Ethereum-recorded flight delay insurance that executes automatically

Fizzy is blockchain-based insurance against flight delays and a great example of how smart contracts can be used. The flight delay insurance is recorded in the Ethereum blockchain. This smart contract is connected to global air traffic databases, so as soon as a delay of more than two hours is observed, compensation is triggered automatically.

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• September 21, 2017 at 9:27
  in The world these days, Duly noted

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