At D1Conf, Maximilian Sourisseau from HBA consulting updated on “Banny”, the groundbreaking blockchain-based annuity pension insurance product, built on the Etherisc platform. With the goal of white-label distribution of the product in 2025, the team continue to engage with many licensed, German insurance companies.What exactly is the Pension Product?Fully on-chain, Polygon.Designed for one-time payments with yearly payouts.Uses advanced mortality calculations for precise actuarial predictions.Implements a “proof of life” system through assigned on-chain transactions, ensuring efficient and secure payout validation.What’s the Road to Commercialisation?Since launching a functioning prototype last year, the HBA and Etherisc team have engaged with an extensive number of small, medium and large Insurance players in Germany to gather feedback on the product.Feedback has been very positive, including onsolid technical groundworkdeep actuarial researchcompliance with German regulations on annuities, ensuring the product’s integrity.Watch this space!D1Conf: Commercialising the world’s first Blockchain Pension product was originally published in Etherisc Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
