breaktheblock / hackathon Goto Github PK

Team Name: Fire Breathing Rubber Duckies
Team Members: Caroline Clark, Jaycee Cheong, Rozi Kepes

What problem are you trying to solve?:
There is no way to reliably obtain claim history of a customer at the moment, for insurers this causes problems such as not being able to correctly price a policy. If all claim history is on the blockchain (encrypted), insurers can use that for better pricing. This solution would also help customers switch between insurers, as they will be able to easily prove their claim history and get a good quote. New insurers will be able enter the market as there will be an incentive to switch insurers.

Why do you think Blockchain/SmartContract may be the right approach?: In is a decentralised, unmodifiable database that untrusted participants (insurer to insurer, customer to insurer) can use.

API/DATA/Gadget you are thinking about using: -

Git Repo: https://github.com/CarolineClark/BreakTheBlock

• Team name:InsureXXX
• Team members (assign yourself to the issue): @makoto @chris ....
• Team leader: @makoto
• What problem are you trying to solve?:
• Why do you think Blockchain/SmartContract may be the right approach?:
• API/DATA/Gadget you are thinking about using:
• What area do you need help on?:

see Poolsureth.md

updated

Team name: Cryptinsurance
Team members: @AccentSandeep @Heggz @MikeStale
Team leader: @Heggz
What problem are you trying to solve?: 'Fat finger' mistypes can be a big issue for new users who start sending transactions on the Ethereum network. The lack of checksums for addresses can mean that significant amounts of Ether may get sent to random or non-existent accounts. We propose to create a smart contract users can opt in to which allows them to insure against mis-typed addresses whether in the hex format, or as an ENS address.
Why do you think Blockchain/SmartContract may be the right approach?: Since the problem is already based on a blockchain, it makes sense to insure it on a blockchain using an automated smart contract which can check for close differences between the intended address and mistake address sent to.
API/DATA/Gadget you are thinking about using: N/A
What area do you need help on?: Insurance expertise

Team name: Mobinsure
Team members (assign yourself to the issue): William Griffiths, Zareef Anam, Paolo Ventura, Jane Bedwell
Team leader: Paolo
What problem are you trying to solve?: Peer to peer insurance of stolen mobile phones.
Why do you think Blockchain/SmartContract may be the right approach?: Transparency reduces fraud. Decentralisation increases availability. Lack of intermediary allows for more competitive prices. Can insure second hand phones.
API/DATA/Gadget you are thinking about using: Ethereum, publicly available phone IMEI database, Oraclize.
What area do you need help on?: Not sure yet...

Team Name: SureFair
Team Members: Nathan Lewis, Zachary Williamson, Linda Ilonze, Trevor Oakley, Hari Rajapakshe, Adeyemi Toluhi
Team Leader:
What problem are you trying to solve?:
Today, large sections of the African population and hundreds of millions of other worldwide are denied the opportunities of having their goods insured. This market failure stems from high operating costs in large insurance companies and their inability to accurately forecast risk in developing nations and for micro-insurance demands.
These market demands also prevent investors from making profit by investing in underwriting ventures in the developing world and in micro-insurance operations.
Why do you think Blockchain/SmartContract may be the right approach?: Its decentralized nature makes it easier to increase the number of participants in the market. It also addresses the trust issues associated with the insurance industry.
API/DATA/Gadget you are thinking about using: Oraclize
What area do you need help on?:

Git Repo: https://github.com/NathanLewis/surefair

Team name: p2pinsure
Team members (assign yourself to the issue): David Mark, Edward Ward, Nic Muturmiuc, Peter Jones
Team leader: David Mark
What problem are you trying to solve?: peer to peer cooperative (mutual) insurance
Why do you think Blockchain/SmartContract may be the right approach?: Decentralised p2p network. Visibility, efficient, enables insurance in non traditional markets (e.g. developing markets)
API/DATA/Gadget you are thinking about using:
What area do you need help on?:everything :)

Team name: Claimless

Team members (assign yourself to the issue):
Divya Singhal
Kelvin Vail
Mark Durrant
Govind
Bhanu

Team leader:
Divya Singhal

What problem are you trying to solve?:

Problem:
No claim bonuses are locked to insurers and insurance types.

Solution:
We will allow no claim bonuses to be transferred between insurers and insurance types. We are trying to build a universal no claim bonus system. Below are few benefits:

(1) Insurer can attract customer by offering a discount based on customer's no claim bonus.
(2) Customer with higher no claim token are at low risk.

Why do you think Blockchain / SmartContract may be the right approach?:

• No central authority to manage the no-claim bonus history.
• No claim bonus is redeemable across insurance providers.
• Transparent No-claim bonus system.

API/DATA/Gadget you are thinking about using:

• None

What area do you need help on?:
None at the moment

Team name: Coders Without Insurance
Team members: @cburgdorfer @HarryWisemanTP @muhammaddadu @Comum @candidk
Team leader: @cburgdorfer
What problem are you trying to solve?: Insured with us ensures you will never be in a bad mood when it rains. Our motto: "When it rains, we make it rain!"
Why do you think Blockchain/SmartContract may be the right approach?: Automatically triggered payouts, trusted data, flexibility
API/DATA/Gadget you are thinking about using: Weather APIs, more TBC
What area do you need help on?: TBC

Team Name: SimplyBlockchain

Team Members: Candy (candidk) and Isaac (Isaac12x)

Team Leader: Candy

What problem are you trying to solve?: Collectively using insurance premiums to invest in natural hedges or specific loss mitigations to reduce the impact or occurrence of a negative event. E.g. bee research if you sell agricultural insurance.

Why do you think Blockchain/SmartContract may be the right approach?: Transparency provided by public blockchain. Blockchain is useful for achieving collective goods. Voting via tokens may be useful to select which loss mitigators to invest in.

API/DATA/Gadget you are thinking about using:
Ethereum, solidity, nodejs, linux, maybe some golang, smart contracts

What area do you need help on?
Smart contracts and voting mechanisms within solidity and ethereum, dashboards, any team members.

Team name: SimplyHackers
Team members Jenny, Vlad, Ash, Victor
Team leader: Craig

What problem are you trying to solve?:
Low level of transparency around insurance claim process for relevant stakeholders (claimant, insureds, agents, insurers, adjusters, solicitors, etc)
No automatic connection between claims and original policies.
Multiple parties involved in claims process potentially working on different versions of the truth.

Why do you think Blockchain/SmartContract may be the right approach?:
Blockchains and SmartContracts provides process integrity to the claim process through disintermediation, transparency, and immutability of data. This would lead to improved trust, lower cost, improved responsiveness, and faster transactions.

API/DATA/Gadget you are thinking about using:
Ethereum solidity, node.js, web3, Geth-Ethereum test network, nedb (js database)

Team name: Crowd RE
Team members: Mark Painter, Hugh Karp, Joseph Christopherson, Lukas Musial
Team leader: Mark Painter
What problem are you trying to solve?: Increasing efficiency in reinsurance markets to lower costs,
democratizing reinsurance markets to increase investor participation and better pricing through policy transparency with the goal of increasing the reach of insurance products to emerging markets.
Why do you think Blockchain/SmartContract may be the right approach?: Increased visibility on written policies implemented on a standardized technology stack that can be used by multiple parties. Tokenization of risk pools enables reinsurance market to be accessible to both small and large investors.
API/DATA/Gadget you are thinking about using: TBD
What area do you need help on?: Additional guidance on Smart Contract design

Team name: ICOsurance

Github repo: https://github.com/CMLTeam/ICOsurance

Team members:

• @xonixx - Vlad Gubarkov
• @justrocknrolla - Sasha Shchetynin
• @vgorin - Basil Gorin
• @lyapen - Oleksii Potapenko

Team leader: @xonixx

What problem are you trying to solve?:

The project is aimed to provide the insurance solution to ICO investors against possible losses due to cyber-attacks during the ICO process.

Nowadays lots of ICOs suffer from cyber-security attacks. To name a few during last days:

• Parity Multisig Wallet Hack that affected 3 ICOs ($30m investors' money loss)
• CoinDash crowdfunding hack ($7m of investors money went to attacker's wallet)

We propose the enhanced standard for smart-token contracts (on top of ERC20) that has an insurance logic built-in.

What this project IS NOT

• This is not an insurance to the possible loss due to market price changes (volatility)
• This is not an insurance against fraud/scam ICOs. It's responsibility of an investor to properly assess a project to invest in.

Why do you think Blockchain/SmartContract may be the right approach?:

• Eating your own dog food - use blockchain itself to protect blockchain
• all the logic is implemented as smart contract and operates on crypto-currency only (no fiat) so no risks due to volatility involved

API/DATA/Gadget you are thinking about using:
Ethereum, ERC20, mock data (real data in future).

What area do you need help on?:
Insurance specialists

Team name:TwitterChain
Team members (assign yourself to the issue): @piotrgrudzien
Team leader: @piotrgrudzien
What problem are you trying to solve?: Insuring against drops in popularity on social media such as Twitter
Why do you think Blockchain/SmartContract may be the right approach?: Blockchain allows for constructing a pool of social media users who do not need to trust each other to provide insurance-like services for one another.
API/DATA/Gadget you are thinking about using: Oraclize, Twitter API
What area do you need help on?: Oraclize

Team name: Breaker Of Chains
Team members: Ethan Sperry, Hoa Ton-that, Chris Woodworth, George Lee
Team leader: Hoa Ton-that
What problem are you trying to solve?: Create a micro-insurance for mobile devices by day. An AI will be used to determine a broken screen, and pay outs.
Why do you think Blockchain/SmartContract may be the right approach?: The zero touch philosophy, where a process can start at a customer and end with the customer, is possible with blockchain in this scenario. It manages all the business logic, triggers automatic payouts, and can house all the data we need. As the insurance expands, more companies can be invited into the blockchain to participate.
API/DATA/Gadget you are thinking about using: Artificial Intelligence
What area do you need help on?: Nothing at the moment