Etherisc wants to bring blockchain technology to the insurance industry in collaboration with the University of Mittweida. Work has already begun on a prototype.

Etherisc believes that blockchain and the insurance industry belong together. In addition to Blockchain technology, Decentralized Autonomous Organizations (DAOs), Artificial Intelligence (AI) and Machine Learning (ML) will also be used. Through the partnership between the company and academia, they aim to overcome the challenges of traditional insurance models, by developing an entirely new blockchain insurance platform. Etherisc promises cheaper policies as the biggest benefit for users.