Did you ever buy stuff on eBay? Were you always 100% confident your new gadgets were going to be delivered, that they were going to be genuine? For most of the answer to the last question is probably quite confident, but not entirely.
You really need to thoroughly understand this business and technology in order to come with a solution. Verify.as is solving that trust issue for you.
How?
Very simple and in a way not possible without Blockchain: It keeps the payment in transit until both parties are satisfied. It also keeps track of reputation, but not In the same way eBay does it, but a lot smarter. Every seller starts with zero reputation and a credit limit of $250. When transactions are made successfully the reputation grows and so does the credit limit.
Verify.as has confidence in the model and gives 100% buyer protection against seller fraud.
This has not gone unnoticed. Verify was mentioned by Forbes as innovative company: https://www.forbes.com/sites/suparnadutt/2017/12/11/fintech-in-mena-at-tipping-point-as-regulators-and-governments-start-taking-it-seriously/#683318282316
It already has a working MVP: https://verify.as/demo and it has a partnership with “Eat”for their services: https://medium.com/@verify.as/verify-announces-partnership-with-eat-d37a6905e3f3
It is no surprise such idea comes from a CEO (Yazin) who sold his previous company to Payfort where he became VP. Payfort then sold it to Amazon.
Combine this with a very low cap of $2.5m and you will understand why Cinderator named them the most promising ICO of the coming period: https://medium.com/@Cindicator/analytical-products-first-insights-e541b415c133
Also no wonder it never got to an ICO, the presale sold out in 90 minutes, even though it was capped to 500 lucky ones.
Other applications will use Verify.as unique proposition. Both on the Blockchain and traditional companies. Just imagine how this would help, or scare, the likes of eBay and Amazon.
Moon Verified.
Yikes, this is what Confido was supposed to do and that was the biggest recent cryptokerfluffle. Blew up in everybody's faces that is.
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Except Verify is not a scam
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Not saying that it is a scam, but that it is alarming that right after people got Jed up on Confido, here comes Confido 2.0...
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Generally there are several ICOs similar to Confido in case of escrow subject like Utrast, Monetha etc. People want to buy things using crypto so there is such need. Unfortunately you can find if ICO was a scam after the fact so almost every startup, which collects that way is potential scam. For some IOTA is also a scam because of some unclear information about M$ cooperation which pumped the price.
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Verify looks extremely promising, hopefully I can buy it on ED right at release at 3-4x .... I need another gem for a long-term hold.
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