About us
CloudCover is revolutionizing the traditional flight insurance model with transparency, speed, and decentralized technology. By leveraging Ethereum smart contracts, decentralized oracles, and stablecoins, CloudCover ensures that travelers get paid instantly when their flight is canceled, without the hassle of traditional insurance companies.
Travelers request flight insurance by locking in a small premium. Investors, in turn, fund these policies by locking up a coverage amount, earning the premium if the flight lands as scheduled. If a flight is canceled, the traveler receives an automatic payout.
How It Works
Travelers
Request Insurance
Enter your flight details, select coverage, and pay a premium through our app.
Get Covered
If an investor funds your policy, you're covered instantly. No middlemen, no delays.
Automatic Payout
If your flight is canceled, receive an instant payout to your crypto wallet via smart contract.
Investors
Browse Policies
Explore available insurance requests and choose flights to insure.
Fund Insurance
Fund policies for flights you believe will land on time and earn premium profits.
Earn Returns
If the flight lands as scheduled, the premium is paid to you as profit. If it's canceled, the traveler gets the payout.
Features
Connect directly with investors to secure your flight, cutting out traditional insurance middlemen.
Enjoy automated, instant payouts without delays, powered by blockchain technology.
Our decentralized oracles monitor your flight status in real-time, ensuring timely and accurate payouts.
Investors can 'bet' on flight outcomes, earning premiums by backing flight insurance policies.
All policy data and transactions are visible and secure on the Ethereum blockchain.
Use cryptocurrency for seamless, borderless transactions without traditional banking constraints.
Insure flights worldwide with our decentralized platform that knows no borders.
Join a network of travelers and investors revolutionizing the flight insurance industry together.