The Russian company Teambrella wants to solve some problems of the insurance industry by eliminating insurance companies. Yes, just like you read it. Using smart contracts and criptocurrencies, the Russian developers of Teambrella have built a decentralized insurance platform. They have now launched the first projects, which cover pets in South America and bicycles in the Netherlands. Due to the handling fees of the crypto-currencies, the developers switched from Bitcoin to Ethereum.
Until now, bitcoin and other cryptocurrencies have mostly proved that they can build and maintain the money in a decentralized way, without the governments of the countries and their central banks. This marks a historic innovation, which initiated a silent revolution that will take decades to penetrate society as a whole.
Read more at: http://www.crypto-economy.net/teambrella-starts-operations-in-south-america-and-holland/?lang=en