chrisco255 does have a good point. Many areas the world do not have good crop insurance. The 'parametric' insurance policies (which is what I think etherisc off

chrisco255 does have a good point. Many areas the world do not have good crop insurance. The 'parametric' insurance policies (which is what I think etherisc offers) are indeed the future of the industry. However, parametric insurance policies in no way need a blockchain to provide the service. Western Union does a great job of getting money to unbanked regions. Which makes me wonder one more thing about blockchain based solutions. What currency is the payout made in? How is blockchain an advantage if the payout is to be in USD? or local currency? If it is instead in crypto, how do you manage the FX risk? Or the legal risk? or the simple "I don't have an easy way to convert crypto to local" risk?