Kevinsured Insures Items Bought on Sharing Economy Sites

By: Joey Haar - Feb 16, 2017
References: kevinsured & thenextweb
Despite the popularity of sharing economy websites like Craigslist, Kevinsured is a chatbot devoted to ameliorating a negative experience that all too many people have had when purchasing things through the site. The Facebook Messenger chatbot can provide guaranteed insurance on transactions through the blockchain, using that new and impressive financial technology to keep transactions safe and secure.

As opposed to other insurance systems, which require some sort of premium payment, Kevinsured is completely free for all transactions under $100. The chatbot is able to offer such an insurance policy thanks to the blockchain. The blockchain is a distributed computer ledger that tracks transactions. If both parties are trusted on the blockchain, Kevinsured will let its user know, and they can conduct their transaction confidently.