The worst time to deal with bureaucracy is when something has gone wrong. In the Foundation Federation, many insurance interactions are replaced by autonomous parametric triggers — events that are verifiable on-chain — which automatically activate pre-agreed payouts.
How It Works
Step 01 — Policy
The PACT Standing SOW
Mika's travel insurance is a PACT Standing SOW: defined trigger events, pre-agreed payout amounts, and a Midnight-anchored payment commitment from the insurer.
Step 02 — Trigger
The Verified Fact
Foundation-ANA emits a flight cancellation event packet. The packet is Midnight-anchored. It is a verified fact, not a disputed claim. No adjuster required.
Step 03 — Payout
Automatic Settlement
Trigger conditions met. HTTP 402 fires in reverse. The insurer's agent pays Mika's Digital Twin's wallet automatically. Notification sent. No claim form. No waiting.
Midnight Anchor
The trigger is a verified fact. The payout is a pre-agreed commitment.
The policy, the trigger, and the settlement are all Midnight-anchored.
Gaming the system is made harder by the immutability of the chain.