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"HACK THE BLOCK" HACKATHON London Fintech Week 2015

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Page 1: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

"HACK THE BLOCK"

HACKATHON

London Fintech Week2015

Page 2: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

SMART FLIGHT INSURANCE

InsurETH

Page 3: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

.... SOME STATISTICS ....

Page 4: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

THE NUMBERS REFLECT DELAYED FLIGHTS IN 2014

DATA FROM US DEPARTMENT OF TRANSPORTATION'S BUREAU OF TRANSPORTATIONSTATISTICS

CHICAGO

23,59%

24,41% 26,21% 28%

DENVER LAS VEGASDALLAS

Page 5: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

THE NUMBERS REFLECT CANCELED FLIGHTS IN 2014 :

DATA FROM US DEPARTMENT OF TRANSPORTATION'S BUREAU OF TRANSPORTATIONSTATISTICS

CHICAGO

2,45% 0.81% 1.4% 5%

DENVER LAS VEGASDALLAS

13454flights

3140flights

1115flights

6830flights

Page 6: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

JUNE 2014 - MAY 2015

UK Civil Aviation Authority Punctuality data

37 million passengers

THE NUMBERS SHOWS DELAYED FLIGHT TO OR FROM THE UK

DELAYED+15MIN

900.000 passengers

DELAYED+3HOURS

558.000passengers

UNCLAIMEDINSURANCE

COVER

Less than four in 10 (38%) claimed money back!

Page 7: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

So.. Your flight is delayed?!

Page 8: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

and Your Flight ticket is insured...

Page 9: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

But...No Time to fill up insurance forms!?

Page 10: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

Life is too short to waste your time to fillup insurance forms!

Page 11: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

Automated Flight Insurance

Solution:

Page 12: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

What is Automated FlightInsurance?

Decentralised = Unstoppable

Automated = Instant Compensation

Trustless = Provably honest

Page 13: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

USER

FRONT-END

ETHERUEMSMART

CONTRACT

ORACLIZECONTRACTINTERFACE

WEBORACLIZE

Page 14: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

And there is something more...

Page 15: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

INVESTING PLATFORM

Always transparent track ofinvestment movements

Investor money can provideliquidity to the insurance system

De- Invest at any time whenthe funds are not busy

Page 16: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

Less than 4 / 10 (38%) claimedmoney back!

Thanks to the InsurETH 10 /10 these passengers could get their

money back!

MARKET IMPACT

Millions of pounds left unclaimed by passengerswho are delayed when they travel

Civil Aviation Authority Punctuality data UK 2014-2015

Page 17: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

LOWER COST TO RUN THE INSURANCEDYNAMIC (INFRASTRUCTURE)

TRANSPARENCY (HENCE PROVABLYHONEST)

SIMPLE ACCESS (EVEN FROM OTHERCONTRACTS!)

WHY THE BLOCKCHAIN :

Page 18: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

Fly with InsurETH

Make life easier!

Page 19: HACKATHONmkvd.s3.amazonaws.com/apps/InsurEth.pdf · the numbers reflect delayed flights in 2014 data from us department of transportation's bureau of transportation statistics chicago

Our Owesome Team:

ThomasBertani

KristinaButkute

FrancescoCanessa

[email protected] [email protected]@gmail.com

KRISTINA BUTKUTE FRANCESCO CANESSA

Feel free to contact us!

Thank you for your time !