Etherisc Decentralized Insurance Protocol o Release an Open-source Version of GIF

Etherisc has stated that they will soon release an open-source version of the Generic Insurance Framework (GIF).

GIF is a key component of the Etherisc protocol that provides utility services and acts as a base for the deployment and execution of smart contracts. Its objective is to provide resources to developers for the development of DApps for the insurance sector.

So far, Etherisc has published the first part of GIF on GitHub, with the remainder being scheduled for release later this week. Later on, Etherisc will make GIF available on the testnet blockchain.

The GIF will be distributed using one of the world’s leading open-source licenses, Apache 2.0. This license enables users to modify the GIF code and add other more functionalities and later redistribute under a different license.

Although developers can sell their modified source codes, they are required to attach a notice that shows all the modifications.

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