VERYFILE

SUMMARY
VeryFile takes the effort to offer an absolutely customized decentralized contract solution to solve security, tracking, payment documentation, data accessibility and monitoring issues related to any sensitive documents and files.

Here are a few highlights of Very File:
• Enterprise File Managemnet Market size is expected grow from USD 31.66 Billion in 2017 to USD 67.14 Billion by 2022
• The compound growth rate is expected to be 16.2%

Major vendors offering ECM Solutions and Services:
• Microsoft Corporation - US
• IBM Corporation - US
• Hyland Softwaer, Inc – US
• Open Text Corporation - Canada
• Oracle Corporation - US
• Alfresco Software, Inc - UK
• Everteam - France
• Fabasoft – Australia
• M-Files corporation – US
• Laserfiche – US
• Xerox Corporation – US
• Newgen Software Technologies Ltd – India

Very File assures to present highly secure technology, which can also securely automate countless services for a business. This may also include transferal of documents from workers to workers, from business to business and more. The access to these documents will be controlled and tracked.

Core Mission of Very File
The ultimate mission of Very File is to leverage immutable and reliable blockchain power to provide a virtual infrastructure services, especially for the individuals and businesses.

Very File Solution
Very File is now creating global blockchain network for highly sensitive file management. It features the customized smart contracts to connect businesses worldwide.
VER token enables on-demand system to solve pressing problems of securing, monitoring and tracking files and documents. This also helps to solve data accessibility issues and risks involved in payments.

Zero knowledge
This is to enable the verifier gain particular knowledge on the subject without the need to give any information other than the evidence of their possession. Thus Very File does not possess personal information of user and guarantee ultimate privacy of document.

Fewer Intermediaries
The smart contracts made can reduce or eliminate reliance on third-party intermediaries providing “Trust” services like escrow between two parties.

Lower Execution risk
The automated transactions are made faster and therefore the chances of manual errors are less. Distributed process of execution will also eliminate the manipulation risk, errors and non-performance.

Reliability
The record keeping system of VeryFile allows simplified digital record creation and data storage on the distributed anonymized or immutable network. This reduces the chances of being hacked or leaked.

System Description
• The blockchain based system of Very File to manage sensitive documents and data allows to store files via decentralized cloud storage system with simplified user-interface
• The smart contract networks further guarantees automating process of creation, file transfers and corporate procedures or the daily tasks easier
• Messaging, services, call, video call, email and other functions are managed easily on this platform in an secured and encrypted way
• The decentralized data storage space allows client company to decide number of node information, and where to store and other details
• It enables unify partner companies network or work groups, which shares information in the part or as a whole
• Protocol enables creating smart contracts through registration of ledger. This Very File feature will simplify creation of documents, automate company procedures like auditing, and transferring, create smart contracts, classify and secure employee identify , trace documents in single transfer and automate processes

User Interface
VeryFile provides user-friendly interface with tutorials and in Future 2FA. Moreover, access encryption provides maximum privacy and security for the user’s accounts.
Personal data is associated to account and several services will be accessed through a guaranteed menu with the chances to upload external file
It makes minor features like private calendars, personal address books, history process logs and many others available.
It enables signing each documents by account itself, however this function is not limited to text documents and done on various types of files, emails and messages.
Instant messaging section allows exchange message between accounts via end-to-end encryption to ensure high level of privacy.

Competitors’ comparison Table

Importance of Blockchain - Why choose Blockchain?
In recent days blockchain is evolving elaborated recorded transactions cryptographically linked with each other. This blockchain can be used to crate non-modifiable record, in a secured way for transactions in the decentralized system.
The nodes in decentralized system will verify blocks in blockchain. Thus preceeding blocks will become permanent.
Blockchain speeds up pre-authorization. It enables timely treatment of files and payment or file transfer to the provider.
Ultimate goal of blockchain is to enable sharing ledger among authorized stakeholders.

Token Ecosystem
Token Technology
VeryFile plans the distributionof ERC20 tokens. This allows contributors to get access and authorization of MVP and many other features too. This token works on Ethereum blockchain.
Ethereum is a popular cryptocurrency and this blockchain system is based on token uses, such as which can be sold, bought and traded.

Here token represents digital assets with various values in it. ERC – 20 protocol is the standard for VeryFile token.

ERC20 is the technical standard, which is used for smart contracts on Ethereum blockchain for tokens implementation.

Advantages of Ethereum Blockchain
• VeryFile system runs on Ethereum blockchain during the developing phase and in the second phase final product is launched in optimized and customized VeryFile private blockchain
• MVP can be chosen to run and distribute token on ethereum blcokchain for its advantages
• Ethereum is capable of executing smart contracts, which enables using cryptocurrency for creating agreements between the parties on blockchain networks
• When the parties enter into an agreement on blockchain network, this network will execute agreement
• Ethereum will allow both permission less and permissioned transactions

Use of Token
• Token as a special frame is passed from node to node around ring network
• When getting to a node, it transmits data and the node changes token to data framed and finally transmits to recipient
• Tokens are important for inner working of token ring network
• It is not possible to handle token as single node at a time
• Bearer of token is allowed to send data around the network to recipient node within the network
VeryFile is a ERC20 based utility token. After the private blockchain is migrated, VeryFile remains utility token and that will be converted with ration 1 : 1.

Features of VeryFile Tokens
• Smart contracts customization, which enables the users to request specific features in the contracts through this VeryFile platform
• Messaging system will enable the access to blockchain based chat inside the VeryFile directly
• Call and video call will enable access to secure calls and video calls directly from VeryFile
• Smart contracts templates will enable the users to access complex standard templates without the technician support
• Premium subscription enable the users to not pay for the transition fees and this is also useful for big organization
• More storage space will enable the users to get free storage space on decentralized cloud through VER tokens
Working Feature of VEER – 1 : 1 migration on private blockchain;

Token Mechanism and Sales Details
The fixed supply of VERY token is 442,500,000 VER. This is defined in cryptographically.

Token information
Token name: VERY Token
Ticker/symbol: VER
Token standard: Ethereum erc20
Price of VER token: USD 0.20
Total supply: 442,500,000

Token distribution
Marketing and Bounty 6%
Private Contributors 11.3%
Advisor Team 7%
Team members 16%
Company Reserve 31%
Public Sale Contributors 28.7%

Sale Proceed Allocation
Fund for Legal and Financial Advising 10%
Veryfile Foundation 40%
Reserve fund 10%
Team members 15%
Fund for Marketing bounty and branding 25%

How to buy Veryfile tokens?
With the help of ETH, BTC and LTC on the pre-sale section of official website, you can easily buy VERY tokens.
On completion of initial sales, VERY tokens will be transferred to wallet, which supports ERC20 tokens.
• VERY tokens Public sale on Q1 2019
• Accepted payment method: ETH, BTC, LTC
• Number of token in private sale: 50,000,000 VER (11.30% of total supply)
• Number of token in public sale: 127,000,000 VER (28.70% of total supply)
• Soft cap: 2.5 M$
• Hard Cap: 24 M$
• VERY tokens are distributed proportionally based upon ETH value contributed per sending address.
• The US based launch accepts contribution from US citizens.
• One VERY token price is fixed at 0.20$ plus possible bonuses
• Participants receive VERY tokens equal in value to ETH contributed
• Market price is fixed at 0.20$ during token sale with the bonus possibility

ROADMAP
Q1 2018
COMPLETED
Business mode Development First Roadmap 1st Financing Round
Partnerships:
M-Accelerate Los Angeles ECMFAD.com by meeting

Q2 2018
COMPLETED
Whitepaper 1.0 / Website 1.0 MVP Modelling
Partnerships: TGE Company Latcom irechnology

Q3 2018
COMPLETED
2nd Financing round White paper 2.0 / Website 2.0
Partnerships: MDSuisse / EnterRrise Consulling / ICO Legal advisor

Q4 2018
Marketing campaign start / Pre-sale launch / New Partnership coming

1st Half 2019
Second marketing campaign start / ICO launch / iOS MVP App release / MVP Browser app release

2nd Half 2019
CRM Activation / Exchange listing / Android MVP App release / Alpha to RTM development

2020
Private Blockchain Alpha Prototype / Beta App Release for iOS and Android Switch 1 :1 from Token ERC20 to new Very Coin
Own consulting group for Veryfile integration

Team Members

For more information
Website : https://veryfile.io/
Lightepaper : https://drive.google.com/file/d/1o-DMYzqUoifWDxFB7XKNZbXB-ez8rZFf/view
ANN Thread: https://bitcointalk.org/index.php?topic=5050325.new#new
Bounty thread : https://bitcointalk.org/index.php?topic=5051006.0

Social media
Facebook : https://www.facebook.com/veryfile/
Twitter : https://twitter.com/veryfilechain
LinkedIn: https://www.linkedin.com/company/veryfile/
Reddit: https://www.reddit.com/u/Veryfile?utm_source=reddit-android
Telegram : https://t.me/veryfilecommunity

WRITTEN BY
K.Siva Arulmani
Bitcointalk Username:@siva1978
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2373654