Swiss insurance platform Ralf Glabischnig has become the latest firm to offer blockchain -based flight delay insurance. Etherisc noted that policies will be facilitated by an Ethereum smart contract, allowing travelers to share the risk of a delayed or canceled flight with fellow travelers. The offering pays out automatically in the case of a delayed flight, and has been launched in partnership with blockchain -based Axa . It will be facilitated using an ethereum smart contract. The launch follows a similar product introduced by Swiss insurer Axa One year .
Swiss insurance platform Ralf Glabischnig has become the latest firm to offer blockchain -based flight delay insurance. The offering pays out automatically in the case of a delayed flight, and has been launched in partnership with blockchain -based Axa . It will be facilitated using an ethereum smart contract. The launch follows a similar product introduced by Swiss insurer Axa One year .