What is Veritaseum?

Veritaseum (VERI) is a blockchain-based fintech software that strives to democratize access to the global peer-to-peer (P2P) capital market. Founded in 2013 by Reggie Middleton, Veritaseum seeks to eliminate the need for intermediaries or banks in capital markets. The platform's goal is to enable anyone with internet access to participate in these markets. Veritaseum also provides the ability to tokenize various assets such as real estate, metals, or government bonds, and is designed to facilitate the buying and selling of digital assets on the blockchain.

How does Veritaseum work?

Veritaseum operates on the Ethereum blockchain, utilizing its ERC-20 token, VERI, to pay for the platform's products and services. The primary use of VERI is to redeem it for advisory services offered by Veritaseum. The platform provides tools and software to participate in P2P capital markets, running on servers controlled by the client organization. Services include a digital exchange for prime brokerages and exchanges, and a smart arbitrage system that provides cross-platform liquidity for trading digital assets. Veritaseum also offers a research module, Veritaseum Autonomous Distributed Interactive Research (VeADIR), which pulls data from exchanges for VERI and allows users to pay for research findings.

What are the potential use cases for Veritaseum?

Veritaseum seeks to provide a platform for participation in P2P capital markets, aiming to make these markets accessible to anyone with internet access. The platform also offers the ability to tokenize a wide range of assets, from real estate to government bonds, providing a new avenue for asset management and investment. Additionally, Veritaseum's research module, VeADIR, is designed to provide insights into the digital asset market, making it a tool that could be of interest for individuals and organizations interested in this space.

What is the history of Veritaseum?

Veritaseum was founded in 2013 by Reggie Middleton, a Howard University graduate with a background in business. Prior to founding Veritaseum, Middleton was a managing member at Reggie Middleton LLC and started BoomBustBlog.com. He later created Veritaseum’s UltraCoin, a corporation that strives to apply modern cryptography in finance, economics, and value transfer transactions. Veritaseum's software is designed to facilitate the trading of digital assets without the fees of brokerages and intermediaries, with its smart contracts enforcing transactions on mutually agreed terms. As of February 2021, Veritaseum has a circulating supply of 2,149,646 VERI.