InsurePal aims to become a first-of-a-kind blockchain-based decentralized insurance platform powered by social proof guarantee. It will serve as a replacement for insurances as we know and offer a completely new type of coverage for areas of life and business that began to emerge with the evolution of blockchain and transactions being carried out on the distributed ledger.
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SOCIAL PROOF
Social proof is an in-built mechanism within all of us, representing people`s moral compass. InsurePal embeds social proof in a form of financial commitment. The endorser who financially guarantees for someone has to use its own due diligence when providing the guarantee to at the risk of losing their money. Through such endorsements, the network in whole becomes more risk aware.
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PATENT
This is the first time we have successfully reinvented the social proof for insurance industry. The innovative approach has been filed for patent protection in US and worldwide.
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BUILDING THE INTERNET OF INSURANCE
The future of blockchain is identity without authority. The crypto is expanding from digital trading to something that will become a parallel economy, constituting fundamental changes. The mass adaptation of digital currencies of is just around the corner, and the need for blockchain identity and transaction regulation will soon arise. For that, InsurePal is making important strategic partnerships already today to build the three basic pillars of future business that will help grow confidence among trustees and speed up their business operations on the blockchain.
More at
www.insurepal.io