Practical use cases are the next phase for blockchain. V-ID fraud prevention leads the way.

Pim | V-ID
Oct 1, 2018 · 2 min read

Blockchain has been around for a while now, mostly as something that promises all kinds of technological advancements, somewhere in the future. Numerous start-ups have sprung up with theoretical benefits through blockchain, all with one hurdle still to overcome: adoption. To achieve main stream adoption, just like the Internet around 2000, blockchain must prove itself in real-world practical use cases.

This is where V-ID’s file fraud prevention service has taken the lead. V-ID’s platform is up and running, and already in use at organisations like Airbus Defence & Space, Krohne, world leader in flow measurement instruments, Maritime Cyber Alliance and Dutch college HBOD.

V-ID can validate files, like diploma’s, certificates, legal documents, audit trails, but also security footage, database exports, anything as long as it is a digital file. Recipients can verify the file’s integrity in 5 seconds with just an internet browser. This combination of security and convenience was simply not possible before blockchain technology existed.

V-ID explained in 90 seconds

The backbone of V-ID’s validation service is a utility token named VIDT. With every validation, a transaction with VIDT is coupled with the file, which records the file’s fingerprint and all the crucial details around the origin of the file, on the blockchain. V-ID’s customer base buys VIDT in monthly bundles to facilitate the validation of their files.

Read about the validation process here

V-ID’s platform maturity allows a new organisation to have the validation service up and running within weeks.

The team behind V-ID is made up of industry veterans, ex-CTO’s and CIO’s from American Express, KPMG, Seagull, and core developers all with 15+ years experience in secure software platforms. V-ID’s homebase is in The Netherlands and the UK.

For more information, visit v-id.org.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store