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Topic: [2016-07-14] news.bitcoin.com-Meet LenderBot: Stratumn & Deloitte’s ... (Read 295 times)

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Meet LenderBot: Stratumn & Deloitte’s Blockchain Insurance Bot

Stratumn was founded by Sebastien Couture, Francois Dorleans, Stephan Florquin, and Richard Caetano in 2015, providing tools to create a trusted workflow without the need for third-parties — other than the Bitcoin blockchain.

Back in March, the company raised $670,000 USD from businesses such as Otium Venture and individuals like Ledger Wallet CEO Eric Larchevêque.

LenderBot allows users to establish the Bitcoin blockchain as the trusted third-party in a loan contract. High-value items can be insured with the bot, such as laptops, cameras, mobile phones and tablets. Users append signed information to the process, which in turn links the items lent cryptographically with timestamps from the blockchain, providing guaranteed immutability. The concept also provides better transparency due to the public nature of the Bitcoin blockchain.

READ MORE >>> https://news.bitcoin.com/stratumn-deloitte-blockchain-bot/
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