Cyber Security Insurance Smart Contract

A Cyber Security Insurance smart contract running on the Ethereum network but paying its insurance premiums in Bitcoin. The Ethereum smart contract uses an "inbound oracle" from https://smartcontract.com/ to provably acquire data about the status of the company's cyber security (in this case the company's firewall status) and a second "outbound oracle" from https://smartcontract.com/ that monitors and relies on the Ethereum smart contract's cyber risk calculations; releasing additional insurance premium payments in Bitcoin, as cyber risk for the company provably increases.

This smart contact's "outbound oracle" releases payment in Bitcoin based on an Ethereum smart contract, effectively connecting the two protocols according to their current strengths; complex smart contract execution in Ethereum resulting in immediate and secure Bitcoin payments.

https://create.smartcontract.com/#/contracts/aa04e5d2852178290597f0227e8cbf58 is the "inbound oracle" providing the firewall status data to the ethereum smart contract.

https://gist.github.com/se3000/53dc9056235c8f4d5c380402488647b0 is our ethereum smart contract code for simple cyber risk assessment based on firewall uptime, with the ethereum smart contract running on mainnet; http://etherscan.io/address/0x5a14460da6f51330a82d90c7cbbf8d5afdfb0291

https://create.smartcontract.com/#/contracts/662ed4e11853a1829eed54c4f5b14728 is the "outbound oracle" which relies on the Ethereum smart contract's cyber risk assessment to release increasingly larger insurance premiums in the form of Bitcoin.

Built With

• bitcoin
• ethereum