InsurePal (IPL)

InsurePal are a next generation of peer-to-peer insurance founded on social evidence endorsements, completely harnessing the energy of blockchain innovation. The platform will serve as an alternative to insurances as we realize nowadays and offer a brand-new kind of coverage for regions of life and company that started to emerge with the evolution of blockchain, beginning with all the insurance of blockchain business deals. The innovative approach was filed for patent protection in US and worldwide. Social proof are an in-built system within all of us, representing individuals ethical compass. InsurePal embeds social proof in form of financial commitment. The endorser who financially guarantees for someone has to utilize its own diligence whenever supplying the guarantee to at the danger of losing their money. Through such recommendations, the network in whole becomes additional risk aware. The system works as an dAPP for B2C users and as a service for B2B lovers that will resell social evidence insurance by making use of InsurePal solution.