What is Veritaseum (VERI)?

Veritaseum is a worldwide blockchain-based software that creates access to peer-to-peer finance marketplaces. Peer-to-peer refers to the direct exchange of an asset, such as a digital cryptocurrency, between two or more individuals without the participation of a central authority. 

Veritaseum helps industries and organizations suffering from large economic rents, excessive friction, and severe inefficiencies by utilizing blockchain technology, smart contracts, and distributed computing. Veritaseum aims to disintermediate lingering notions of Legacy institutional business models. In other words, it enables any two or more people to conduct value transactions directly with each other without relying on centralized or authoritative third parties. 

Moreover, users can do so even without having to worry about traditional credit or counter-party risk. Veritaseum is not a brokerage firm, a fund, a bank, or a stock exchange. This software is a collection of distributed, server-less (stateless) software and smart contracts that run on the blockchain. 

The native token of the software is “Veritas.” The symbol of the native token is “VERI.” The native software token VERI, which symbolizes prepaid payments for Veritaseum products and services, is used to obtain access to their smart contracts. The users can access and utilize their financial machines by having VERI in their possession. Financial machines are a collection of chained smart contracts that are supposed to mimic the tasks of whole industry divisions at near-zero margins and with no balance sheet exposure, credit risk, or counterparty risk. Veritas sub-tokens are designed using financial forensics, fundamental research, and consultation to fulfill very particular needs.

According to the platform’s website, Veritaseum is a new-age smart contracts vendor that permits the conditional transfer of value. The distributed solutions of the software use a highly distinctive approach that is based on study and analysis.

History of Veritaseum (VERI):

Reggie Middleton founded Veritaseum in 2014. Middleton is a Howard University graduate well known for foreseeing market and substantial financial institution crashes long before they occur.