Verif-y Inc., an identity and credential verification platform, has announced the launch of its token pre-sale, followed by a crowdsale on the 5th of October, 2017. The platform is designed to provide a strong and reliable solution for people to use as the increase in connectivity that comes with blockchain and IoT necessitates a method to establish identification, as well as to reduce costs. Proceeds from the token sale will go to further develop the identity and credential solutions and protocols.
In order to facilitate this, Verif-y is expanding the development of the blockchain-based, digital identity solution layer of its commercially available credential and employment verification platform. Verif-y’s services improve the protection of Personally Identifiable Information – PII. By using Verif-y, users can own, manage and communicate their digital identities and verified credentials. Customers such as educators, employers, licensors, etc. are expected to benefit from an increase in control and efficiency.