New LOOK series: Switzerland relies on Blockchain technology

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They have already been compensated once, because your flight was delayed or failed? No? Like you, most people – even if in these cases they actually have the right to compensation. However, the procedure is boring, it will take months or years. But this could soon be completed: thanks to Blockchain technology and the Swiss Start-up Etherisc.

"We will replace traditional insurance companies through the Software," says founder Stephan Karpischek (43) at VIEW. His company Etherisc has developed flight insurance, which is completely automated. Just a few clicks are enough to make an insurance for a flight to complete. It is stored in a Blockchain. "In this way, customers have the certainty of what they deserve and at the same time insurance fraud is difficult," says Karpischek. In case of flight delays or cancellations, a payment to the customer is automatically activated.

if you fly late on holiday, you pay the compensation, then, already on the bill, before the plane has ever been. And without a curve of the finger.

Switzerland merges the world

"Blockchain applications will explode," says Ueli Maurer (68). The Federal Council is, for many of the "secret digital ministers", Switzerland: "Technology in the coming years". Last week he opened a bricklayer in the infrastructure chain in the Stade de Suisse. It is the first Blockchain, a conference for public administration and infrastructure operators.

Mason is convinced: "Applications are huge and in almost every industry."

That politicians and businessmen are worried about the future of Blockchain technology in Switzerland is no coincidence.

thousands of new jobs and no new laws

In recent years, Switzerland has developed to become one of the leading Blockchain sites in the world. To date, hundreds of companies in the so-called crypt Valley have created 3000 new jobs. In the next few years multiply their number. The starting situation is good, and the designated federal president Maurer is also "but Switzerland is not allowed to play their excellent maps which are now wrong".

A blockchain-law, as in other countries, will not give it, states that the Federal Council is the infrastructure chain. Various laws should be regulated so that Switzerland can maintain its leading position.

This is according to Maurer, the basic tenor of the report of the working group Blockchain / ICO of the Covenant, which will be published next week. Furthermore, measures are included to guarantee the position for innovation, Switzerland.

the first applications in the starting holes

experts are convinced that Blockchains will unleash the next digital revolution. Because no company wants to lose connection, technology in the economy is a constant topic of conversation: a few days ago it became known that Swiss Post and Swisscom jointly develop a Blockchain platform for Switzerland. It should be used primarily for sensitive data. This Wednesday, the two companies will present the project publicly for the first time.

Regardless of the Novartis-experienced pharmaceutical group such as block chains, such as the food giant Nestlé, and various media houses, including the opinions of the Ringier publisher. SBB is working on its own applications, with which employees can identify themselves. And the big banks and insurance companies have come together to develop solutions based on Blockchain. Inspired by mega-corporations, young startups like Etherisc are often.

2019 is the Blockchain Post

next year, Blockchain applications will reach a large audience for the first time. We will start our insurance, our bank accounts and even our identities automatically and transfer the tampered block chains.

To do this, the Consumer does not need to understand the complex concept of Blockchain in detail, soothes the Blockchain expert, Grace Torrellas (49): "nobody should worry about how technology works, you should be happy that it works" , declared the EPFL and Stanford degree.

the Etherisc flight insurance platform, you can not see that behind it there is a Blockchain. Understand that everything works more efficiently and simply. Without a bureaucracy, without the need for a paper war.

Tomorrow: Switzerland is considered worldwide as one of the best addresses for Blockchain companies. However, the crypto-valley competition threatens.

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