Etherisc Insures Against Flight Delays Via Crypto Rails

The protocol automates insurance payouts when flights are delayed or canceled based on on-chain data, aiming to give more real-world use cases for blockchain technology

article-image

Source: Alexandr Podvalny

share
  • The platform currently only accepts payments in crypto, but plans to accept traditional bank cards in the future
  • Etherisc integrates Chainlink oracles in its product so users can see if the correct flight information was used when determining the claims process

The firm behind a blockchain protocol custom-built for the insurance industry is launching a new on-chain product for flight delays and cancellations. 

Etherisc’s FlightDelay product will go live on Thursday, which will make filing an insurance claim faster and more transparent, according to co-founder Christoph Mussenbrock. 

The application will issue policies and give almost instant payouts for travelers who experience flight cancellations or delays of over 45 minutes. The project aims to take out the paperwork and lengthy process of manually filing an insurance claim.

“While there are other travel insurance products available, they typically require a delay of several hours to a planned flight before any compensation is deemed applicable. In addition, policyholders need to manually file a claim and this process is cumbersome, time-consuming and lacks transparency,” Mussenbrock told Blockworks.

“In contrast, Etherisc’s blockchain-backed insurance product offers real-time, fully automated payouts starting at just 45 minutes delay. We are the only providers currently offering such a solution.”

Additionally, Etherisc integrated Chainlink oracles in FlightDelay, so users can access on-chain data to see if the correct flight information was used when determining the claims process.

“[This product] has a real opportunity to disrupt manual claims processing by reducing employee labor, server, software management, and other overhead costs via blockchain-based automation,” William Herkelrath, managing director at Chainlink Labs, said in a statement. 

FlightDelay’s insurance risk pool will be generated by members of the Etherisc community that actively stake its native DIP token, according to a press release. 

FlightDelay is available with over 80 airlines. The platform currently only accepts payments in crypto for its services, specifically through blockchain payments platform Gnosis Chain, but plans to accept traditional bank cards in the future.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (8).png

Research

Kinetiq has established itself as Hyperliquid's dominant liquid staking protocol, holding 82.5% of LST market share with $610M in TVL. The protocol is now expanding beyond its kHYPE staking core into higher take-rate verticals: iHYPE for institutional custody rails, Launch for HIP-3 capital formation, and Markets for builder-deployed perpetuals. We view Markets, launching Jan. 12, as the highest-potential product line given its mechanically scalable, activity-linked unit economics. Near-term revenue remains anchored by kHYPE's KIP-2 fee schedule (~$1.6M annualized), while Markets provides embedded optionality if HIP-3 economics normalize post-Growth Mode. KNTQ's setup is relatively clean: zero insider unlocks until November 2026, 6.2% buyback yield from staking revenue, and cleared airdrop overhang. Risks center on unproven Markets execution, declining kHYPE TVL despite ongoing incentives, and competition from Hyperliquid's native initiatives.

article-image

BTC finished the week up 1.6%, while L2s, RWAs and the treasury trade continued to grind lower

article-image

DTCC moves DTC-custodied Treasuries onchain via Canton, while Lighter’s LIT launches trading at a fees multiple in Hyperliquid territory

article-image

In the 90s, rapt audiences worldwide watched a coffee pot — will that fascination ever turn to crypto?

article-image

Some systems improve by failing — and crypto has no choice

article-image

Yield Basis introduces an IL-free AMM design that already dominates BTC DEX liquidity

article-image

Maybe tokenholders don’t need the rights that corporate shareholders have come to expect

Newsletter

The Breakdown

Decoding crypto and the markets. Daily, with Byron Gilliam.

Blockworks Research

Unlock crypto's most powerful research platform.

Our research packs a punch and gives you actionable takeaways for each topic.

SubscribeGet in touch

Blockworks Inc.

133 W 19th St., New York, NY 10011

Blockworks Network

NewsPodcastsNewslettersEventsRoundtablesAnalytics