2019 was a great year of partnerships and adoption for VID. With exchange listings and over 40 clients using their product, there is a lot of excitement for the coming year.

V-ID uses its blockchain-powered product to prevent fraud in digital documents. Precisely, the software creates a fingerprint of the document that is embedded in the blockchain. The documents can range from invoices to educational certificates or even firmware. Once the document becomes a verified part of the blockchain, it can be authenticated quickly from anywhere on the globe using the VID system. 

VIDT Token

The entire document verification lifecycle on V-ID begins with a V-ID Token (VIDT). Effectively, any organization that desires to validate the documents needs to have a wallet with a V-ID token balance.

Every time the system executes a validation, a VIDT transaction occurs and that is how the fingerprint is recorded on the blockchain. Each fingerprint holds the data like file type, timestamp, validation location, and identity of the validator. It is the publishing organization that will buy and burn the VIDT tokens creating an inherent utility to use them. The beautiful thing about the ecosystem is the fact that it is all done behind the scenes and the consumer-facing user experience is seamless.

Read More about the VID Platform in the Altcoin Buzz Overview here.

2019 Exchange Listings:

  • LaToken
  • Binance DEX
  • Kucoin
  • Next Exchange

V-ID Exchanges

Source: v-id.org

2019 Partnerships and Clients:

V-ID clients

Source: v-id.org

 

With over 40 clients using the VID Product and plenty more in the pipeline,  the adoption focus is great to see in such a well-targeted industry where blockchain has the power to disrupt.

Binance Community Vote:

On Thursday the 20th of February, VID will be taking place in the community vote to be listed on Binance. With such great adoption in 2019 and a promising line up for 2020,  we believe it deserves to be listed and needs your support. Have your say on Thursday! Find more info below.

 

2020 is looking like an exciting year for VID. With an IBM partnership already announced, a new industrial partner announcement on the way and the Binance community vote this week… It is just the beginning! Stay Tuned to Altcoin Buzz for more V-ID updates.

Learn More and Vote:

Learn more about the VID Platform,  partnerships and more through the links below:

Binance Community Vote Info:

https://www.binance.com/en/support/articles/360039354832

Corporate website: https://about.v-id.org

Welcome page US: https://about.v-id.org/welcome

VIDT Platform: https://www.v-id.org

Welcome page RU: https://about.v-id.org/welcome_ru

YouTube: https://www.youtube.com/channel/UCh6xfbjMUeYFUO-2O_wRSBA/videos

Welcome page CH: https://about.v-id.org/welcome_ch 

Medium: https://medium.com/@pim_vee

DISCLAIMER:

The information discussed by Altcoin Buzz is not financial advice. This information is for educational, informational and entertainment purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This interview, overview or update article has been compensated for media cooperation and has been sponsored for by the interviewed or reviewed organization. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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