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VeriToken

ICO

VeriToken is a platform, backed by blockchain, that enables users to verify, sell, and completely control their data.

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Overview

Project industryPrivacy & Security
Product typePlatform
WhitepaperVeriToken White Paper Open

Technical details

VeriToken will introduce an ERC20 Token, which will be used as the form of payment between blockchain participants (e.g. candidates and recruiters). Our first phase of development will be working with our partners in the data provision side of the marketplace to better understand the economics around the service of providing data.

What is VeriToken

VeriToken is building a platform that creates a much-needed layer of trust and transparency in the job market as well as industries where the verification of personal information and provenance is critical. Put simply, we are a blockchain protocol enabling verified user-owned data where data brokers can pay individuals for their contact information and time. The tokens allow for privacy and control for individuals engaged on platforms that utilize VeriToken for their social graph backplane. Individuals can choose when their information is in the public domain and when it is hidden.

What Makes Now a Serendipitous Time for This Technology?

There’s a mounting trail of bodies when it comes to corporations who were given trusted data and violated users’ trust: Facebook, Equifax, Cambridge Analytica, Sony. Europe has responded with data protection regulations (GDPR), and the rest of the world will soon follow. This is a massive paradigm shift, one that most data owners are not prepared for, but one that VeriToken is uniquely able to implement.

Broadly, How Does This Work?

The VeriToken protocol takes great inspiration from the ERC721 Standard, which is an Ethereum smart contract type allowing for compartmentalization and licensing of specific data (made famous by the runaway hit game on the ETH network: CryptoKitties). It also incorporates ideas from data provenance and ownership, both Turing Complete and not, that have been implemented on blockchains since 2011 (such as DevCoin and NameCoin).

Through the process of creating a cryptocurrency wallet, a user can associate that address with their identity. Their wallet can then become the repository for all data and data licenses they acquire from Data Oracles (i.e. existing first-party data repositories). These child-smart-contracts will contain all the licensing data (including, but not limited to, license expiry data, data pointers, child and parent data, etc.).

Token info

Ticker: VT
Type: Utility-token
Accepted currencies: ETH

VeriToken Roadmap

1
Phase One

Initial Legacy Locket Platform Launch
Users can create, share and stamp legacies to our blockchain. Chosen “Legacy Executors” can update and edit a loved one’s legacy and stamp to the blockchain.

2
Phase Two

Giftable Marketplace Launch & 3rd-Party Blockchains
Enable our customers to own, gift, and share digital keepsakes such as NFT’s (non-fungible tokens). Enable users to “lock” their legacy into 3rd party blockchains, such as Bitcoin.

3
Phase Three

Legacy Locket Platform Expansion
Expand users functionalities to include delayed messaging, gift giving and connections for family tree building. Launch of Legacy Locket's own line of NFT digital gifts and interface with real-world gift companies.

Advisors

Jason Dekker
Jason Dekker
CEO at GoChain
Jason Dekker linkedin
Brittany Kaiser
Brittany Kaiser
Former Business Development Director: Cambridge Analytica, Co-Founder: Bueno Capital
Brittany Kaiser linkedin
Tor Bair
Tor Bair
Head of Growth/Marketing at Enigma, MIT MBA
Tor Bair linkedin
Steve Sarner
Steve Sarner
VP at Goodreads (An Amazon Company)
Steve Sarner linkedin
Naomi Assaraf
Naomi Assaraf
Founder & CMO at cloudHQ
Naomi Assaraf linkedin
Joel Ward
Joel Ward
Sr. Decision Scientist (Machine Learning) at Conversant
Joel Ward linkedin
John Sutton
John Sutton
Global Food Importer, Partner: SBP Holdings
John Sutton linkedin
Richard Margolin
Richard Margolin
CTO & Co-Founder, RoboKind
Richard Margolin linkedin
Neale Drozario
Neale Drozario
SVP Technology, Arch Capital Group Ltd

Social media

VeriToken web-siteVeriTokenYouTubeVeriToken TelegramVeriToken InstagramVeriToken LinkedInVeriToken TwitterVeriToken Facebook

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