FESSChain Launches Varifie: An AI and Blockchain-based Product

Hello Believers,

So, Today FESSChain completed a journey of one year and five months. The journey is full of challenges and learnings so far. We are glad to add one more milestone in the timeline of FESSChain. We are super excited to launch the alpha version of its second product Varifie.

Read Further to know more:

What is Varifie?

Varifie is an identity management platform designed for both B2B and B2C. Stakeholders can store, manage, and verify their identity with few clicks.

What Technology does the Varifie Use?

Varifie uses blockchain and Artificial Intelligence to solve identity management issues. Artificial Intelligence along with machine learning and deep learning takes care of unique identity recognition and fraud prevention while blockchain takes care of security with its well-known encryption methods.

What is the product development status?

Varifie is currently in the Alpha phase. Alpha denotes one of the early phases of the product development cycle. The tech and backend are due for testing and the prototype is being deployed for final testing the (beta phase).

What will be the use-cases of Varifie?

Varifie can be used in multiple domains and will be helpful for a number of business practices including finance, marketplace, travel, insurance, education to name a few.

What makes Varifie Unique?

Apart from Artificial Intelligence and Machine learning, Varifie uses blockchain for encryption with private keys in line for accessing the stored user data. Also, it helps a crucial layer of security in place making the user’s identity secure and blocking access to impostors.

We will update you with further development and progress of Varifie.

Get ready to Varified!