VouchForMe's goal is to become a blockchain-based decentralized insurance platform based on social proof assurance. VouchForMe is a next-generation peer-to-peer insurance based on social proof recognition, leveraging the power of blockchain innovation. It will serve as an alternative to insurance as we know it, and it will provide a whole new coverage of the life and business sectors that have begun to emerge as blockchain and transactions on distributed ledgers develop.

Application scenarios

VouchForMe Insurance will be issued in partnership with insurance companies (so-called "carriers"), where VouchForMe is positioned as an add-on to carrier products, used as an alternative underwriting, the insurance risk estimation method. If insurance customers are recognized by VouchForMe, they can enjoy discounted premiums. In this scheme, insurers benefit from a better portfolio of clients, while insurers 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 is aimed at the rental market and solves the problem of margin. VouchForMe is positioned as a value-added product feature, enabling end customers to gain financial recognition through VouchForMe, thereby reducing their margin.

VouchForMe Base supports sharing of deductibles for signed insurance policies. In this case, VouchForMe provides the user (the insured) with the infrastructure to share their deductible with peers, while peers receive rewards for IPL tokens. The way the product works has nothing to do with the operator.