Verif-y Inc., the identity and credential verification platform, has announced the launch of its token pre-sale followed by a crowdsale on October 5th.
Strong and reliable digital identity is essential for global digital blockchain economies to thrive. To meet fast-growing identification demand, Verif-y is establishing a blockchain-based, digital identity solution layer to its existing credential and employment verification platform. The platform is already commercially available, but with the application of blockchain it aims to improve the protection of Personally Identifiable Information (“PII”) which in today’s world is key to our identity.
app and supporting platform have been live since April 2017 and available for download on iOS and Android devices. The number of organizations currently verifying PII on Verif-y’s platform is growing and they have the opportunity to monetize participation in the ecosystem by uploading verified users onto the platform. Verif-y brings value and efficiencies to all parties who participate in the ecosystem: educators, employers, credential providers, licensors, member organizations, certificate providers and lastly, but not least, the users.
“In 2014 I encountered a significant business problem regarding an individual’s credentials and resulting identity. I thought, “There has to be a better way….” there wasn’t, and that’s when we started developing our solution. The idea for Verif-y coincided with the growing industry acceptance of various Blockchain uses and implementations. Blockchain allows for the tokenization of transactions, and the Verif-y app and platform leverage this functionality to secure and confirm the accuracy of identity and records. Cyber hacking of people’s Personal Identifying Information is at an all-time high and Verif-y confronts this issue with a holistic, decentralized architecture,” said Ed Zabar, Founder and CEO of Verif-y, Inc.
The VFY token presale is now open. To take part or for more information on Verif-y please visit the website here