VeriME is a decentralized Verification-as-a-Service (VaaS) ecosystem operating on Blockchain
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Start Date
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Smart contract blockchain
Team:
Nguyen Hoa Binh - Co-Founder & Chairman
Sanjeev Kumar - Co-Founder & Chief Strategist
Hà Thu Trang - Project Coordinator
Phạm Ngọc Trâm Anh - PR Manager
VeriME is a decentralized Verification-as-a-Service (VaaS) ecosystem operating on Blockchain and Customer's mobile application, using the most advanced biometric technologies and machine learning tools to identify and authenticate the Customer during purchase of goods and services. Customers can verify their identity electronically with the Service Providers (Online/Offline, both Blockchain and traditional applications) who are VeriME's partners in just a few seconds, saving cost for Service Providers and enhancing Customer experience.
Expert Review
VeriMe aims to offer a blockchain based Verification as a Service (VaaS) product to address inefficiencies of current KYC solutions. It offers to conduct KYC based on blockchain technology and consist of two major components - D-KYC and D-Secure. They want to allow partnered companies to validate and authenticate a potential cutomer. Moreover, such solutions increases the security of said cutomer's data, as it's encrypted and never shared with any third-party services. The list of partnered companies is quite well developed and include big names such as eBay for example. The team members have a great experience and have high past ICO success rates, so the overall team evaluation is positive. The web design is actually very great and the website provides all the necessary information. The roadmap is practical and the whitepaper is well planned and presented.
The idea to introduce a verification as a service for KYC regulatory compliance on the blockchain according to me is great as it will lead to a fast and cost-efficient sales cycle. The team is great and the members have the required knowledge and know what they want to achieve and how they can. This reduces the chances of the project to be a scam. The roadmap and whitepaper are well thought. I would like to invest in this ICO as there is really the need for a project like this and it is positive from all the aspects.
Online fraud is a real problem, VeriME provides a better solution to tackle with this problem. Current methods of payment authentication such as 2 factor/3 factor authentication are prone to many security threats such as Man-in-the-middle (MitM) or Man-in-the-Browser (MitB) attacks, thus failing to protect sellers and buyers. It provides a decentralized system for payment authentication.
VeriME, at the moment, has 14 key Partners in Vietnam, and this list is steadily expanding.
There seems to be a lot of potential in this project.
Solid Team, existing product, and lots of positive vibes.
The VeriME ICO is run by a highly capable team who have already demonstrated their ability to deliver through a working offchain product and myriad of partnerships.
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