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Topic: [2016-07-14] LenderBot by Deloitte and Stratumn to bring insurance.............. (Read 291 times)

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LenderBot by Deloitte and Stratumn to bring insurance to the sharing economy using bitcoin’s blockchain
LenderBot is a proof-of-concept micro-insurance platform that uses the bitcoin blockchain for insuring all sorts of things. Most notably, products and services in the sharing economy, such as AirBnB stays and Uber rides.

Professional services firm Deloitte, Blockchain technology startup Stratumn, and next-generation insurance platform LemonWay have come together to demonstrate the potential of several new applications and services that use the blockchain, all aimed at the insurance market.

Micro-insurance could be added to purchases, rentals, and service contracts through a variety of methods, such as while texting, using a smartphone app, or during a shopping cart checkout process. All of these could allow for simple options to be agreed upon by multiple parties, with the output recorded on the bitcoin blockchain for immutability and easy access.

http://bravenewcoin.com/news/lenderbot-by-deloitte-and-stratumn-to-bring-insurance-to-the-sharing-economy-using-bitcoins-blockchain/
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