Veritise
VTS
Veritise is not supported by Coinbase.
Market
Market stats
$12.4M
$434,612.59
224.1M VTS
$0.36
+1.9%
-15.26%
+31.24%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
About Veritise
Veritise (VTS) is a blockchain-based platform that aims to restore trust among individuals, enterprises, and institutions through identity verification. It strives to create a system where various entities, from individuals to digital assets, can be registered, verified, authorized, and validated. The platform's blockchain technology ensures that all these processes are carried out in an immutable manner. Veritise's scope extends to a wide range of items including products, CVs, documents, news, opinions, reviews, information, intellectual property, NFTs, and artworks. If it's veritised, it aims to be reliable.
Veritise operates on a blockchain network that handles over 400 transactions per second, with an average confirmation time of 7 seconds. It uses a Delegated Stake with Proof of Importance algorithm, which eliminates the need for CPU-intensive calculations to validate blocks, thereby keeping energy usage to a minimum. The platform has a dynamic fee mechanism, aiming to keep transaction costs less than $0.01, regardless of the value of the VTS token. Veritise also aims to deliver a digital trust solution that mitigates the threat of identity theft, a problem that causes businesses and individuals worldwide over $5 trillion in damages yearly.
Veritise aims to develop solutions for a variety of industries and sectors. It aims to deliver product authentication services to protect brands from fakes, forgeries, and intellectual property thieves. The platform also aims to deliver CV verification services, which can be beneficial for human resources departments in verifying the authenticity of applicants' credentials. Additionally, Veritise's identity verification solution can be used to mitigate the threat of identity theft, aiming to provide peace of mind for businesses and individuals alike. The platform's wide range of applications makes it a versatile tool in the digital world.
Veritise has made strides since its inception. It has expanded its reach by making its token (VTS) available on new platforms, aiming to enhance the accessibility of its solution and cryptocurrency. The platform has also demonstrated its commitment to innovation by showcasing its CV verification service through a video demonstration. Veritise has also been actively involved in various events and exhibitions, such as the VivaTech trade show and the CES Expo, where it made its global debut. The platform's journey reflects its ongoing efforts to develop its professional links and establish its presence in the blockchain industry.
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