Tag: AXA
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AXA Uses the Public Ethereum Blockchain for Flight Delay Insurance
French insurance giant AXA is using the public Ethereum blockchain to offer automatic compensation to air travelers in the event of a delayed flight. With ‘Fizzy’, the new blockchain-powered insurance product, AXA is laying claim to be the ‘first major insurance group to offer insurance using blockchain technology.’ The ‘smart-contract’ insurance offering compensates passengers with…
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AXA Is Using Ethereum’s Blockchain for a New Flight Insurance Product
French insurance giant AXA has launched a new flight delay insurance product that uses the public ethereum blockchain to store and process payouts. The product, called Fizzy, is being pitched as a “smart insurance” tool that flyers can use to insure their trips if their flight is delayed by two hours or more. As such, the…