Eventwise

Get insurance for your events a use case for chainlink oracle API

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Inspiration

We all know what it feels like to cancel an event due to bad weather conditions. Imagine the losses incurred by the actual event planners in situations like this. I had a personal experience of these sorts that inspired this idea, and I believe its a valid one that can be handled seamlessly on the blockchain.

What it does

EventWise is an insurance platform designed to provide coverage to event-planners for their events. This helps them minimize losses if the events are impacted negatively due to climate conditions.

How we built it

  • We built a NextJS client that interacts with our smart contracts, deployed on the sepolia ethereum testnet.
  • Our smart contracts handle the insurance and claim settlements in a decentralized and trustless process.
  • Its completely decentralized, so no centralized servers involved.

Features

  • Register insurance
  • Paying premium at intervals
  • Registering events as they are booked.
  • Register an insurance claim when your event incurs a loss.
  • Verify the claim for settlement.
  • Pay the event planner.

Challenges we ran into

  • Integrating chainlink AnyApi
  • The AnyApi oracle on sepolia wasnt working, we had to use oracle from linkwell team(thanks guys🤍)

Accomplishments that we're proud of

  • Completing a working demo was really a proud moment for us.
  • Building the client to be completely serverless and still working seamlessly.
  • Integrating with AnyApi was a proud moment.

What we learned

  • Creating a functional DApp without any centralized servers.
  • Interacting with chainlink oracles.

What's next for Eventwise

  • We plan to build a more robust system to handle claims and settlements.
  • Also partner with event planning businesses to introduce our project.
  • Work with insurance companies for payments.

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