What is Veritise (VTS)?

What is Veritise (VTS)?

Veritise (VTS) is a platform that uses blockchain">blockchain technology to restore trust between individuals, enterprises, and institutions through identity verification. Its ultimate goal is to create an ecosystem where various entities, such as people and digital assets, can be registered, verified, authorized, and validated in a secure and immutable manner. This platform covers a broad range of items, including products, CVs, documents, news, opinions, reviews, information, intellectual property, NFTs, and artworks. If it's been veritised, it's intended to be trustworthy.

How does Veritise (VTS) work?

Veritise is a blockchain-based platform that boasts a high transaction capacity of over 400 transactions per second, with an average confirmation time of 7 seconds. It employs a Delegated Stake with Proof of Importance algorithm, which eliminates the need for energy-intensive calculations to validate blocks, resulting in minimal energy consumption. Furthermore, Veritise has a dynamic fee mechanism designed to maintain transaction costs below $0.01, irrespective of the VTS token's value. Veritise's primary goal is to provide digital trust solutions that combat the issue of identity theft, which costs individuals and businesses around the world over $5 trillion in losses annually.

What are the potential use cases for Veritise?

Veritise offers solutions for various industries and sectors. It provides product authentication services to prevent counterfeits, forgeries, and intellectual property theft. Veritise also offers CV verification services, which can be useful for HR departments to confirm the validity of applicants' credentials. Moreover, the platform's identity verification solution helps to mitigate the risk of identity theft, providing both individuals and businesses with peace of mind. With its broad range of applications, Veritise is a flexible and valuable tool in the digital realm.

What is the VTS Token?

Veritise has come a long way since its inception, reaching new heights by offering its token (VTS) on additional platforms to improve the accessibility of its solution and cryptocurrency. The platform has also demonstrated its innovation by showcasing its CV verification service through a video demonstration. Veritise has been an active participant in various events and exhibitions, including the VivaTech trade show and CES Expo, where it made its global debut. Its journey reflects its ongoing efforts to establish its presence in the blockchain industry and develop professional relationships.