Summary

The article traces the evolution of the Flight Delay DApp project and its integration into broader agricultural insurance initiatives. Founded in 2016 by Christoph Mussenbrock and Stephan Karpischek, the project began as a DApp for flight delays with significant early success, including winning an Ethereum startup contest in 2016. Its core focus shifted to inclusive finance, particularly in East Africa, where it launched a prototype crop insurance project targeting 250,000 farmers with affordable premiums.

In early 2019, Etherisc released its whitepaper and deployed a GIF for the insurance framework, which then live-connected with major NGOs like Aon and Oxfam. A key milestone was the development of a new legal model approved by the German Financial Authority in 2020, enabling regulatory approval to begin project scaling. Chainlink provided vital support for establishing partnerships, such as with ACRE Africa in Kenya, where the MVP became operational by 2021.

By 2021, the initiative expanded significantly, joining a Lemonade Crypto Climate Coalition and securing backing from Mercy Corps Ventures. This alignment aimed to scale the low-cost premium model to rural populations. The project continues to evolve through ongoing support from the Ethereum Foundation and other investors, ensuring the viability of its sustainable insurance solutions. Ultimately, Flight Delay DApp established a legacy of innovation that helped democratize access to critical insurance cover in developing regions.

Title

Etherisc | Make Insurance Fair and Accessible

Description

Etherisc | Make Insurance Fair and Accessible

Keywords

insurance, crop, more, community, africa, management, product, cookies, july, farmers, years, build, acre, flight, project, technology, software

NS Lookup

A 54.155.19.65, A 18.202.8.75, A 3.248.56.152

Dates

Created 2026-04-13

Updated 2026-04-13

Summarized 2026-04-26