In our previous article featuring the Broker for Blockchain, we introduced the problems that VAIOT’s solution aims to solve, and we expanded further on what the project entails and how the Broker will be rolled out.
Shortly recapped, VAIOT’s Broker for Blockchain is aimed at the cryptocurrency community and brings an omnichannel approach to securing assets and assuring the financial safety of our clients while finding the best and most affordable crypto-insurance for them.
Today, we will be discussing the benefits of using the Broker for Blockchain, and additionally, we will be illustrating the potential use cases.
The Benefits of The Broker for Blockchain
The Broker for Blockchain platform is powered by advanced Artificial Intelligence technology, focused completely on making insurance purchases easier, saving personal preferences, and delivering the best user experience. All while keeping your data safely secured through blockchain technology. Secondly, the Broker AI Assistant analyzes the best options and gives you advice and recommendations based on the found results. What’s important to note, is that the AI isn’t influenced by promotion, making it completely unbiased in its delivery of recommendations.
The platform also lets you compare the price of insurance and gives a complete and extensive overview of the crypto insurance market. Furthermore, the AI continuously conducts chain analysis, warning you about potential vulnerabilities in your portfolio so you can be ahead of the curve and insure assets. Next, you will always be up to date on the latest crypto-insurance offers, and you own all contracts, agreements, and transactions, the user.
Now, you might wonder: “why would I use VAIOT’s Broker for Blockchain if I can also just go to a traditional crypto broker?”.
VAIOT’s Broker for Blockchain finds the best offer for you and provides the possibility for instant claims and help with claims, as well as functions as an intermediary for your claims. All of this saves you a lot of time and money when it comes to determining the best option for you. Additionally, thanks to the VAIOT Payback Bonus, we ensure that you will receive the best possible price.
Lastly, the agreement will be saved on the blockchain via an ehnanced version of a smart contract (VAIOT’s Intelligent Contracts), but you will receive an additional paper-like agreement for extra security.
What You Can Do with the Broker for Blockchain
Once implemented, the Broker for Blockchain will be an advanced, user-experience friendly, voice-controlled platform for the aggregation of insurances for many different use cases, offering many insurance providers and options.
Use Case 1:
A crypto enthusiast has realized that they have $50,000 invested into crypto over the last calendar year. They have been enjoying the benefits of an increase in their portfolio value but have not pulled out any returns yet. Due to recent market conditions, they are afraid that their portfolio will lose all value. The user pulls out their phone and opens the VAIOT application. They voice their concerns and VAIOT’s Assistant has a short conversation with them. After assessing that they are searching for insurance against market volatility, VAIOT finds them portfolio insurance against market declines. The user can now select the insurance that best fits their portfolio and conclude the agreement with VAIOT’s Assistant directly through the VAIOT Application.
Use Case 2:
A crypto investor has decided to move some of their long-term holdings from their Metamask wallet onto a lesser-known exchange to access a token they were eyeing. Uneasy about the idea of putting their funds into an exchange they didn’t fully trust, they wanted to look for coverage against an exchange hack. On top of this, they wanted to get protection for their wallet as well. Unfortunately, after looking at several DeFi insurance platforms, none of them offered full coverage for what he needed. He is told about the VAIOT app and begins a conversation with The Broker Genie. The Broker quickly sources policies for wallet protection from several providers and protection against exchange hacks from another provider. The user now has a completely customized policy with offers from multiple platforms to fulfill their needs.
Use Case 3:
A user has just experienced a breach of their wallet. All their funds have been lost. Distressed, the user realizes that they must make a claim. The last time they attempted to make a claim directly through a crypto-insurance provider, the process was long and unfriendly. They chose VAIOT because they heard that everything could be done through a friendly virtual assistant. They begin a conversation with VAIOT’s Broker about making a claim. After a short conversation, VAIOT’s advanced AI has determined that the claim will be approved. The user’s claim is resolved instantly. The user is shocked at the fact that their claim was resolved with one simple conversation.
