Country: UKSafeshare
Year: 2013

Concept

  • By providing extensive insurance coverage for users and providers of sharing economy startups, SafeShare’s insurance covers third parties who often do not have access to traditional insurance
  • Targeting B2B and B2B2C customers, SafeShare partners with sharing economy businesses to offer providers and their users real-time insurance solutions
  • SafeShare’s solution uses Bitcoin’s underlying blockchain technology to confirm counter-party obligations which facilitates the delivery of a flexible and a responsive product to users
  • The company works with Slock.it and Vrumi (an office space sharing startup), to which they offer different types of insurance to domestic staff such as public liability, buildings, contents or accident
  • SafeShare and Solfyre (a cyber security platform) created a partnership to develop the world’s first identity theft and identity fraud insurance solution

Consumer Benefits

  • Reliable: blockchain technology is designed to be secure by default as it stores important cryptocurrency transaction data
  • Inexpensive: personalized to fit the need of its customers, their prices are generally lower than traditional insurance
  • Real-time solution: thanks to blockchain technology, SafeShare works in real-time

How To Use

  • The company makes partnerships with different sharing economy platforms and through the platform users can add the insurance
  • No more information disclosed

Illustration

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