InsurePal (IPL)
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InsurePal is a next generation of
peer-to-peer insurance based on social proof endorsements, fully
harnessing the power of blockchain innovation. Distributed social proof insurance.
InsurePal is a next generation of peer-to-peer insurance based on social
proof endorsements, fully harnessing the power of blockchain
innovation. The platform will serve as a replacement for insurances as
we know today and offer a completely new type of coverage for areas of
life and business that began to emerge with the evolution of blockchain,
starting with the insurance of blockchain business transactions. The
innovative approach has been filed for patent protection in US and
worldwide. Social proof is an in-built mechanism within all of us,
representing people`s moral compass. InsurePal embeds social proof in
form of financial commitment. The endorser who financially guarantees
for someone has to use its own diligence when providing the guarantee to
at the risk of losing their money. Through such endorsements, the
network in whole becomes more risk aware. The platform will work as an
dAPP for B2C customers and as a service for B2B partners that will
resell social proof insurance by using InsurePal solution.
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