paperwork is needed. From 9b490260587758d12253fdbcb03754b88f8d00e2 Mon Sep 17 00:00:00 2001 From: Christoph Mussenbrock Date: Fri, 27 Nov 2020 19:05:40 +0100 Subject: [PATCH 07/11] Update DIP-15.md --- DIPs/DIP-15.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/DIPs/DIP-15.md b/DIPs/DIP-15.md index ca7bb15..8005d2d 100644 --- a/DIPs/DIP-15.md +++ b/DIPs/DIP-15.md @@ -2,8 +2,8 @@ DIP: 15 Title: Travel insurance Status: Draft -Themes: a,b,c -Tags: DeFi, Insurance, Peer2Peer, Travel +Themes: Travel, Safety +Tags: DeFi, Insurance, Peer2Peer Authors: christoph@etherisc.com Resources Required: CustomerSupportBooth at DevConVI Discussion: https://forum.devcon.org/t/dip-15-travel-insurance/176 From 60bff252f9ece0cc7078aae0e999fbf74f43143e Mon Sep 17 00:00:00 2001 From: Christoph Mussenbrock Date: Wed, 2 Dec 2020 22:50:35 +0100 Subject: [PATCH 08/11] Update Abstract and Links section. --- DIPs/DIP-15.md | 32 +++++++++++++++++++++++++++----- 1 file changed, 27 insertions(+), 5 deletions(-) diff --git a/DIPs/DIP-15.md b/DIPs/DIP-15.md index 8005d2d..a48b243 100644 --- a/DIPs/DIP-15.md +++ b/DIPs/DIP-15.md @@ -16,8 +16,26 @@ A lot of people will travel to DevConVI. This will impose a number of risks to t flight Delays, baggage loss, theft, and others. We will build a decentralized travel insurance for DevConVI participants. ## Abstract -__200 word description of the proposal.__ -(this will be provided) +We will offer a FlightDelay Insurance for DevconVI attendees. + +After registering, people select their flight(s) and pay a small premium (about USD 10$-25$) in some stablecoin, +e.g. USDC, DAI etc. +Via an oracle, the risk of the flight being late is calculated. +After landing, the actual delay is determined by a second oracle call and in case of a delay, the payout is calcuated +and immediately transfered to the customers wallet. +We are currently talking to [Team WindingTree](https://windingtree.com) to integrate the insurance in windingtree's travel agency solution. +The oracle is provided by [Chainlink](https://chain.link). The core business process runs on our +"[Generic Insurance Framework](https://github.com/etherisc/GIF)" and does +not necessarily need any off-chain components, which are, however, provided for convenience. + +We will explore if other travel related insurance products can be implemented in a similar way, e.g. baggage loss, +theft, and others, depending on availability of reliable loss data. + +Claims are paid out from risk pools. Investors can provide liquidity for risk pools. Liquidity providers receive +those premiums which are not used to pay out claims. To become a liquidity provider, investors need to +stake DIP tokens. + +The economic model together with the staking model is tested in Q1/2021. ## Motivation & Rationale Attendees get peace of mind when travelling to DevConVI. This will increase their well-being @@ -29,12 +47,16 @@ we believe that a full featured travel insurance would ## Implementation FlightDelay Insurance has been live at DevConII and DevConIII. It will be implemented using our -GenericInsuranceFramework and it will live on the Ethereum mainnet. +[Generic Insurance Framework](https://github.com/etherisc/GIF) and it will live on the Ethereum mainnet. ## Operational Requirements & Ownership Implementation and operation will be provided by Etherisc. We are talking with DIP-3 author WindingTree to integrate in their travel agency. ## Links & Additional Information -__Any additional information__ -t.b.d. +- https://etherisc.com +- https://github.com/etherisc/GIF +- https://windingtree.com +- https://github.com/windingtree +- https://chain.link +- [Blog describing the Chainlink Integration of FlightDelay Oracles](https://blog.etherisc.com/etherisc-to-leverage-chainlink-oracles-for-decentralized-flight-insurance-product-9559b64d79c7) From 84857a82728041ff1daa56c4f290b6c70e1e9e90 Mon Sep 17 00:00:00 2001 From: Christoph Mussenbrock Date: Thu, 3 Dec 2020 09:29:32 +0100 Subject: [PATCH 09/11] Update DIPs/DIP-15.md Co-authored-by: ligi --- DIPs/DIP-15.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/DIPs/DIP-15.md b/DIPs/DIP-15.md index a48b243..2e4d38e 100644 --- a/DIPs/DIP-15.md +++ b/DIPs/DIP-15.md @@ -22,7 +22,7 @@ After registering, people select their flight(s) and pay a small premium (about e.g. USDC, DAI etc. Via an oracle, the risk of the flight being late is calculated. After landing, the actual delay is determined by a second oracle call and in case of a delay, the payout is calcuated -and immediately transfered to the customers wallet. +and immediately transferred to the customers wallet. We are currently talking to [Team WindingTree](https://windingtree.com) to integrate the insurance in windingtree's travel agency solution. The oracle is provided by [Chainlink](https://chain.link). The core business process runs on our "[Generic Insurance Framework](https://github.com/etherisc/GIF)" and does From a9b8e610f07bbd4cbb1d5f4276ea04d26dad7a90 Mon Sep 17 00:00:00 2001 From: Christoph Mussenbrock Date: Thu, 3 Dec 2020 09:59:16 +0100 Subject: [PATCH 10/11] Update Abstract and Links section. --- DIPs/DIP-15.md | 10 ++++++---- 1 file changed, 6 insertions(+), 4 deletions(-) diff --git a/DIPs/DIP-15.md b/DIPs/DIP-15.md index 2e4d38e..6153905 100644 --- a/DIPs/DIP-15.md +++ b/DIPs/DIP-15.md @@ -33,9 +33,9 @@ theft, and others, depending on availability of reliable loss data. Claims are paid out from risk pools. Investors can provide liquidity for risk pools. Liquidity providers receive those premiums which are not used to pay out claims. To become a liquidity provider, investors need to -stake DIP tokens. +stake [DIP (Decentralized Insurance Protocol) tokens](https://etherscan.io/token/0xc719d010b63e5bbf2c0551872cd5316ed26acd83). -The economic model together with the staking model is tested in Q1/2021. +The economic model together with the staking model will be tested in Q1/2021. ## Motivation & Rationale Attendees get peace of mind when travelling to DevConVI. This will increase their well-being @@ -43,7 +43,9 @@ and will also attract people who otherwise would abstain from participation. DevConVI attendees will most likely be willing to use blockchain based insurance because it fits best in their DeFi engagement. Payouts can be immediate and no paperwork is needed. While we have offered FlightDelay Insurance at DevConII in Shanghai and got a lot of good feedback, -we believe that a full featured travel insurance would +we believe that a full featured travel insurance would be even more attractive for Devcon VI attendees. +The connection with WindingTree will further improve the user experience because travellers can buy +flight tickets, hotel and other services and pay in a single transaction. ## Implementation FlightDelay Insurance has been live at DevConII and DevConIII. It will be implemented using our @@ -51,7 +53,7 @@ FlightDelay Insurance has been live at DevConII and DevConIII. It will be implem ## Operational Requirements & Ownership Implementation and operation will be provided by Etherisc. -We are talking with DIP-3 author WindingTree to integrate in their travel agency. +We are talking with [DIP-3 author WindingTree](https://github.com/efdevcon/DIPs/blob/master/DIPs/DIP-3.md) to integrate in their travel agency. ## Links & Additional Information - https://etherisc.com From 5d12c4f2627a9b708623af51591fd5d22a984c83 Mon Sep 17 00:00:00 2001 From: Christoph Mussenbrock Date: Fri, 4 Dec 2020 06:25:51 +0100 Subject: [PATCH 11/11] Update DIPs/DIP-15.md Co-authored-by: ligi --- DIPs/DIP-15.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/DIPs/DIP-15.md b/DIPs/DIP-15.md index 6153905..01ee554 100644 --- a/DIPs/DIP-15.md +++ b/DIPs/DIP-15.md @@ -21,7 +21,7 @@ We will offer a FlightDelay Insurance for DevconVI attendees. After registering, people select their flight(s) and pay a small premium (about USD 10$-25$) in some stablecoin, e.g. USDC, DAI etc. Via an oracle, the risk of the flight being late is calculated. -After landing, the actual delay is determined by a second oracle call and in case of a delay, the payout is calcuated +After landing, the actual delay is determined by a second oracle call and in case of a delay, the payout is calculated and immediately transferred to the customers wallet. We are currently talking to [Team WindingTree](https://windingtree.com) to integrate the insurance in windingtree's travel agency solution. The oracle is provided by [Chainlink](https://chain.link). The core business process runs on our