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HUMAN Protocol Foundation Awards Grant to VeritaTrust to Build On-Chain Rewards for Reviews

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Georgetown, Cayman Islands–(Newsfile Corp. – May 10, 2022) – Today, HUMAN Protocol has announced that it has awarded a grant to VeritaTrust to power on-chain reviews.

https://www.humanprotocol.org/

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Following the announcement of HUMAN Protocol’s $10 Million funds dedicated to grants, this work with VeritaTrust represents their very first grant awarded since the inception of this program.

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VeritaTrust is seeking to reward reviewers with cryptocurrency for their reviews on products and services; and to use blockchain technology to track the reviews, as well as the corresponding reputation of reviewers. The VeritaTrust project is expected to ramp up the on-chain activity for HUMAN Protocol; and offers new utility to the Protocol’s native token, HMT, which will be used to reward reviewers.

“It is a highly compatible partnership,” said Andreas Schemm, who heads up the grants program for HUMAN Protocol. “We are delighted to be working with the VeritaTrust team; to fund their work as they seek to build using our blockchain technology and reward mechanisms to improve e-commerce solutions.”

Brahim Ben Helal, founder of VeritaTrust and former Director of Strategic Development at Trustpilot said: “HUMAN Protocol share our vision of rewarding contribution. So far, they have successfully brought hCaptcha on-chain to allow people to earn for their ‘clicks.’ Their method of evaluating and paying out micro-work on-chain is a great solution for our needs; by leveraging this technology, we can pay out reviewers automatically on-chain thanks to the power of smart contracts.”

About HUMAN Protocol

HUMAN Protocol is a broadly applicable solution to the management of distributed workforces. It started by bringing hCaptcha – the bot blocker – on-chain, to reward individual workers for the key ML work they were completing by solving these CAPTCHAs. This, however, has become a more broad solution to the tokenization of any contribution; and, therefore, the ability to orchestrate the management of that work, the evaluation of it, and the reward of micropayments to many individuals.

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In this sense, reviews are just another form of work, or value contribution, that can be rewarded via blockchains. HUMAN anticipated the applicability of such a project in their blog release about the potential of projects, like VeritaTrust, made possible by blockchain technology.

About VeritaTrust

VeritaTrust helps e-commerce businesses to improve the online shopping experience. With 9 out of 10 people checking reviews before purchasing online, there has never been more value to merchant or product reviews. By providing trusted reviews on the blockchain, they hope to help reduce cart abandonment, and boost conversion rates and loyalty.

VeritaTrust collects customer reviews to help brands reward customers. They employ blockchain, A.I and machine learning, to create a plug&play SaaS solution to build a complete customer review strategy.

Contact Information:
Dan Edelstein
[email protected]

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123224

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Bybit Invites Traders to Embark on a Token Treasure Hunt

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Bybit Invites Traders to Embark on a Token Treasure Hunt

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Blockchain

India Electronic Contract Services Market to Worth Over US$ 624.33 Million By 2033 | eSignature Demand Among Financial Institutes to Remain High Says Astute Analytica

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Blockchain

UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

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The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

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“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.

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