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Fixup Devcon edition / streamline
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using Devcon SEA everywhere
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ligi authored Nov 8, 2024
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Expand Up @@ -17,7 +17,7 @@ A lot of people will travel to Devcon SEA. This will impose a number of risks to
flight Delays, baggage loss, theft, and others. We will build a decentralized travel insurance for Devcon SEA participants.

## Abstract
We will offer a FlightDelay Insurance for DevconVI attendees.
We will offer a FlightDelay Insurance for Devcon SEA attendees.

People can select their flight(s) and pay USDC 15 as a premium.
Via an oracle, the risk of the flight being late is calculated, which determines the maximum amount paid out in case of a delay.
Expand All @@ -39,11 +39,11 @@ those premiums which are not used to pay out claims. To become a liquidity provi
stake [DIP (Decentralized Insurance Protocol) tokens](https://etherscan.io/token/0xc719d010b63e5bbf2c0551872cd5316ed26acd83).

## Motivation & Rationale
Attendees get peace of mind when traveling to DevConVI. This will increase their well-being
Attendees get peace of mind when traveling to Devcon SEA. This will increase their well-being
and will also attract people who otherwise would abstain from participation.
DevCon7 attendees will most likely be willing to use blockchain based insurance because it fits
Devcon SEA attendees will most likely be willing to use blockchain based insurance because it fits
best in their DeFi engagement. Payouts can be immediate and no paperwork is needed.
FlightDelay Insurance has been offered at DevConII in Shanghai and got a lot of good feedback,
FlightDelay Insurance has been offered at Devcon SEA in Shanghai and got a lot of good feedback,
it was the first insurance Dapp on Ethereum - time to bring it back!

## Implementation
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