You’ve likely seen a lot of talk about how the effects of our current pandemic quarantine may forever change how we work. You may even feel the change happening.
Currently, we’re all enjoying full days of video chats on Teams, Zoom, Slack, take your pick. Spatial is a similar collaboration tool that allows teammates to converse and interact in AR/VR.
It may or may not be a substitute for in-person interactions, but at least solves for some of the challenges of brainstorming and ideating when we’re not all in the same “space”.
Why It’s Hot:
While it’s unclear how quickly these types of virtual interactions will begin to become commonplace, a company like Spatial signifies it’s coming. Not just for workplace interactions, but also social ones.
Addidas just announced “GMR” – a digital insole that connects to FIFA Mobile. So, when people play football in real life, it scores them points in the game.
Why It’s Hot:
Clearly at least part of the appeal of games like FIFA is to feel like you’re truly making moves and scoring. What’s even better is to be able to be the one making those moves and scoring, but getting digital points for it. It’s an interesting example of the digital transformation of physical things around us, especially with all the talk about e-Sports being a big part of sporting future.
Swiss airlines Edelweiss created the aptly named “Catch a Flight to Buenos Aires” AR game to raise awareness of its new direct flights from Zurich to Buenos Aires.
Users download the app, point it at flights in the air, and if they correctly find an Edelweiss flight traveling to Buenos Aires, they can win a free flight of their own (for two).
To make it a little simpler, the app shows a countdown to when each flight to Buenos Aires will depart, and users can opt-in for notifications when one is in the sky.
Why it’s hot:
While it still might be pretty niche to peg raising awareness of a new service to an AR game, it’s a much more interesting and engaging way to promote a product. Traditional advertising methods might work, but this actually lets people interact with something as opposed to just passively consuming a message. Plus, it’s another example of physical objects in the real world getting a digital layer, as well as becoming potential canvases for engagement. As everything physical becomes digital, it’s interesting to see the future of advertising emerging.
Apparently big music venues in Stockholm have had a rough past few years, with many closing. So, Clear Channel created “Stockholm Underground”, using this trend as an opportunity to direct focus back to Stockholm’s local scene. Basically, it turned 300 digital OOH units in Stockholm’s metro (underground) into real-time guides on where local, “underground” acts were playing each day.
“Instead of displaying ads on Clear Channel’s 300 digital screens, the ‘Stockholm Underground’ music guide, will run as a real-time guide to encourage commuters to take advantage of local shows and up-and-coming artists performing at smaller venues.
Drawn from a database of upcoming live shows aggregated from online sources such as websites, blogs and Facebook events, with up-and-coming bands and artists also able to add their shows to the database, the initiative will give even the smallest acts a chance to reach up to one million people.
The data will then be used to direct commuters to their nearest local music show in the hours before it is supposed to begin.”
Why it’s hot:
Ads that aren’t ads are my favorite kind of ads. It’s a bold move for Clear Channel to reallocate all of its ad space to help promote local artists. It’s a good example of what can happen when a brand asks how it’s contributing to the community around it – whether local, regional, national, or global. As summed up by head of Clear Channel Scandanavia, “We are a natural part of the urban space and have both the will, and the responsibility, to contribute to making cities dynamic. Stockholm Underground is another example of how we are committed to doing so.”
Sprite in Argentina is tackling young peoples’ anxieties in a new campaign that interestingly leapt from digital to TV. Sprite looked at top searches among Gen Z to determine the subjects causing them the most mental anguish. Then, it tapped influencers who had experienced those “issues” to lead conversations in sub-Reddits related to them.
Not only that, but it also created compelementary content for each “issue”, showing how many people also experience the same thing:
In their words, “the effort relies largely on a series of forums on Reddit, where young people who feel they are alone for a variety of reasons, such as they’re still virgins, they’re flat-chested, they feel like in the wrong body, can express their feelings. Each forum is led by an influencer who has experienced the respective topics. The idea stems from the insight that those in Generation Z feel there are certain subjects they can’t talk to others about.
To determine forum topics, Sprite worked with Google to pinpoint subjects young people frequently searched for. Sprite created an anthem film as well as digital banners to introduce the campaign.”
Why It’s Hot:
We can certainly debate whether this is the role a soft drink brand should play, but it’s nice to see that type of brand using its platform to not just sell sugar water.
Most interesting is their approach – tapping into search data, to inform a social campaign, led by micro-influencers, and introduced on TV. Great cross-channel integration not just for a campaign, but as a program or platform.
It’s also important to note they weren’t just looking at bubbled up/watered down search data. They sought out the real questions people were asking, even if it wasn’t 200 million searches per month. Showing that sometimes you need to find the hidden meaning lurking in your data.
Ok, not really, but it’s how the city is pitching itself in order to woo tech talent to move there.
Per TrendWatching – “Finnish capital Helsinki launched a lighthearted campaign called City as a Service in an attempt to attract new tech talent. A platform and video pitches the CaaS to viewers, explaining that Helsinki has ‘over 640,000 daily active users’ and boasts an ‘API’ that supports excellent healthcare and public transport. Meanwhile, the city’s Mayor – billed as the CEO – explains that the winter darkness and flat skyline are not technical bugs but ‘carefully considered features’. Visitors to the platform are encouraged to apply for a ‘free demo trip’; 15 people will be chosen for a free trip to Helsinki in November.”
And if you’re interested in the Freemium model, it boasts features like:
> Surprisingly ok beaches
> Drink the famous Finnish tap water
> Dip in a hole in ice
> Santa Claus lives only a 14h drive away
> Highest density of heavy metal bands in the world
Why It’s Hot:
Unexpected delivery is one of the best ways to catch attention. Marry that with the ability to demonstrate an understanding of the language and world of your target, and you can make magic that creates compelling connections. Whether or not it works, it shows Helsinki cares about the people it’s talking to, and respects them enough to go beyond the rational RTBs (although it has those too) to drive an extremely emotional decision of where to live.
Coke’s once again using its product not only as a marketing tool, but a way to bring people together. In South Africa, where there are 11 different residual languages post-Apartheid, Coke created the “phonetic can”. Now, sharing one doesn’t just mean potentially connecting with someone new, but someone new with a name perhaps derived from another cultural enclave. As they put it, “getting a person’s name right is the first step towards getting along together.”
As part of the campaign, they created gifs for social that would help people learn different sounds required for correct pronunciation, renamed local radio stations to peoples’ hard-to-pronounce monikers, and created OOH billboards featuring names that were likely culturally unfamiliar to the residents of the neighborhoods where they ran. Beyond advertising, South African soap operas “worked the idea into plot lines”, and teachers even used the phonetic cans “as lesson tools in classrooms.”
Why it’s hot:
The ultimate marketing combination is connection and utility. Not only is this a great extension of its global marketing efforts, it’s one that has an intensely human side and altruistic goal. It’s not superficial purpose marketing, or a meaningless stunty gesture. Whether or not you actually share a Coke with someone whose name you couldn’t pronounce without help, you would still learn how to pronounce those names and at the very least be that much more culturally savvy as a result.
Just as we were emerging from the US fast food Chicken Wars, another battle is now raging in the ongoing war between McDonald’s and Burger King. You probably remember the much-celebrated Whopper Detour of 2018. Well, Burger King Germany now brings you “Escape the Clown”. To coincide with the movie IT 2’s release, Burger King placed an ad in a movie magazine found in McDonald’s stores. People could scan the ad through the Burger King app to activate an AR experience leading to a coupon for a one-cent Whopper at a nearby BK. The coupon was only good for a finite amount of time, so customers would have to decide quickly.
Why it’s hot:
Sometimes you play nice, sometimes you can make a savage move. Placing an ad in a magazine at McDonald’s, and hijacking customers, when they’re literally at the point of sale, is about as savage as it gets in marketing. The fact they concealed it with AR is nice, but I’m not sure it was altogether necessary. And I’m not sure how anyone would know to look in the magazine and scan the ad before they would have already ordered a Big Mac. Either way, it’s certainly bold. Even if people don’t go to buy a Whopper, at least they could have had a brand experience that might affect their next fast-food dining decision. The kind of move that can leave an impression, and also land your app on someones phone (not to be lost here).
The chicken wars. If you thought they were over, think again. Refresher – Popeyes introduced a new chicken sandwich, it sold out nationwide in just two weeks, and left people craving its fried goodness. Realizing it clearly had grabbed a share of the attention economy, Popeyes didn’t just simply let things be. Instead, it is now urging people to “bring your own bun” and make a chicken sandwich out of three chicken tenders, if you can’t wait for it to reload its sandwich supply.
Why it’s hot:
When you have momentum, ride the wave. Popeyes itself even acknowledges this isn’t ideal, but at least it gives people an idea and a reason to still come into Popeyes, even if the item they wanted isn’t currently available.
Working with the Royal Botanic Gardens (the UK “authority on plant science”), Herbal Essences recently created “billboards” featuring leaves you could pull off, that contained wildflower seeds you could plant at home. The idea was to grow more wildflowers to nurture London’s endangered butterfly community, since butterflies are “major pollinators”, like bees.
Why it’s hot:
It’s such a simple way to build meaningful relationships. Going beyond just being an ad, it gives something tangible to each person, with an end benefit that helps all Londoners (and really the world) at large. And it’s something anyone passing by can experience, giving it the kind of real-world effect few “ads” ever truly have.
Dating app Hinge recently released its first brand campaign, based upon a simple premise that’s simply delightful. It’s pitching itself as “the dating app designed to be deleted”…since, you know, the whole point is to find someone you like enough to not spend any more time on dating apps.
Why It’s Hot:
While it’s somewhat shocking that no other dating app has ever taken this tack, it’s a smart move for a relatively new brand on the scene. Leveraging its novelty, breaking from category convention is no doubt one way to stand out.
Voice shopping is increasingly becoming mainstream – by next year, it will eclipse $40 billion. And when shopping using Alexa, 85% of people go with its recommendation for products. So, Honey Nut Cheerios used Amazon Prime day to become the #1 cereal brand on Amazon, and the “cereal” default for millions of customers (80% of whom were new to the brand). They offered free Honey Nut Cheerios to anyone who spent over $40 on Amazon Pantry (as well as a $10 discount on their cart), automatically making Honey Nut Cheerios part of peoples’ order history, thus making them the default for those people who might say “order cereal” in the future.
Why it’s hot:
1) It’s hot: Honey Nut Cheerios is getting in on the ground floor. Before voice shopping truly becomes commonplace behavior, they’re powerfully establishing themselves as the default choice and #1 grocery item on Amazon Pantry.
2) It’s not: It feels a bit too aggressive. People choosing Honey Nut Cheerios when they were offered for free (with a $10 cart discount to boot) doesn’t mean they want them in the future. Should brands be placing themselves not just in the consideration set (as a recommendation), but solidifying themselves as the default for transacting?
It’s a behavior as old as the internet itself. Or at least as old as WebMD. People Googling symptoms and self-diagnosing themselves. Turns out that unsurprisingly, this is a worldwide phenomenon, and in Romania, 73% of people were doing it. So, to show Romanians they needed to SEE A DOCTOR ALREADY(!!!!!!!!!!1111), the private healthcare provider Regina Maria put Doctor Google to the test, literally. They gave it the same residency exam wannabe Romanian doctors have to pass in order to become certified. In no surprise to anyone, a prominent Romanian journalist Googling answers to the questions got a dismal 36 out of 200 correct – an 18% score.
According to the brand, “Regina Maria also made the test public for the rest of the country to take for themselves online. Those who didn’t pass were presented with a certificate of failure that could be used as a voucher within Regina Maria’s clinics.
To promote the Internet Residency Exam, Regina Maria created Google ads based on the most common symptoms people searched online and encouraged people to ask a real doctor instead.”
Why it’s Hot:
Instead of simply telling people Google isn’t good at helping you fix yourself, it dimensionalized just how poorly it does the job. One might intuitively accept that self-diagnosing and treating based on a Google search isn’t the best approach, but it’s a whole other thing to see how the knowledge you can glean from it compares with the knowledge of a doctor. Showing, not telling, is the most powerful way to make a point and change behavior.
In Japan, 79% of people associate the word for skin tone (“hada-iro”) with just one color. Mixed race children can often feel alienated for looking different. So Japanese cosmetics brand Shiseido did something to show Japan’s youth that everyone is different but equal. It created a special box of crayons by “scanning a group of schoolchildren’s skin in order to create their unique hada-iro profile…and creating crayons that matched the children’s individual skin tones.”
Why it’s hot:
Besides making a beautiful point, Shiseido did it without having to say a word. By simply seeing all the different shades of skin after their faces were scanned, kids would immediately see that there is no “one true color”, and in fact, they were all different. Proving once again that showing, not telling, is an even more powerful way to convey a message.
Being young is about searching – for who you are, what you want to do with your life, even simply what to do tomorrow. Hooking into this, Coca-Cola in Israel created “The Search of a Lifetime”. Using the top searches among young Israelis, they created targeted content to answer the life-defining questions they were asking around work, school, travel, etc. What’s more, they predicted and created content addressing what would likely be peoples’ next questions after answering the initial query. Ultimately, helping them find the answers, to make the decisions that would make them happy.
First, not enough brands use search to create meaningful connections with people. It’s a direct way to help them by answering the questions you know they’re asking. Second, more brands should be thinking beyond the initial interaction. Coke could have just answered the first question and moved on. Instead, they endeavored to understand how a young person would fully explore these topics, and made sure they completed the conversation.
This week, notorious mixed reality company Magic Leap announced a new NBA “app” built on its platform.
Per Magic Leap, “Using Magic Leap’s Screens framework, fans can pull up multiple virtual screens to watch live games, full game replays, and highlights playing all at the same time. Only on Magic Leap’s spatial computing platform can these screens be independently scaled to any size and placed in any location. But the really cool stuff? The NBA App on Magic Leap introduces team -vs- team and player -vs- player season-long table top stats comparisons. And while live games are exclusively available for NBA League Pass and NBA Single-Game subscribers, a massive catalog of on-demand content is free for anyone using Magic Leap One.”
Why it’s hot:
Any new platform’s success ultimately depends on people using it. And in order to be useful, it must offer utility. It seems Magic Leap is starting to get into the first of what it believes to be many applications of adding mixed reality layers to our physical world. For several years, they had talked about the device which would enable this. Now, they’ve finally turned to the platform on which to develop experiences. Could this be what the app store was to smart phones? Only time will tell, but it will be exciting to see how Magic Leap and its brand partners develop new ways to experience content and the world with an added immersive layer.
Who doesn’t love Dorito’s? Nacho, Cool Ranch, Flamin’ Hot, whatever you fancy, they’re a classic and delicious snack. But for as long as they have existed, eating them has come at a price – Dorito’s fingers, the unshakeable film of Dorito’s dust that ends up all over everything you touch unless you clean your hands after each chip.
But your clothes, furniture, pets, and gaming controllers no longer have to live in fear, for the Dorito’s Towel Bag is here, giving Dorito’s lovers a way to clean their hands while eating their favorite snack.
Why it’s hot
It’s a beautiful example of a brand embracing its essence, while improving its experience. Dorito’s dust is part of what makes Dorito’s the chip they are. But instead of eliminating it and changing the product, they created a new one to embrace their product’s dark side.
When you’re waiting for a flight at the airport, you’ve usually got some time to kill. Some people watch Netflix on their phones, some have a drink at the bar, but KLM has come up with another constructive way to capitalize on these moments.
They’ve developed a “bar” currently at airports in Amsterdam, Oslo, and Rio de Janeiro where people can connect with others in the country they’re off to visit to gather tips on local customs, culture, and sights.
Dubbed “Take Off Tips”, here’s how it works:
“KLM is matching travelers up with people at the destination they’re flying to. For example, someone at Schiphol Airport who is about to fly to Norway will be connected with someone at Oslo’s Gardermoen airport who is waiting to board a plane to Amsterdam. To connect the people on opposite sites of the world, the bar is equipped with hologram technology so it can project a real-time virtual image of the traveler at the other airport.”
Why It’s Hot:
From a brand perspective, it’s a great new example of KLM “social airline” experience – connecting people to enhance their otherwise impersonal flying experience (see “Layover with a Local” and “Meet&Seat”.
From an experience perspective, it’s a brilliant solution to a common problem – our current main recourse to get the same tips would be Googling, dredging Trip Advisor, etc. – secondary resources to gain a first-person perspective. Plus, it removes quite a bit of work involved in that process.
From a cultural perspective, it’s getting us off our screens and in touch with each other. Increasingly, the promise of technology is not going to be “there’s an app for that”. As digital infiltrates the physical world, technology is facilitating more human-friendly interactions, such as sitting down at a booth and being projected holographically so that it’s just a face-to-face meeting, no devices needed.
Now, people can use their smart speaker to access:
> A daily flash briefing read by journalist Michael Barbaro
> Hear about the travels of Sebastian Modak with “52 places to go”
> Get a weekly music roundup from music editor Caryn Ganz
> Get book recommendations from Times book critics
> Play a weekly “New York Times Quiz” testing their knowledge of recent news
Why it’s hot:
It may not feel a massive innovation, but it’s a savvy move for the Times in a world where people are increasingly eschewing websites. No longer is it enough to build destinations, we have to think about how our brands can be present where people need them, when they need them.
When Salvador Dali once said, “If someday I may die…I hope the people…will say, ‘Dali has died, but not entirely”, I’m not sure he knew how right he was. Using AI, his namesake museum in St. Petersburg, Florida has now “resurrected” Dali to welcome visitors, and provide commentary on his works as you move throughout the institution.
According to the museum, they did it by “pulling content from millions of frames of interviews with the artist and overlaying it onto an actor’s face–a digital mask, of sorts, that allowed the actor to appear as Dali whatever expression he made.” It also “cast another actor from Barcelona to ensure that the voice matched the countenance.”
Why it’s hot:
There’s no better experience if you want to learn about an individual and his/her art than to hear about it directly from that person. Especially when they’re as dynamic and memorable as Salvador Dali. Unfortunately, most individuals famous enough to have their own museum likely aren’t on hand to do that in person. Having a virtual Dali guide you through his works seems a perfect way to experience his brilliance as both an artist, and a human being.
In a world that’s exploded with media channels, we have many ways to tell or experience a story in 2019. Even many immersive ways. But a new app called unrd has added a fresh one to the mix.
The app allows you to choose from a number of characters, and instead of just reading a story, or watching a video or film, your phone essentially becomes that characters phone, and you experience their story as if it was happening to you.
Per its website, unrd bills itself as “real-time fiction”, and claims it allows you to “live someone else’s life and receive messages, videos, photos and audio messages – and even watch them LIVE on video.”
Why it’s hot:
In a way, we’re all already “experiencing” each others lives through social media and other messages on our phones. But while our friends lives might or might not be interesting, it’s nothing like “becoming” one of them in a crazy situation, such as “You have the phone of a missing girl. Amy Morris disappears after a night out with friends.Over 7 days receive texts, photos and video messages and discover the truth behind her disappearance.” It’s interesting how unrd has not only built a new storytelling platform, but also one that seemingly builds off our proclivity for following other peoples “stories” on our phones.
Just a few weeks ago, Barclay’s became the first big bank to give its customers unexpected control over their spending. Via Barclay’s app, you can now “switch off” your debit card so that it can’t be used for five specific types of purchases – gambling, “premium-rate websites and phone lines”, restaurants/pubs/bars, gas, and groceries. Once a type of purchase is switched off, any transaction you try with your card at the relevant type of retailer or business will be automatically declined. The idea is to try and help people manage their spending impulses, and is aimed particularly at those with mental health issues or addictions. But, it can also be used to protect yourself from others trying to make fraudulent charges, if you’re worried about that. Barclay’s says it will do the same for credit cards in the near future.
Why It’s Hot:
It’s a bold move for a bank to offer its customers a way to not spend their own money, but it’s clearly aimed at helping people. Unexpected, and a great example of putting people over profits and thinking about the customer experience beyond just transacting with the bank itself. It’s only a halfway house, given that the feature is completely within each person’s control. But even the cue of having your card declined and having to go into the app to turn whatever type of purchase back on would likely make someone who can’t help themselves think twice.
Research late last year revealed that sources quoted in Financial Times articles were ~80% men, and only ~20% women. To fix this, FT recently revealed a new bot aimed at balancing those numbers, calling it “She Said, He Said”.
According to its press release, “She Said, He Said” “uses pronouns and first names [in an article] to determine whether a source is male or a female”, then it will “integrate prompts into the CMS to highlight any gender imbalance prior to publication and remind editors to think about sourcing at the commissioning stage”.
This follows FT’s previously revealed “JanetBot”, which “tracks the number of women featured in images on the home page”, giving real-time feedback to editors as they change what’s featured over the course of each day. It’s all part of a greater strategy FT is using to try and balance its appeal among both genders.
Why It’s Hot
There’s obviously plenty of room for technology to surface bias in news reporting, and it’s great to see one of the world’s most prominent daily outlets using it to do just that. It’s another example of how technology can help us see things we otherwise might not, and allow us to correct it – effectively balancing our human capabilities.
There isn’t much to say about this video that it doesn’t say for itself, but each year, Google analyzes what terms spiked that year vs. the previous year, and compiles all the moments/people/content/etc. related to those things into two minutes that help us reflect on the 12 months we just experienced.
This year, Google trends determined that people searched for “good” more than anything else.
Why It’s Hot:
From a human standpoint, it’s an important reminder that in a year with many downs, it was the ups we sought out most. But from a marketing standpoint, it’s a great example of transforming data into emotional storytelling. Data isn’t just numbers, it’s a story waiting to be told.
Judging by this product created by Australian retailer Myer, Aussie parents’ behavior might not be under the same microscope that American parents’ behavior is.
Nevertheless, the store created a connected ornament that changes color based on how “naughty” or “nice” the children in the home are being leading up to Christmas.
According to Myer, “The bauble pairs up with an app, so parents can change the colour to coerce their kids into good behaviour, or be faced with a stocking full of coal.”
The retailer is even taking a page from Spotify’s book, and using the “data” to power billboards around Australia showing how “naughty” or “nice” children in different areas are:
Why it’s hot:
I’m not sure it is. Technologically, it’s an interesting idea to create a bluetooth powered product symbolizing what will hopefully be a happy holiday for each child. But, while it would be magical for an unknowing children to see “proof” they’re being “nice”, and therefore they’re headed for the rewards they want this holiday, the opposite seems like it could be a bit extreme.
Anyone who’s on Instagram has undoubtedly come across a photo and wondered – “where is that, and how do I get there”? Probably on a daily basis. Thanks to easyJet’s new app feature, now you can find out, and book a flight there in a couple of taps.
According to the company – “Simply take a screenshot of a European destination you like the look of and upload it to Look&Book in our app. We’ll then tell you where it is and which flights will get you there.”
Why it’s hot:
While it’s a great example of turning a ubiquitous behavior into a simple utility, more importantly, it’s another signal that image recognition technology is about to become commonplace.
Ordering in “zero taps”, ordering by tweet or text, ordering by voice assistant, now Domino’s has a new way to get your favorite order in a dangerously easy manner. “If this then Domino’s” is exactly what it sounds like. In collaboration with IFTTT, you can define moments when you might want Domino’s, and when those things happen, you can get a text asking to confirm if you want to order.
Why it’s hot:
Perhaps you’re not a fan of the food, but it’s interesting to see how Domino’s is using connected technology to prompt people to think of occasions when they might want a pizza. In an effort to expand the times when people order Domino’s, it’s just making it super easy and automated to have the option.
Via AdAge – “The brand’s statement claims that BK “decided to use high-end computing resources and big data to train an artificial neural network with advanced pattern recognition capabilities by analyzing thousands of fast-food commercials and competitive reports from industry research.” Burger King goes so far as to say that more than 300 commercials were created and tested in focus groups and says the ads will be the first ones created by an A.I. to air on national TV.”
But in reality, Burger King says it’s actually work done by real creatives, mocking the excitement around technology like AI.
According to BK, “we need to avoid getting lost in the sea of technology innovation and buzzwords and forget what really matters. And that’s the idea,” Marcelo Pascoa, Burger King’s global head of brand marketing, tells Ad Age in an emailed statement complete with the word “idea” in all caps. “Artificial intelligence is not a substitute for a great creative idea coming from a real person.”
Why it’s hot:
Is Burger King right here?
The spots they have created feel they could have been generated by even some primitive artificial intelligence. Japan’s “AI Creative Director” was more than a year ago, and its work was actually not far off from what you’d expect from a real creative. There seems to be a point missing here that AI is not meant to replace people, but to help people. Attempting to make a joke about the enthusiasm around technology, it seems Burger King might have actually shown us a glimpse at advertising’s future.
It seems solving the pain points of delayed air travelers has become one of 2018’s hottest challenges. The latest brand to take it on is insurance brand AXA, via “fizzy”, it’s smart travel insurance.
Here’s how it works – “AXA’s blockchain-powered insurance plan, called Fizzy, covers travelers for delays of up to two hours or more. When customers purchase insurance using Fizzy, all details and contract agreements are recorded publicly, on the Ethereum blockchain. The contracts, which are connected to global air traffic monitoring databases, automatically trigger compensation payouts when a delay of more than two hours is recorded.”
In otherwords, you get paid (automatically) when you get delayed.
Why it’s hot:
First, it’s one of the most simple and practical, yet smart uses of blockchain and smart contracts we’ve seen yet. There’s plenty of chatter about the potential of blockchain, but considerably fewer actual things consumers can currently do that are blockchain enabled.
One of the biggest headaches with insurance can be having to make claims and waiting to be compensated. fizzy automatically knows when you should be compensated and does so “by the time your flight lands”. So, a matter of hours instead of days.