Insurepal (IPL) Here’s a project with actually zero technical roles listed on its team page.
Meanwhile, social proof can reduce the insurance premiums to a level where insurance can be included in any smart contract transaction, offering a major public benefit. With that feature of the platform forefront, the InsurePal team made a major agreement this past week with Matterum, a purveyor of smart contracts for the real world. Mattereum’s innovative solution for ensuring regulatory compliance will prove critical as we support global companies conducting token crowdsales on our platform. An insurance smart contract is created before the business transaction takes place.
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InsurePal, an award-winning next generation, peer-to-peer insurance based on social proof endorsements, has announced a collaborative partnership with the first Internet of Agreements infrastructure platform, Mattereum.
As such, Mattereum adds a vital component to the ecosystem of InsurePal, which is now composed of insurance, blockchain ID, and arbitration. Whitelisting-TBA Token sale : TBA Accepts: TBA Vinay Gupta is responsible for Mattereum’s corporate strategy, vision, external communications, investor relations and reputation. InsurePal aims to disintermediate trust between the crypto community and mainstream market through a decentralized and affordable insurance sector that rewards beneficial behavioral patterns. Recentemente, a InsurePal anunciou sua parceria com a startup de contratos inteligentes Mattereum.
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Together, insurance and dispute resolution support claims about identity that can be relied upon because those claims can be insured and compensation in case of misidentification can be legally enforced.
InsurePal brings in its patented social proof mechanism to create trust through transparency and shared responsibility. But for the blockchain to work, InsurePal says, individuals have to trust the system. The future of the blockchain is identity without authority, and digital trading will continue to expand along with the use of cryptocurrency. “InsurePal looks like very good, clear thinking on how to model risk in insurance in new ways, and deploy new technology to implement those risk models.
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Mattereum will create and manage the legal and technical systems required to implement the control and transfer of rights in material and intellectual property, as well as digital assets.
InsurePal is challenging the current insurance industry, which fails to deliver transparent pricing model and guarantee fraud protection. This collaboration is one of the strategic steps InsurePal is initiating towards future-proofing the blockchain in the face of increasing calls for regulation. For that, the InsurePal token crowdsale will be processed automatically and a security measure for the contributors will be included. InsurePal is making important strategic partnerships, such as with Mattereum, to provide the three basic pillars of future blockchain business: blockchain ID, arbitration, and insurance.
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This added layer of arbitration and property management dovetails perfectly with InsurePal’s blockchain business transaction insurance.
Mattereum and InsurePal share a vision of a future blockchain economy with three pillars: 1. Mattereum provides natural language contracts, along with corresponding smart contracts, to facilitate common legal tasks. Organisations in the insurance sector and those already involved in blockchain trades are invited to become members of the Identity Insurance Consortium and contribute to its development. According to the company, providing financial compensation in case of a breached contract will help to solve the problem and significantly expand blockchain usage.
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Based on the blockchain technology, the new project aims to accelerate trust between members of the crypto community, contributing to the growth of the distributed economy.
It does so by helping harness the power of blockchain software in the execution of legal contracts while providing a simple legal interpretation and implementation to digital trade. London, 16 February 2018: Mattereum and InsurePal have announced the Identity Insurance Consortium (IIC) to drive insurance-based identity solutions to underpin the security of commerce on the blockchain. Dr. Mihai Cimpoesu, who holds his doctorate in Computer Science, is Mattereum’s Chief Engineer and was a technical lead in the Blockchain team for Thomson Reuters. Security, trust, and tangible benefits for all parties will make InsurePal a vital component of blockchain business transactions. To provide the best possible ecosystem for decentralized, blockchain-based insurance management, InsurePal has announced its upcoming collaboration with Mattereum.