SafeShare offers blockchain-based real-time insurance for Uber-like services

SafeShare is a new insurance solution provider in London, UK, affiliated to Cornerstone Insurance Brokers Limited. SafeShare specializes in new startups based on the "sharing economy" and provides them with real-time insurance solutions based on blockchain. For example, Airbnb's "couch surfing" food and accommodation sharing service and Uber's taxi service are popular all over the world. They are all based on the sharing economy, where individuals use applications or platforms as individuals to facilitate each other's services.

SafeShare sees the need for real-time insurance in such businesses. According to Alex Steinart, the blockchain technology used by SafeShare was created by the Z/Yen Group using the MetroGnomo open source timestamp service to preserve the history of insurance transactions while providing customers with real-time insurance products.

The blockchain insurance solution provided by SafeShare is underwritten by British insurance giant Lloyd's, which has opened a 24-hour claims hotline. In addition to providing real-time and convenient insurance solutions, blockchain technology also helps insurance companies reduce costs.

Vrumi, a startup similar to Airbnb that lets people share their spare rooms with those looking for office space, is partnering with SafeShare to add SafeShare’s blockchain insurance service to provide real-time insurance services to its customers.

Original article: http://www.newsbtc.com/2016/03/19/safeshare-insurance-on-blockchain/
Author: Gautham
Translator: printemps
Editor: printemps
Source (translation): Babbitt Information (http://www.8btc.com/safeshare-blockchain‎)