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For the Future
InsurePal plans to expand social proof insurance from motor insurance to life and health and property—all dependent on endorsements from the customers’ trusted social network.
“Social proofing works with life insurance because your friends know if you smoke or not, or if you go to the gym and exercise,” explained Volk. “Your friends will know if you have a gym pass but don’t actually exercise.”
InsurePal also is planning to use social proofing to insure business transactions across the globe, supported by blockchain-based smart contracts.
For example, if a person living in central Africa sells a mobile phone to someone in Albania on eBay, eBay acts as a third-party guarantor of the transaction. Using InsurePal, however, any two parties could do business together without an intermediary like eBay, as long as the transaction is insured and they have social proofed endorsements and a Social Proof Trust Score. Then, instead of eBay, their local insurers, insuring their liability, would act as guarantors for the transaction.
InsurePal’s blockchain business transactions module, using a smart contract, would permit two parties to form an upfront agreement in which they specify the terms and conditions of their transaction, the penalty for breaching a contract, and what to do if a dispute can’t be resolved, according to a commentary on the InsurePal site. Both parties would agree that the final compensation for any breaching of the agreement is a financial compensation up to a maximum fee agreed upon in the contract.
If their contract is breached, insurance pays the penalty partly from an InsurePal insurance pool and partly by collecting deductibles from the endorsers of the party causing the breach, according to a white paper titled “Distributed Social Proof Insurance,” which was authored by Peterman and Volk and is available on the company’s website.
“By insuring the financial compensation of an unrealized deal to the injured party, we will establish trust among all the stakeholders and greatly accelerate the quality and quantity of all future blockchain business transactions,” the white paper said.
This module for blockchain business transactions insurance will be available in six to nine months, Peterman and Volk affirmed.
Amazing!
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49 days to platform release
SPF will see 1$ in near future
with platform release price will reach 5-10$
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thank you for cheap SPF on OKEx
world's leading exchange
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FTR token is not a one-dimensional token. It’s use is not meant for holding it and waiting to increase in value.
In order to keep the token circling it will have multiple uses inside our micro-economy system. Our token model is built around supply and demand between businesses, reviewers and other participants in Futourist micro-economy. Token in its utility form acts as a value transfer tool between business participants and ordinary users that bring value to the platform. Participants in the Futourist micro-economy can use FTR tokens in various ways. The core of it is that reviewers get rewarded with FTR tokens, and businesses give away FTR tokens in order to incentivize review creation through contests and many other features (1:1 chat and tip4tip, travel lotto — giveaways, bucket list, achievements…).
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SportyCO bigger and bigger everyday We are thrilled to announce Dino Pasalic has joined our board of advisors! Dino is one of the most renowned and connected football managers with more than 30 years of experiences. He is regularly in contact with presidents of the biggest football clubs such as Real Madrid, Barcelona, Fenerbahce and has been involved in numerous transfers of top players. His experiences and connections will help SportyCo better understand the process of transforming a young promising player into a financially independent football star. Dino, welcome to SportyCo team! https://sportyco.io/team.html |
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I hope this sponsorship will become source of success for both Sportyco and Espanyol as well. This team has potential to surprise many times. Sportyco has great chance to get attention by having exposure in front of millions of people during matches. I will say it great strategic move which will knockout its competitors.
I kind off agree with you because It will deffinetely knock off competitors. Price will be huge just look at the roadmap and how are they concering it !! which are competitors? none?  |
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Is that Insurepal CEO at right?  |
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w0w Viberate is leet! This event today is signal to buy more undervaluated VIB |
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What is next progress guys?
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With all facts and marketing progress @ platform realisation SPF 8$ Q3 2018  |
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My friend from university make some compare i think it's time to buy SNC - it have growth for x50 x100 in near future   |
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