Consortium for Identity Assurance in Digital Trade Launched by Blockchain Leaders

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. The IIC represents the infrastructure network of services covering critical aspects needed to accelerate the adoption of blockchain commerce. New members are invited to join the consortium in order to grow the ecosystem of identity sovereign assurers building a global network of trusted partners. Mattereum, the company founded by the launch release coordinator of the blockchain platform Ethereum, Vinay Gupta, with co-founder Rob Knight, and InsurePal, the first decentralized social proof insurance

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InsurePal Social Proof Insurance Announces Partnership with Mattereum

InsurePal is a blockchain insurance company that works on what is called social proof, a concept introduced in depth in a prior article. It challenges current practices in the insurance industry which fail to provide a transparent and fair pricing model. Their platform connects responsible individuals in a peer-to-peer insurance relationship by introducing social proof endorsements. If a friend endorses you, they stake a sum of their choosing to be transacted in a claim should you have one. If not, by the end of the year the endorser walks away with a bonus along with the sum they placed. More

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PR: Mattereum and InsurePal Sign Letter of Intent to Collaborate on Effective Mass Use of Blockchain

Mattereum and InsurePal CollaborationThe Central Issue for Blockchain Expansion is Trust

Mattereum and InsurePal signed a letter of intent to collaborate in using blockchain to empower individual users of the technology, recognising that public and individual trust is central to the future of widespread acceptance of the blockchain, a digitized, decentralized, public ledger of transactions.

The post PR: Mattereum and InsurePal Sign Letter of Intent to Collaborate on Effective Mass Use of Blockchain appeared first on Bitcoin News.

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