InsurePal is an innovative platform bringing out security and trust in a smart digital way. The project is offering new and desirable solutions addressing the insurance challenges of today and tomorrow. InsurePal is offering transparency, self-regulation, peer-to-peer data, cost reduction and virality for its holders. The InsurePal platform aims to be a global provider of insurance based on social proof mechanics. Example: Daniel and Melany want to make a business transaction, but they don't trust each other. Both of them have to agree for a maximum penalty for contract breaching, define a due date and put an option for arbitrage in case of dispute. The arbitrage is helping users understand how much penalties for InsurePal they need to cover. The compensation is paid even if both identities remain anonymous.The InsurePal platform allows people to intervene in entirely new areas, brought-about with the blockchain innovation.