Product

VouchForMe connects individuals and gives them the opportunity to cut down costs of their insurance premiums using social proof endorsements. It is a next generation peer-to-peer web application, where users can endorse friends for their diligent behaviour. The endorsee receives a financial guarantee. The endorser, in turn can expect a returned endorsement when due. Social endorsements act as a security guarantee that allows users to maximize savings. Social proof is the vehicle which makes VouchForMe the global “go-to” blockchain solution for insurance and other GIG economy sectors.

How it works

VouchForMe application works both ways: endorse and get endorsed in return. The platform itself acts as a global provider of various insurance modules based on social proof mechanics.

After signing an insurance policy, insurance company offers to insured person an option to lower their premium by joining the VouchForMe platform. Any user has the opportunity to invite as many as 10 friends and ask them for a financial endorsement in a specific timely manner. User’s credit score proportionally increases in value with each additional endorsement. As a reward, endorsers will receive IPL tokens which may be used for additional discounts, services or can simply be exchange into everyday fiat currency.

Product

VouchForMe connects individuals and gives them the opportunity to cut down costs of their insurance premiums using social proof endorsements. It is a next generation peer-to-peer web application, where users can endorse friends for their diligent behaviour. The endorsee receives a financial guarantee. The endorser, in turn can expect a returned endorsement when due. Social endorsements act as a security guarantee that allows users to maximize savings. Social proof is the vehicle which makes VouchForMe the global “go-to” blockchain solution for insurance and other GIG economy sectors.

How it works

VouchForMe application works both ways: endorse and get endorsed in return. The platform itself acts as a global provider of various insurance modules based on social proof mechanics.

After signing an insurance policy, insurance company offers to insured person an option to lower their premium by joining the VouchForMe platform. Any user has the opportunity to invite as many as 10 friends and ask them for a financial endorsement in a specific timely manner. User’s credit score proportionally increases in value with each additional endorsement. As a reward, endorsers will receive IPL tokens which may be used for additional discounts, services or can simply be exchange into everyday fiat currency.

What's in it for you

Endorsee

Family members, friends and colleagues endorse you for being a diligent driver which enables you to save money on an insurance policy.

Endorser

Endorsing friends, family members, and colleagues for being diligent drivers opens up the possibility to receive a returned endorsement and save money on the insurance policy. Each endorsement is also rewarded in IPL tokens to be used as one wishes.

Endorsee: the one being endorsed

Being a safe and exemplary driver means that there was probably not a lot of car accidents you have been involved in the past. Or if you were, then probably it was not your fault. However, you still pay the same premium for car insurance as someone that’s not as good of a driver as you are.

Now you can finally stop paying for the mistakes of bad drivers. With a trusted endorser who will financially guarantee for your exemplary behavior you have the ability to lower the cost of your insurance premium. You have the propensity to receive multiple endorsements and give your friends the possibility to vouch for you with the amount they feel most comfortable with. Your endorser will only be financially responsible if you cause damage by your own fault.

Endorser: the one who endorses

We all have friends who are safe drivers whom we feel comfortable riding in a car with. VouchForMe gives you the opportunity to guarantee for their exemplary behavior.

When your friend claims an insurance policy, they have the opportunity to invite you to join the VouchForMe platform and vouch for their safe driving. After registering, you are able to compare your friends insurance policy, how many endorsements they have, and how many days you have left to complete the endorsement. Each endorser can decide for themselves the amount will they vouch for their friend. For making a social proof endorsement, your friend will end up with a considerable premium discount, whereas you`ll receive an immediate incentive in the form of IPL tokens.

What's in it for you

Endorsee

Family members, friends and colleagues endorse you for being a diligent driver which enables you to save money on an insurance policy.

Endorser

Endorsing friends, family members, and colleagues for being diligent drivers opens up the possibility to receive a returned endorsement and save money on the insurance policy. Each endorsement is also rewarded in IPL tokens to be used as one wishes.

Endorsee: the one being endorsed

Being a safe and exemplary driver means that there was probably not a lot of car accidents you have been involved in the past. Or if you were, then probably it was not your fault. However, you still pay the same premium for car insurance as someone that’s not as good of a driver as you are.

Now you can finally stop paying for the mistakes of bad drivers. With a trusted endorser who will financially guarantee for your exemplary behavior you have the ability to lower the cost of your insurance premium. You have the propensity to receive multiple endorsements and give your friends the possibility to vouch for you with the amount they feel most comfortable with. Your endorser will only be financially responsible if you cause damage by your own fault.

Endorser: the one who endorses

We all have friends who are safe drivers whom we feel comfortable riding in a car with. VouchForMe gives you the opportunity to guarantee for their exemplary behavior.

When your friend claims an insurance policy, they have the opportunity to invite you to join the VouchForMe platform and vouch for their safe driving. After registering, you are able to compare your friends insurance policy, how many endorsements they have, and how many days you have left to complete the endorsement. Each endorser can decide for themselves the amount will they vouch for their friend. For making a social proof endorsement, your friend will end up with a considerable premium discount, whereas you`ll receive an immediate incentive in the form of IPL tokens.

Vision

VouchForMe brings out the essence of trust in a smart digital way and improves the risk selection process.

By enhancing trust among peers, it enables the social proof of an individual to be locked into the ledger. Therefore, it can and will self-regulate without the need of an industry-funded regulatory body. This, whilst continuously allowing us to create new attractive solutions, addressing both; the challenges of today and those of tomorrow. VouchForMe users will be able to get endorsed for their diligent behaviour and save money with it. Whether it is a car, home, or business insurance, we got you covered.

Vision

VouchForMe brings out the essence of trust in a smart digital way and improves the risk selection process.

By enhancing trust among peers, it enables the social proof of an individual to be locked into the ledger. Therefore, it can and will self-regulate without the need of an industry-funded regulatory body. This, whilst continuously allowing us to create new attractive solutions, addressing both; the challenges of today and those of tomorrow. VouchForMe users will be able to get endorsed for their diligent behaviour and save money with it. Whether it is a car, home, or business insurance, we got you covered.