LINKsurance

Inspiration

Insurance is too expensive, archaic, and sometimes unfair. This usually affects people from marginalized communities.

What it does

LINKsurance uses consumer data to provide fairer insurance premium models. For this hackathon, our solution is geared towards health insurance. It factors in vitals to determine how frequently a user engages in high-risk activities in order to calculate their insurance premiums.

How we built it

Healthcare providers upload data to Google cloud, GCP functions act as an API bridge to an oracle which feeds data into the smart contract that ties to the insurance premium. Users can also connect their healthcare devices such as Fitbit to augment the data from healthcare providers.

Challenges we ran into

• https post requests are not well documented in Chainlink
• Chainlink currently does not support off-chain microtransactions

Accomplishments that we're proud of

Working MVP

What we learned

Solidity should support decimals!!

What's next for LINKsurance

Build out a more robust model for auto insurance (by tracking in driving habits), travel insurance, renter's insurance etc.

Built With

• chianlink
• gcp