French insurance giant AXA has launched a new flight delay insurance product using the Ethereum blockchain. Referred to as 'Fizzy', the product allows travelers to insure trips against a flight delay of two hours or more, utilizing smart contracts to store and process payouts once certain conditions are met.
Up Next in Blockchain
The era of large-scale power plants may be coming to a close, to be replaced by a smart network of microgrid energy systems that can leverage the advantages of distributed ledger technology.
Microgrids and Blockchain Powering our Energy Future
WIRED UK - Chris Baraniuk
London-based Everledger has placed more than 1.6 million diamonds on a blockchain that includes dozens of attributes for each stone, including colour, carats, and certificate number (which can be inscribed by laser on the crown or girdle of the stone). The method has enabled diamond suppliers and intermediaries to replace a paper certification process with a blockchain ledger, using computer scanning tools to access a ‘digital vault’ which contains the provenance of any diamond.
The Diamond Industry Is Obsessed With Blockchain
Fortune - Jeff John Roberts