Veritaseum VERI

$46.35
Market Cap $ 94.401 MM (#90)
24h Volume $ 783.877 K
Chg. 24h: -2.15%
Algo. score 2.6/5  (#712)
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Veritaseum project purpose and description

Veritaseum purpose and aspects

Veritaseum claims to offer a development platform for a wide range of applications all revolving round and using Veritas tokens.

Veritaseum additional differentiation against competition

Many details of its platform are rather vague and unclear.

Short description

Veritaseum builds blockchain-based, peer-to-peer capital markets as software on a global scale. We are taking a wide swath of assets and exposures and placing them on the blockchain as autonomous software that seamlessly connects to parties without the need for a 3rd or authoritarian interest. Any entity with internet access can participate in these capital markets on a peer-to-peer, over-the-counter, and one-on-one basis.

Abstract

Veritaseum is a revolutionary, highly disruptive application of blockchain technology, smart contracts and distributed computing to industries 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 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 software! To explain what we are, let's take a quick history lesson.

Link to Roadmap: n/a
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