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Terminal: trip delay protection

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Last Update: 1 week ago

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Defi

MATCH ROUND 6

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Description

{"ops":[{"attributes":{"bold":true},"insert":"Terminal"},{"insert":" is the decentralized protocol allowing people to protect their journey agains the transport delay and the trip cancellation.\nActing similar to traditional insurance, Terminal has no middle-men, hence low cost, transparency and inclusion.\n\n"},{"attributes":{"italic":true},"insert":"How it works"},{"insert":"\n- people lock the digital asset/ETH agains a particular trip they're about to take\n- the payout is calculated on-chain\n- the buyer takes the trip and when (if) the trip is delayed the payout happens automagically with no manual claim needed\n\nBut there is also another use case when people can join the "},{"attributes":{"italic":true},"insert":"risk capital reserves"},{"insert":" and earn "},{"attributes":{"italic":true},"insert":"perpetual interest"},{"insert":" on their deposit.\nThe vaults of "},{"attributes":{"bold":true},"insert":"Terminal"},{"insert":" mimic the traditional institutional reserves which are backing up risks:\noperational"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"reinsurance"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"Both those funds hold the reserves in a number of assets and rebalance automatically.\n\n"},{"attributes":{"italic":true},"insert":"What's next"},{"insert":"\nThe next things to do:\n- Add extra datasources and cover all the international trains of Western Europe"},{"attributes":{"list":"ordered"},"insert":"\n"},{"insert":"- Launch on main net"},{"attributes":{"list":"ordered"},"insert":"\n"},{"insert":"- Add More decentralisation and consensus on the data sources"},{"attributes":{"list":"ordered"},"insert":"\n"},{"insert":"- Expand to the flight delay protection"},{"attributes":{"list":"ordered"},"insert":"\n"}]}

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