💎Blockchain

Why use blockchain technology ?

Blockchain is an amazing technology for parametric insurance. Since the only thing that can trigger a claim are parameters and there is no expert judgement or arbitrary conditions to verify.

The capacity of automation of blockchain allow insurance contracts to instantly pay out when a parameter exceeds its limit fixed by the contract. This is such an important thing for those insured who lack confidence in the traditional insurance industry, mostly because of payout delays, and multiple conditions which are not parametered.

We chose to build on the Ethereum Blockchain, because it's the most easy way to connect with Chainlink tools, and Ethereum allow us to deploy smart contract on almost every blockchain thanks to the EVM.