What Is Veritaseum?
Veritaseum is the company behind their interesting coin, Veritas. For you to truly understand what
it is, you must know what it is not. According to the company, Veritas is not a security or a similar
offering. Veritas is not an investment and finally it is not a digital currency. So, now that you are
clear on what it is not, let’s get to what it is.
Veritias is supposed to be intellectual capital abstracted into a final tradeable commodity.
That’s quite a cloudy concept, let’s break it down further.
How does Veritas work?
The technical documentation of Veritas is intriguing too, the tech is comprised of an API, matching
engine and settlement engine.
Matching engines and settlement engines are not unique, these components are fundamental aspects
of any cryptocurrency.
The documentation goes onto say that what’s under the hood is “arbitrary derivatives with secret
sauce, not telling, not the droids you’re looking for and finally, “move along”.
The technical documentation continues with their patents and their pending patents which are “cool
technical sounding stuff on how to do amazing things with the blockchain that you’ve never heard
of before goes here.”
Making Veritas either the most advanced cryptocurrencies in the world or the least one of the most exciting prospects
Nuts and Bolts
The primary product or service that the company is offering is their Veritaseum Joint Venture
Digital Asset Exchange. A joint venture that is supposed to work with the top ten global stock
exchanges. The platform beta was supposed to be released on October 17, 2017. The final
Veritaseum P2P OTC direct direct value trading is supposed to be released in the fourth quarter of
The platform may need to have authorization from regulatory watchdogs like the Securities
Exchange Commission. For which, at the present moment, the company does not have the
Fundamentally, the company is positioning itself as a software based consulting firm that has not
issued any securities thus not needing to comply with the SEC, but this is something that must be
It aslo seems that they will be running a centralized platform until they are able to implement
VeADIR, a hundred percent autonomous, peer to peer platform.
Veritaseum seeks to Veritize the world. Allowing for many to tokenize an asset and list it on digital
Reggie Middleton is the Chief Operating Officer of the company, he has advised thousands of
investors, traders, hedge funds and global banks. He has been featured on The Keiser Report,
Boom Bust, Bloomberg, BBC and CNBC.
Patryk Dworznik is the Lead Engineer. Patryk is a Full Stack Developer and Engineer, developed the legacy Veritaseum Java client,
Manish Kapoor is the Lead Analyst. Manish is a certified International Analyst and Forensic Accountant, served as Asst. Director &
Manager with CRISIL/S&P, Price Waterhouse Coopers & Deloitte. Manish has worked with Reggie
for 10 yrs in predicting the fall of Bear Stearns, Lehman Brothers, General Growth Properties and
the European sovereign debt crisis.
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