Bailsman offers a quick and easy blockchain-based guarantee solution for clients who don’t have the required amount of money or simply prefer to spend it on something else.

Bailsman provides a third party guarantee to the merchant for a small monthly fee that is paid by the client, instead of making the security deposit payment and tying up the cash. 

Merchants can rest assured, as there is no risk of not receiving the requested claim amount. Bailsman only provides guarantees that are 100% backed by licensed financial institutions or telecom companies, and will be paid out irregardless of the client’s financial situation.

[1] Data regarding the size of the residential real estate security deposit market has been calculated by Bailsman’s team based on statistical data and real estate websites.

[2] Data regarding the commercial real estate security deposit market is not public information. Nevertheless, it is estimated to be significantly larger than residential, reaching over 500 billion USD globally.

[3] Data regarding the accommodation industry represents the industry’s total revenue. This is estimated to be around the same size as its security deposit market. Marketline.com article 

[4] Data regarding the car rental industry represents the industry’s total value. This is estimated to be around same size as its security deposit market. Businessinsider article

Product features

Simple claim process

Claims can be filed at any time with the press of a button and paid on first demand.

Easy access

Manage your guarantee easily through the app, wherever you are.

Add co-applicants

Add other people as co-applicants if the credit rating is too low or to share the responsibility. This also allows the guarantee amount to increase.

Your ID is your guarantee

You can use your guarantee anywhere just by having your ID with you. There is no need for registration.

Use while abroad

The guarantee is available globally through service providers working with Bailsman.

Ethereum blockchain technology

Bailsman provides all parties with an extra layer of security by creating open transactions with Ethereum technologies.

Beside the fact that clients have full control over their data, it also provides an environment where all transactions are easily identifiable and traceable by all parties involved. Guarantee providers can be sure of who they are really taking the risk against, while merchants can be sure that guarantees are provided by trusted companies.

• 100% data privacy
• Free of manipulation risk
• Traceable data

Vision

Bailsman plans to become a universal guarantee-providing business spread across multiple sectors and connecting clients’ needs to the best offers available on the market.

As a security deposit is only one form of a guarantee, Bailsman sets out to expand its services to provide guarantees for a much wider range of segments - from car purchase installment payments to guarantees for daily purchases - enabling the “buy now, pay later” approach.

Cooperation with third party service providers using acquired data is another possible course of action for Bailsman in the future.

• Car purchase installment payment
• Buy now pay later
• Third party services

Escrow

All funds contributed in cryptocurrencies during the BAILS token sale will be held in escrow in a multi-signature wallet. Keys will be held by Bailsman and PricewaterhouseCoopers Legal OÜ (PwC Legal) - a cross-border provider of legal services with over 3,500 top lawyers in 90 countries. The multi-signature escrow wallet requires three signatures to move the funds - one from the PwC Legal and two from Bailsman.

Moving the funds will be possible upon fulfilling the terms set forth in the Escrow Agreement in which case PwC Legal (as escrow agent) and Bailsman would release the proceeds from BAILS token sale.