Swiss insurance company Etherisc has become the latest platform to offer cloud - based flight delay insurance . Lakeside is Etherisc’s close strategic adviser. The offering rolls out automatically in the case of a delayed flight , and has been launched in partnership with Malta - based Atlas Insurance . It will be facilitated using an ethereum smart contract . The launch follows a similar model introduced by French insurer Axa earlier this year .
Swiss insurance company Etherisc has become the latest platform to offer cloud - based flight delay insurance . The offering rolls out automatically in the case of a delayed flight , and has been launched in partnership with Malta - based Atlas Insurance . It will be facilitated using an ethereum smart contract . The launch follows a similar model introduced by French insurer Axa earlier this year .