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Veritaseum (VERI)

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Veritaseum builds blockchain-based, peer-to-peer capital markets as software on a global scale.

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Overview

Project industryTrading & Investing
Product typeCryptocurrency
FoundedUnited States

What is Veritaseum

 Veritaseum is a highly disruptive revolution in finance, investment and value. It uses blockchain technology, smart contracts and distributed computing to aid industries and entities suffering from high economic rents, undue friction and gross inefficiencies. Describing Veritaseum is actually very simple, but that description is often frustrated by:

  • Lingering concepts of the legacy institutional business models that Veritaseum seeks to disintermediate;
  • Ingrained prejudices towards leaps in technological capabilities, particularly in the first industry that we're moving to disrupt - finance.
  • At it's simplest, Veritaseum is the gateway to peer-to-peer capital markets. It allows any two or more individuals to deal directly with each other in transactions of value without reliance on centralized or authoritative third parties. They can do this without concern for typical legacy credit or counter-party risk. Phenomenal, right? Of course, this begs the question... How is this done? Let's start with how it's not done. Veritaseum is not a broker, a fund, a bank or an exchange. It is distributed, serverless (stateless) software and a collection of smart contracts ran through the blockchain! To explain what we are, let's take a quick history lesson.

    In 1887, twenty-two-year-old Julius Blumberg opened a small two room store at 115 Division Street in New York City’s Lower East Side. This was the birth of Blumberg forms over 125 years ago. Blumberg was the pre-eminent publisher of legal forms, enabling the quick templating and execution of agreements (think power of attorney, leasehold, money purchase agreements, etc.) between two or more parties. Julius determined that legal transactions could be greatly simplified through the use of a form on which common “boilerplate” elements were already printed, consequently the Blumberg Law Form was born. The cutting edge technology of the era, the typewriter, allowed a massive savings in time through efficiency.

    Veritaseum products are the 21st century incarnation of the Blumberg form. Instead of the typewriter being the enabling technology to bring templated agreements to the masses, we now have smart contracts, blockchain technology and distributed escrowing of self-custodied capital ushering in new capabilities to the forefront.

    By thinking of Veritaseum as a vendor of new age (smart) contracts that enable the conditional transfer of value, you can fully grasp both the simplicity and the creatively destructive disintermediation that is Veritaseum. Access to our smart contracts are gained through the purchase of Veritas (VERI), the software token that represents prepaid fees for Veritaseum products and services. Through the possession of VERI, one can access and use our financial machines. Financial machines are multiple, chain-linked smart contracts designed to replicate the functions of entire business divisions of industry, but at near zero margin and without balance sheet exposure, credit risk or counter-party risk.

    Veritaseum bespoke and custom distributed solutions

    Our distributed solutions utilize a very unique approach that is research and analysis-based. We use financial forensics, fundamental and macro analysis and consulting to design various Veritas sub-tokens that may serve very specific purposes.

    The Veritas sub-token creation process consists of the following:

  • Goals are communicated to the Veritaseum team by the Veritaseum client/customer.
  • Veritaseum financial analysts, macro strategists and financial engineers create a financial product and analytical framework that supports the product.
  • The financial product is passed to our software developers/engineers to create Veritas sub-tokens (software licenses) that unlock custom smart contracts. These contracts support the business processes and logic of the newly created product.
  • The software token is issued directly to the Veritaseum customer for direct P2P transfer or to hold - and/or through the appropriate financial machine, i.e. the VeADIR.
  • Details

    Public sales: Apr 25, 2017 - May 26, 2017
    Token supply: 100,000,000 VERI
    Raised: 6,480,882 USD

    Legal

    Blockchain Platform: Ethereum

    Token info

    Ticker: VERI
    Type: Utility-token
    Token price in USD: 1 VERI = 12 USD
    Accepted currencies: ETH

    Project team

    Reggie Middleton
    Reggie Middleton
    CEO, Founder
    Reggie Middleton linkedin
    Patryk Dworznik
    Patryk Dworznik
    Lead Engineer
    Patryk Dworznik linkedin
    Manish Kapoor
    Manish Kapoor
    Lead Analyst
    Manish Kapoor linkedin

    Social media

    Veritaseum web-siteVeritaseumYouTubeVeritaseum TelegramVeritaseum LinkedIn

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