Post
Topic
Board Announcements (Altcoins)
Re: [IPL] VouchForMe | Distributed social proof insurance
by
cryptoworld2017
on 18/11/2018, 15:47:22 UTC
The science of social proof
“Social proof is a natural, built-in mechanism within all of us, representing people’s moral compass.”

Based on a personal risk assessment, a guarantor vouches for a trusted friend by means of a financial guarantee. This creates a positive incentive for the friend to act as a responsible insurance client. Through vouching, the entire network becomes more risk aware, encouraging a positive change in behavior.

interesting approach