Etherisc

Category: Platform

About

Decentralized Insurance Protocol

Etherisc’s journey began when two founders Christoph and Stephan met in July 2016 discussing insurance on the blockchain. From there was born in just a few months our first version of a blockchain insurance application – the Flight Delay Dapp in September 2016. We also applied the same model of parametric insurance to crop insurance based on weather data. We learned parametric insurance works well here because it originates a pre-established payout based on a triggering event, rather than waiting to evaluate and compensate for a specific loss. Our approach proved that smart contracts can reduce operational costs to a level that enables new markets, potentially bringing the benefits of insurance to millions of farmers in developing countries. In November the same year, we joined hack.ether.camp, a virtual hackathon, to develop a decentralized market for insurance and reinsurance. We developed a method of using tokens to transfer and trade risks easily, bringing the concept of insurance-linked securities to the blockchain. This is the kind of tokenization of risks we expect companies to create on the platform. We finished the hackathon as the most-funded project, receiving more than 500,000 Hackergold and about 3,000 Ether from early supporters. You can read more about that in our 2016 whitepaper. At the same time, Etherisc was also awarded as winner in the Blockchain startup contest, sharing the main prize with Status. In January 2017, we demonstrated a prototype for social insurance on the blockchain as our submission for the Blockchain Virtual GovHack in UAE. In April 2017, Etherisc won the Blockchain Oscar for “Most Innovative Blockchain Startup”. We also started working with EY to explore the regulatory and legal aspects of setting up and operating an insurance company on blockchain. In June 2017, Etherisc joined the Enterprise Ethereum Alliance and started the Insurance Working Group there, which Stephan and Christoph chair. In September 2017, Etherisc won a jury award at ICO Summit in Zürich, Switzerland in the pre-ICO start-up category. In the final quarter of 2017, we sold more than a hundred flight-delay policies to travelers to the Devcon3 meeting in Cancun, the Blockchain Summit in Zug and the Token Summit in San Francisco. In December 2017 we founded the Decentralized Insurance Foundation in Zug, Switzerland.

Documents

Contacts

Etherisc GmbH

Switzerland
Zug
Gotthardstr. 26
contact@etherisc.com

Milestones

  • 2016 July
    founded by Christoph Mussenbrock and Stephan Karpischek
  • 2016 September
    Flight Delay DApp presented at the Ethereum developer conference Devcon2 in Shanghai
  • 2016 November
    Etherisc wins Blockchain Startup Contest in Graz
  • 2016 December
    Released a first version of our whitepaper for review; at hack.ether.camp
  • 2017 April
    Etherisc won the Blockchain Oscar 2017 for most innovative blockchain startup
  • 2018 June
    Token Generating Event

Team

Board of directors

Christoph Mussenbrock
Co-founder, Protocol & Architecture
Stephan Karpischek
Co-founder, Ecosystem & Community
Renat Khasanshyn
Co-Founder, Insurance Products & Revenue

Advisors

Ron Bernstein
Advisor
Ralf Glabischnig
Advisor
Jake Brukhman
Advisor
William Mougayar
Advisor
Tobias Noack
Advisor
Daniel Zakrisson
Advisor

Team

Marie-Luise Meinhold
Insurance specialist
Julia Lange
Press relations, Management assistant
Felizitas Mussenbrock-Strauß
CFO & Human Resources
Elena Travkina
Director of Engineering
Kostya Andryanau
Lead Blockchain Engineer for Smart Contracts
Eugene Melnikov
Blockchain Engineer for Smart Contracts
Tatyana Kurinskaya
Engineer in Test
Alexey Lekontsev
Security Infrastructure Engineer
Andrei Kurochkin
UI/UX Designer of Insurance Products
Natalia Usenia
Community and Ecosystem Manager
Vera Reut
Community and Ecosystem Analyst
Valentina Pashentseva
Developer Content and Thought Leadership
Siarhei Symanovich
DevOps Engineer
Michiel Berende
Inclusive Insurance Lead
Alpen Sheth
Head of New Product Design

ICO information

ICO starts (UTC)
2018-06-25 12:00
ICO ends (UTC)
2018-07-23 12:00
Whitelist
Not specified
KYC
Not specified
Product status
Not specified
Est. product launch
Not specified
Main competitors
Not specified
Payments
Ethereum

Token information

Symbol
DIP
Platform
Ethereum
Unsold tokens
Not specified
Token lock time
Not specified
Soft cap
Not specified
Hard cap
30 000 000 USD
Circulating supply
300 000 000 DIP
Total supply
Not specified
Max bonus/discount
Not specified
Token value
0.1 USD
Token issue
Not specified

Financial distribution

30% PUBLIC TOKEN SALE
15% ETHERISC TEAM & EARLY SUPPORTERS
10% ETHERISC FOUNDERS
45% DECENTRALIZED INSURANCE FOUNDATION

Ratings and reviews

TokenDesk rating
9.0
Reviewed and rated by
0 experts|0 members
Scanner
9
Scanner
9

No reviews yet. Be the first!

Add comment

You must be logged in to write a review.

Write a review

You must be logged in to write a review.

Etherisc

Category: Platform
TokenDesk rating
9.0
Reviewed and rated by
0 experts|0 members
Scanner
9
Scanner
9
Platform
Ethereum
Token
DIP
Token value
0.1 USD
Hard cap
30 000 000 USD
Payments
Ethereum

Write a review

You must be logged in to write a review.