VouchForMe's goal is to be a blockchain-based decentralized insurance platform backed by social proof guarantees. VouchForMe is the next generation of peer-to-peer insurance based on social proof endorsement, leveraging the power of blockchain innovation. It will serve as an alternative to insurance as we know it, and provide a whole new kind of coverage in areas of life and business that are beginning to emerge with the development of blockchain and transactions on distributed ledgers.

Application Scenario

VouchForMe Insurance will be issued in cooperation with insurance companies (so-called "carriers"), where VouchForMe is positioned as an add-on to the carrier's product and used as an alternative underwriting, ie insurance risk estimation method. Insurance customers can enjoy discounted premiums if they are approved through VouchForMe. In this scenario, the insurer benefits from a better customer mix, and policy customers pay lower premiums. Last but not least, we believe that peer pressure associated with the concept of social proof will also have a positive impact on society.

VouchForMe Rental faces the rental market and solves the security deposit problem. VouchForMe is positioned as a value-added product feature that enables end-customers to achieve financial recognition through VouchForMe, thereby reducing their margin.

VouchForMe Base supports sharing deductibles for signed insurance policies. In this case, VouchForMe provides the infrastructure for users (insureds) to share their deductibles with their peers, who are rewarded in IPL tokens. How the product works has nothing to do with the carrier.