Blockchain Insurance Start-Up SafeShare Launches First Blockchain Insurance Solution with Vrumi

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Vrumi, the Airbnb of shared workspace  have partnered with SafeShare Global, a Blockchain-fueled insurance startup focused to rollout the first fully integrated insurance product to give home owners solid insurance,  underwritten by Lloyd’s of London.

The insurance product employs Blockchain technology created by Z/Yen Group to confirm counter-party obligations which facilitates the delivery of a flexible and a responsive product to customers at a reasonable price.

In an interview at Business Comparison, Roddy Campbell, Vrumi’s co-founder notes:

“Insurance is the biggest practical problem we face, not that it is insoluble but the insurance industry is not set up for us so it will take time to develop a suite of products we can provide to Hosts who cannot get appropriate cover through their existing insurers. (My house insurer provides liability cover to anyone I invite in, but restricts theft and damage).”

The new service will give  hosts the opportunity to ‘opt in’ to cover, giving comfort without breaking the bank and with a 24-hour claim service hotline, this insurance will help increase confidence in generating extra income for UK home owners. The underlying replicated authoritative immutable ledger ensures a trusted record of insured parties is maintained.

Alex Steinart, SafeShare Global Co-Founder states:

“Insurance for the sharing economy needs to be flexible and responsive to customer needs. Our distributed ledger approach, developed by Z/Yen Group, offers the opportunity to coordinate the provision of products between counter-parties in near real-time and to radically cut the cost of this coordination.”

Professor Michael Mainelli, Executive Chairman of Z/Yen, continues:

“Z/Yen’s woven broadcast technology delivers SafeShare’s insurance solution an undisputable record of the insured through a distributed network of proof. Built on MetroGnomo, encrypted copies of the distributed ledger are held by all parties, such as the States of Alderney who are providing oversight of MetroGnomo’s integrity.”

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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