VouchForMes objective is to become a decentralized insurance platform based on social proof of stake, utilizing blockchain innovation. VouchForMe represents the next generation of peer-to-peer insurance grounded in social proof of endorsement, harnessing the power of blockchain innovations. It will serve as an alternative to insurance as we know it and offers new coverage in areas of life and business that are beginning to emerge with the development of blockchain and transactions on the distributed ledger.

Use Cases

VouchForMe Insurance will be issued in collaboration with insurance companies (so-called "carriers"), where VouchForMe is positioned as an add-on to carrier products, serving as an alternative underwriting, i.e., a method for estimating insurance risks. If an insurance customer is endorsed through VouchForMe, they can enjoy discounted premiums. In this scenario, the insurance company benefits from a better customer mix, while the insurance customer pays lower premiums. Last but not least, we believe that the peer pressure associated with the concept of social proof will also have a positive impact on society.

VouchForMe Rental addresses the rental market by tackling the issue of deposits. VouchForMe is positioned as a value-added product feature enabling the end customer to obtain financial endorsement via VouchForMe, thereby reducing their deposit.

VouchForMe Base supports the sharing of deductibles on signed insurance policies. In this case, VouchForMe provides the infrastructure for users (insured) to share their deductible with peers, with peers being rewarded in IPL tokens. The product operates independently of the carrier.