What Is Veritise (VTS)?
Veritise is bringing back trust across individuals, enterprises, and institutions through blockchain identity verification. From a real person or company to virtually any form of digital asset, all entities can be registered, verified, authorized, validated, and tracked immutably in our blockchain. Products, CV’s, objects, documents, news, opinions, reviews, information, IP, NFTs, artworks and much more: if it is veritised, you can trust it!
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Businesses, institutions and individuals alike have a dire need to verify both business and human identities in order to prevent fraud and identity theft. Veritise has developed a user-friendly mobile application that uses its own blockchain technology together with a patent protected process to provide you with human identity verifications that are fast, secure and trusted.
There are numerous scenarios on how scammers steal and abuse identities in order to deceive people by approaching them online or in person. Most of have had the experience of being contacted by strangers either through social media, sms messages or telemarketing calls falsly claiming to be an employee for a certain company or an agent or representative. These are very common ways for scammers to operate.
Veritise offers human identification services that are specifically designed to give businesses the ability to offer people a fast, easy and secure way via the Veritise app to verify the true identity of people claiming to work for their company or have an official affiliation with their company.You can also verify their current position or status, for example:
■ i.e. Manager, marketeer, developer, security officer, researcher etc.
○ Independent Sales Agent
■ i.e. Listing Agent of an exchange
■ Authorized to raise funds
■ Approved to create campaigns
○ People endorsed by a company
Aside from humans, the companies themselves can also be verified with the Veritise app to provide consumers peace of mind. They give them the ability to verify the legitimacy of companies, stores (online and offline), service providers, authorized dealers, charities and so much more Watch this space: they will be publishing a video demonstration of the App here soon.
- Total Supply: 300 Million VTS tokens
- Circulating Supply 1st year: 75M to 200M
- Extremely low inflation (max of 1% per year).This inflation is required in order to:
- Maintain supply and compensate for lost keys/wallets/funds
- Reward Server Nodes that maintain the blockchain network during time tx volume is still ramping up
- Protect value for token holders
- 400+ TPS (Transactions Per Sec) on Public network & 3000+ TPS on private network
- Block Generation Target Time: 15 sec with confirmed transaction times of less than 5 sec
- Up to 4096 characters of on-chain data per transaction can be stored
Always Low Cost
Veritise blockchain has a built-in dynamic fee mechanism, ensuring that transactions will always remain less than $0.01, regardless the value of the VTS token, whether VTS = $0.50 or VTS = $50.
A low-carbon footprint is guaranteed with our eco-friendly consensus mechanism. No CPU intensive calculations are required to validate blocks. Instead, Veritise utilizes a Delegated Stake with Proof of Importance algorithm, designed to keep energy usage to a minimum.
The Veritise blockchain network handles 400+ transactions per second with ease together with a 7 second average confirmation time. The network can scale effortlessly and indefinitely depending on demand.
Central to the Veritise services is a strong brand protection system. As a manufacturer, the first steps are registering your company with Veritise. From there on out (once you have opted for the subscription or customised service option) you can begin to protect your products with blockchain grade strength. The Veritise system will ask for various product information that you wish to display to your consumers once they scan.
There are two principle ways in which you can apply brand protection to your products:
- Special tamper proof stickers with unique codes, designed in partnership with Etikouest.
- Printing Veritise codes directly onto labels or packaging via your existing printers
For either option they are here to make it an easy and cost effective process.
How does it work
The patent pending method generates unique blockchain based codes for every single one of your products. As soon as you scan one of them an event on the blockchain is generated and cannot be reversed. The Veritise system will check the blockchain ledger and instantly make the link between the manufacturer and the actual product. If something is not right, such as the unique product code, has already been used an alert will let the consumer know to be careful.
They invite you to join community and enjoy the benefit of being among the first to receive the latest news, updates and information about Veritise. Interact with other community members as well as the Veritise team. Interested to contribute or just to stay in the loop? The choice is yours.