NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days

SafeShare Insurance over Blockchain for Shared Economy Businesses

Gautham
Gautham
5 years ago
2 mins read
safeshare

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Blockchain technology is designed to be secure by default as it stores important cryptocurrency transaction data. The information stored on blockchain is responsible for the execution of transactions and prevention of double spending. The bitcoin blockchain is built around the SHA-256 cryptographic function to secure data.

The open source nature of bitcoin technology has facilitated its adoption in sectors other than mainstream cryptocurrency. It is being used to store information other than transactions. It can be used to create irrefutable records with verifiable time stamps, which is a very important requirement for the industries and companies involved directly or indirectly in finance. Insurance is one of the industries that can benefit a lot from blockchain technology.

Insurance products have not seen many transformations since the olden days, but with the increasing usage of technology among people, the need for insurance is constantly changing. Businesses are coming up with a variety of tech-driven products and services which were never heard of in the last decade. These new-age companies are denied insurance cover for some of their products as they do not conform to the existing (outdated) insurance products. It is time for the insurance providers to adapt to the existing market and offer services relevant to the current needs instead of trying to sell the old products.

As the insurance sector works on coming up with new, workable insurance products, the use of blockchain technology has not been overlooked. An insurance company, SafeShare has recently announced their new product- a blockchain based insurance solution for the sharing economy.

SafeShare for Shared Economy

SafeShare is a new-age insurance solutions provider based out of London, England. It is part of Cornerstone Insurance Brokers Limited. SafeShare specializes in insurance solutions for the new-age startups which are based on sharing economy. We all know about the popularity of applications like Airbnb and Uber. They are all based on the sharing economy where individuals offer services in a personal capacity, facilitated by an application or a platform.

These businesses (if you can call it) require real-time insurance coverage as and when a new client shows up and the blockchain based insurance solution being offered by SafeShare does just that. According to Alex Steinart, the blockchain technology used by SafeShare is created by Z/Yen Group using MetroGnomo open source timestamping service. It helps the company offer its insurance products to customers in real-time while maintaining a history of insured transactions.

The insurance solution offered by SafeShare over blockchain is underwritten by Lloyd’s with a 24 hours’ claims hotline. Apart from offering real-time, convenient insurance solutions, the help of bitcoin technology will also help insurance companies keep their costs low.

Vrumi, an office space sharing startup that allows people will extra rooms to share the space with those looking for an office space is currently working with SafeShare to implement the company’s blockchain based insurance offering for its customers.

Blockchain technology is helping the industries get up to speed with the technology sector, allowing them to take advantage of the new market needs and it will continue to do so.

Ref:L'USINEDIGITALE
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum OI Jumps +8.2% As Traders Chase The Pump: Leverage Fueling ETH Again

Ethereum OI Jumps +8.2% As Traders Chase The Pump: Leverage Fueling ETH Again

Ethereum is showing early signs of recovery after a dramatic sell-off on Friday that sent prices plunging to $3,450. The...

Sebastian Villafuerte 3 hours ago
mantle mnt mntusd

Mantle (MNT) Hits New All-Time High After 35% Daily Jump, Can Momentum Push Beyond $3?

Mantle (MNT) has reignited its bullish momentum, surging 30% in the past 24 hours to reclaim the $2.20 level after...

James Halver 4 hours ago
WazirX

After $234M Hack, WazirX Gets Court Approval For Major Rebuild

Singapore’s High Court has given the green light to a restructuring plan for crypto exchange WazirX, clearing a major obstacle...

Christian Encila 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin On-Chain Activity Slumps Below 365-Day Average – Is Momentum Losing Steam?

Ash Tiwari 15 minutes ago
ai-perspective-crypto-post-crash-outlook-mainstream-price-forecasts-and-rising-meme-coins

AI視角下加密貨幣災後新局勢:從關鍵主流幣價格預測到新興迷因幣崛起

Mark Mak 1 hour ago

加密市場回升至4萬億美元 Wall Street Pepe空投或引爆下一波迷因幣行情

newsbtc 3 hours ago

Premium Sponsors

Press Releases

  • Top 3 Kryptowaluty na 2025 rok: Celem przewyższenie Dogecoina i Shiba Inu

    Top 3 Kryptowaluty na 2025 rok: Celem przewyższenie...

    11 hours ago
  • Топ избори на DeepSeek AI за алткойни...

    11 hours ago
  • Top výbery altcoinov DeepSeek AI pre rok 2025: Bitcoin Hyper, MaxiDoge a Pepenode

    Top výbery altcoinov DeepSeek AI pre rok 2025: Bitcoin...

    11 hours ago
  • DeepSeek AI-ovi top altcoin odabiri za 2025.: Bitcoin Hyper, MaxiDoge i Pepenode

    DeepSeek AI-ovi top altcoin odabiri za 2025.: Bitcoin...

    12 hours ago
  • A DeepSeek AI 2025-ös top altcoin-választásai: Bitcoin Hyper, MaxiDoge és Pepenode

    A DeepSeek AI 2025-ös top altcoin-választásai: Bitcoin...

    13 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.