Etherisc’s co-founder Stephan Karpischek and Vik Sasi, VP at American Family Ventures, discussed the potential of decentralized insurance from the perspective of a venture capital (VC) firm during a fireside chat at #D1Conf. In particular Vik shared his vision on why a venture capital company would want to invest into blockchain or token sales.

Vik Sasi, American Family Ventures at #D1Conf

“We’re 315 in Fortune 500, we are as ancient as they come, I mean insurance, we have a lot of core processes that clearly need to be streamlined, and blockchain and a lot of cryptoapplications that are here right now can certainly help.”

— Vik Sasi, American Family Ventures

Vik also provided a checklist of what to await from adopting blockchain for insurance, as well as provided some insights into an average VC company’s investment.

Stephan Karpischek of Etherisc and Vik Sasi of American Family Ventures at #D1Conf

“Obviously, we’re all here because we’re down the rabbit hole of like our society is moving towards a decentralized movement.”

— Vik Sasi, American Family Ventures

The bottom line of the discussion is that, though, it’s early to estimate what the profit in real figures will be or what decentralized insurance will mature into, it’s worth setting sail to see. For more detail, watch the video!