over budget
CHARLI3 FIDA HOWDEN: Automated Parametric Insurance using Cardano blockchain
Current Project Status
Unfunded
Amount
Received
Received
₳0
Amount
Requested
Requested
₳1,744,000
Percentage
Received
Received
0.00%
Solution
Fida will build a Parametric Insurance platform for Howden on Cardano, automating policy processing and payments, with Charli3 Oracles providing data to eliminate manual verification steps.
Problem
Parametric insurance involves complex manual processes, leading to high costs and delayed payouts for policyholders, especially during critical times like after a natural disaster.