Ethereum co-founder Vitalik Buterin tweeted that insurance dao (decentralized autonomous organization) is seriously undervalued. The insurance dao allows multiple participants facing similar risks to raise funds together and agree to provide coverage to any member exposed to risk. This symmetrical model ensures the balance of incentives. Vitalik noted that DAO can still hire professional claims adjudicators, but since each participant doesn't know whether they will be a beneficiary next time, the adjudicators have an incentive to remain impartial. He also mentioned that similar patterns have existed in the past and still exist in some places today.

Etherisc is paving the way to becoming the first true Insurance DAO.