Etherisc Blog D1Conf Panel: Make crypto invisible!

Christoph Mussenbrock, CEO of Etherisc, moderated leading voices in blockchain insurance: Jori Armbruster (EthicHub), Marco Mirabella (Ensuro) and Don Ho (Quantstamp)🤷 What’s the use case for Blockchain in Insurance?“Insurance is not a use case. It protects your use case” argued Don Ho, CEO of Quantstamp. “In crypto, attention leads to adoption. Adoption drives need for insurance. We’re still early”.“Blockchain allows us to re-think insurance with new business models and approaches” highlighted Jori, CEO of EthicHub.“On-chain insurance is an investment vehicle, alongside tokenised assets and broader DeFi” Marco Mirabella, CEO of Ensuro suggested, who curate real-world risk and provide stablecoin-denominated capacity managed by smart contracts.All agreed that adoption is growing but the potential of the on-chain insurance industry is still largely untapped. Brand new markets, new propositions and limited access to historical claims data (which traditional insurance thrives on!) make this space riskier, but also more exciting to operate in.📈 How can we accelerate crypto adoption?Don Ho summarised: “Crypto needs to be invisible.” In his view, focus should be on simplicity of UX as users don’t fundamentally care about what sits behind it. People should never feel like they’re using crypto, but are participating in something that gives them value.To complement this, Marco and Jori highlighted hurdles including multi-chain complexities and poor onboarding experiences deterring mainstream users. Innovations like account abstraction and gasless transactions are starting to bridge this gap, making blockchain-based insurance products more accessible.⚖️ Regulation: Obstacle or Opportunity?“Regulators aren’t scared of crypto; they’re scared of losing their jobs,” Don Ho quipped, who is ”bullish on optimistic governments”.Whilst some regulators are “blockers” who stifle innovation, others saw regulators as potential enablers, pointing to jurisdictions like Bermuda, where progressive policies are fostering innovation. Marco highlighted that Bermuda’s pro-crypto stance has attracted many entrepreneurs.The discussion also touched on the importance of educating regulators about blockchain’s capabilities and risks. In countries like Spain, where regulators are engaging directly with innovators, there is a growing openness to blockchain solutions. However, panelists stressed that achieving regulatory clarity globally will be essential for blockchain insurance to scale.👍 The future’s looking brightWhen asked about their visions for the next 3–5 years, the panelists were united in their optimism.Jori highlighted the need to move the perception and focus of crypto away from memecoins to solving real world problems.Marco reinforced the importance of UX and ‘invisibility of crypto’, enabling competition on a level playing field, with .“Tokenize everything,” argued Don Ho, “if everything is tokenized and on crypto rails, it will need to be insured”, thereby unlocking new markets and drive adoption.🪄 D1Conf Panel: Make crypto invisible! was originally published in Etherisc Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.