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Platform for handling peer-to-peer fraud with blockchain

in 2019, developers from Kuverit intend to release their own products with maximum capabilities. Already in January, the team will go to the blockchain development forum, two months later it is planned to start developing P2P applications. Then start negotiations with the exchange about registering the KUV TBD tokens. A committee will be formed in March, and a beta test for the P2P application will take place in July.
Furthermore, an insurance company will be established in Malta, a marketing campaign will be launched and a head office in London will be created, which will maximize the number of customers.

Kuverit is an innovative solution from the project developer under consideration, which combines peer-to-peer networks and blockchain technology into a single entity. Such integrated systems will contribute to eradicating fraud between two people who are interested in gaining mutual benefits.

You need to know that fraud & defect insurance products are a global problem that often happens now, and the Kuverit application offers solutions to overcome these global problems. Because the Kuverit platform refused to be lined with rings leading to the crypto room, while 7 billion people waited.

So, with global fraud reaching 3 trillion pounds per year, what is a feasible solution? The following are some of the solutions:

Global fraud is reaching epidemic levels with annual economic prices of more than £ 3.2 trillion. The UK economy alone loses more than £ 110 billion to fraudsters every year. Fraud professionals urge organizations to focus their resources more on fraud prevention, estimating that doing so can add £ 44 billion annually to the British economy.

Kuverit’s main innovative solution will be to combine peer to peer guarantee trading, designed to eradicate peer to peer fraud, with the first fully independent blockchain insurance company in the world, designed to protect everything for everyone, everywhere.

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The P2P Kuverit application will provide anyone, wherever the opportunity to have their transaction guaranteed, while also providing a new revenue model through a fully transparent fee structure. This guarantee system can be used in any situation where transactions between two parties depend on trust or involve risk. Someone who takes care of someone, can use this application to show professionalism and increase their trust.

Kuverit P2P application

Available immediately on iPhone and Android, the Kuverit P2P application will give anyone, anywhere the opportunity to have their transaction guaranteed, while also providing a new revenue model through a fully transparent fee structure.

For clients

The client will be able to request support from the Guarantor on the application by only providing details regarding the nature of the contract and the amount of coverage required. Kuverit will not facilitate the installation of the Client to the Guarantor, but this request will go out to the open market where the Guarantor can carry out its own due diligence and decide whether they want to support the client.

This guarantee system can be used in any situation where transactions between two parties depend on trust. Someone who takes care of a service to foreigners, for example, can use the application to show their professional reputation or provide the level of additional certainty needed to encourage an agreement.

To take advantage of the guarantor, the client must pay the fees set by the guarantor, 10% of which goes to Kuverit. Clients have the right to refuse collateral and shop for a better deal, however, if they approve the guarantor’s proposal, they must have the required number of tokens in their wallets to pay the fees. If not, they will not be able to use this service. What is important, the guarantor will be able to assess the truth and reputation of the client by checking their history. The first port of call is their ‘initial reputation score’

With global fraud reaching £ 3 trillion per year, what is a feasible solution?

Kuverit’s innovative primary solution will provide
peer to peer assurance, and identity verification designed to eradicate peer to peer fraud, through a blockchain application, a predetermined smartphone application.

Guarantee of Eliminating Risk

Decentralized Claim Processing

Quick Reputation Check

Kuverit quick trust checks allow users to run background checks on the people they are negotiating with. Asking users to confirm their Kuverit ID number, which is the user’s public key and can only be found in the profile section of their application, will allow you to do a quick trust check. You simply enter their ID number, click the “trust trust” button and their profile information will be displayed on your user interface.

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