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07/18
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Sri Lanka: blockchain insurance for farms Sri Lanka: blockchain insurance for farms

Etherisc company in the partnership with Aon and Oxfam launched blockchain insurance for farms since the 1 of July. Farmers might insure their future crops from bad weather conditions.

On a microinsurance platform about 200 farmers have already registered. In the future, according to project popularization, outreach will be much wider.Because ⅓ of a workforce and ⅕ of economy are farmers.

New microinsurance platform has a lot of advantages. Affordable and clear insurance conditions attract potential project participants. Payments inquiries acceptance is automized.