Have we hit peak #blockchain #insuretech? kevinsured.com is an "open blockchain balance sheet that provides micro-insurance for people carrying out P2P transactions" - with a happy ending.. watch the promo video - it's mad
Users who agree a deal on such a site visit a dedicated Kevin website and chat with the bot, which asks for details of the transaction and then sends a unique link which the user shares with their counterparty. Kevin then checks to see if the reputations of both parties are good. If they are, it creates a transaction on blockchain to timestamp that they have agreed to the deal. The bot then automatically buys $10 worth of bitcoin. If the transaction ends well, Kevin sells $10 worth of bitcoin but if it does not and a payout is needed, $100 is added to the open balance sheet.