Product

VouchForMe is a web application based on blockchain technology that enables users to vouch for their friends' diligent behavior. By effectively sharing their insurance edeductible with each other, users enjoy lower insurance premiums. The guarantees a user obtains provide social proof - this is the vehicle that makes VouchForMe the global go-to solution for insurance and various gig economy areas.

Closed Beta Testing
  • Asking for guarantee
  • Vouching
  • Managing active guarantees

Beta testing period has ended. A big Thank You to all who participated.

How it works

VouchForMe works both ways: vouch for and get vouched for. The product is designed to support various insurance models based on social proof mechanics.

In essence, it allows the insurance client to lower the insurance premium on the account of a higher deductible. While insurance clients normally aren’t comfortable with high excess, VouchForMe enables them to share a part of it with their social circle. By vouching, guarantors make a financial commitment to cover the deductible in case of a damage claim,  up to the amount vouched.As a reward for their commitment, guarantors receive IPL tokens which they can use for subsequent discounts and services or exchange to fiat money.

Product

VouchForMe is a web application based on blockchain technology that enables users to vouch for their friends' diligent behavior. By effectively sharing their insurance deductible with each other, users enjoy lower insurance premiums.The guarantees a user obtains provide social proof - this is the vehicle that makes VouchForMe the global go-to solution for insurance and various gig economy areas.

Closed Beta Testing is On! Sign up to get early access.
Asking for guarantee / Vouching / Managing active guarantees

How it works

VouchForMe works both ways: vouch for and get vouched for. The product is designed to support various insurance models based on social proof mechanics.

In essence, it allows the insurance client to lower the insurance premium on the account of a higher deductible. While insurance clients normally aren’t comfortable with a high deductible, VouchForMe enables them to share a part of it with their social circle. By vouching, guarantors make a financial commitment to cover the deductible in case of a damage claim, up to the amount vouched.As a reward for their commitment, guarantors receive IPL tokens which they can use for subsequent discounts and services or exchange to fiat money.

Benefits

Insurance Client

Lower insurance premiumRisk (deductible) sharing

Guarantor

Emotional reward (helping a friend)Chance of receiving a guarantee in return (mutual vouching)Monetary reward (IPL tokens)

Society

Encouraging responsible behaviour and solidarityCreation of a decentralized risk assessment ecosystem

Insurance Client

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 guarantees and give your friends the possibility to vouch for you with the amount they feel most comfortable with. Your guarantors will only be financially responsible if you cause damage by your own fault.

Guarantor

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 friend's insurance policy, how many guarantees they have, and how many days you have left to complete the vouching. Each guarantor can decide for themselves the amount will they vouch for their friend. For making a financial guarantee, your friend will end up with a considerable premium discount, whereas you`ll receive an immediate incentive in the form of IPL tokens.

Benefits

Insurance Client

Lower insurance premiumRisk (deductible) sharing

Guarantor

Emotional reward (helping a friend)Chance of receiving a guarantee in return (mutual vouching)Monetary reward (IPL tokens)

Society

Encouraging responsible behavior and solidarityCreation of a decentralized risk assessment ecosystem

Insurance Client

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 guarantees and give your friends the possibility to vouch for you with the amount they feel most comfortable with. Your guarantors will only be financially responsible if you cause damage by your own fault.

Guarantor

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 can compare your friend's insurance policy, how many guarantees they have, and how many days you have left to complete the vouching. Each guarantor can decide for themselves the amount will they vouch for their friend. For making a financial guarantee, 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 vouched for their diligent behavior 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 vouched for their diligent behavior and save money with it. Whether it is a car, home, or business insurance, we got you covered.