Dallas-based VeriToken, an information verification company based on blockchain technology, announced its planning an initial coin offering (ICO) in September. VeriToken offers a protocol for verified data that can be used for identity by allowing people to verify their personal information, control access to that information, and offer ways to monetize their personal information Devon Zielinski, founder and CEO of VeriToken, told Dallas Innovates.
The company’s protocol also has applications in verifying industries and commerce in areas such as food and product provenance and security. “VeriToken breaks down the inherent lack of trust we have for our companies and each other by ensuring transparency and accountability in ones’ information,” said Zielinski.
“Examples of this include an undocumented person in the Philippines receiving verified documentation on their phone, a U.S. job applicant using a verified resume, and someone in Austria able to scan a barcode to see the origin of their food.” “By connecting verified data sources to the blockchain, we can allow people to request, obtain, and control verified information that is heavily secure.” “By connecting verified data sources to the blockchain, we can allow people to request, obtain, and control verified information that is heavily secure.” Devon Zielinski Zielinski first had the idea for VeriToken in 2017 after Hurricane Harvey hit Houston. At the time, he owned USA Restaurant Services, an industrial supply company, and was part of an effort to help rebuild businesses in the city.
Tapping his understanding of blockchain technology helped verify the resumes of 200 people he was hiring. After speaking on this use of blockchain later that year, Zielinski found people in other industries such as health care and government were asking if the platform might apply to their business as well.
The original platform was built with Mark Hopkins, a Dallas IBM Futurist and blockchain enthusiast since 2011, and after realizing the platform’s broader appeal they shifted to an industry-agnostic protocol layer approach with VeriToken. The full team now includes Zielinski, Hopkins, Anne Ward, former Apple designer and founder of CircleClick, and Rob Gonzalez, the founder of the first cryptocurrency trading companies in Texas. Read more from dallasinnovates.com…
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