As is the case with most currencies, to truly understand a coin one must first know where it is used - and what purpose it holds.
What is $IPL?
InsurePal is a next generation peer-to-peer insurance platform on the blockchain. It is based on social proof endorsements, fully harnessing the power of blockchain innovation.
So, what is $IPL?
$IPL is a platform that will replace insurance as we know it, 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.
The whole network becomes 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.
What does $IPL do?
VouchForMe (former InsurePal) brings out the essence of trust in a smart digital way and improves the risk selection process.
It enhances trust among peers and enables the social proof of an individual to be locked into the ledger. Therefore, it can and will self-regulate without the need of an industry-funded regulatory body.
VouchForMe users will be able to get vouched for their diligent behavior and save money with it. Whether it is a car, home, or business insurance, users are covered.
A Bright future: $IPL
Additional functionalities are implemented. All VouchForMe activities are promoted on a global scale. VouchForMe platform is moving towards becoming a “go-to” global social proof insurance.