SAN FRANCISCO--(BUSINESS WIRE)--Veritoken Global today announced the start of its SEC-approved ERC-884 security token offering (STO) to further the company’s mission to bring data control, privacy, and protection to U.S. investors. Veritoken is facilitating adoption of non-fungible tokens (NFT) to the blockchain by establishing new industry standards, as outlined in their recently published Veritoken Global Bill of Rights. The company’s mission and its patent-pending NFT solution represent a path to ownership of individual data on the blockchain, enabling humans to determine what data is private, public, and the terms under which it may be used. The Veritoken STO offering begins April 3, 2019, the first to be led by a woman CEO.
“When it comes to personal data, it's time to take our power back. The foxes have been watching the hen house for far too long. It could even be too charitable to say that anyone's been watching. We can argue whether these big tech companies are wrong, or maybe the model is wrong, but it's clear we need to be creating new paths for individual data ownership,” said Anne Ahola Ward, CEO, Veritoken Global. “At Veritoken Global, we're building tools to facilitate the growth of the NFT ecosystem, thereby enacting the promise of what blockchain was meant to become.”
Returning Data Control, Privacy and Control to the People
Veritoken Global is focused on authenticating data and assets, providing full verification to return power to individuals and businesses by protecting their personal data during transactions–ensuring security and safety of assets. The company is also building a common language for NFTs to improve the understanding and the utilization of NFTs between businesses. By applying Veritoken’s best practices, businesses will be assured they have full transparency of personal data and are not compromised.
Veritoken Global’s ERC-884 STO is designed from the ground up to be compliant with corporate and securities law, making it a specific type of STO: an equity bearing security token offering.
“Imagine a future where consumers can monetize their personal data, private financial data, and even health records. That future is now,” said Mark Hopkins, CTO, Veritoken Global. “Securing personal data on the blockchain with non-fungible tokens represent a new paradigm for data security, privacy and control; a new way for businesses to ensure higher levels of data protection; and for consumers to share and even monetize their data to the degree they choose.”
According to Monica Puchner, CEO of Hilo.io, “Veritoken Global has all the ingredients for success with a world-class leadership team, deep understanding of the industry from both user and business perspectives, and the ability to provide a trustworthy ecosystem while mitigating risk. I believe the company is poised to be one of the breakout STOs of 2019.”
The Veritoken Global leadership team is comprised of Anne Ahola Ward, CEO, a renowned futurist, growth scientist, O’Reilly author, and recognized leader in the blockchain industry; Mark Hopkins, IBM Futurist, blockchain evangelist, and data expert; and leading finance, blockchain, scientist, and Fortune 500 C-level executives all rallying behind the company and its mission.
Funds raised from the Veritoken STO will enable the company to scale and to meet accelerated demand for NFT tools. By creating better tools, Veritoken will continue to lead the NFT market providing best data privacy practices detailed in the Veritoken Global Bill of Rights.
About Veritoken Global
Started in 2018, Veritoken Global verifies everything from products to data to people, utilizing blockchain technology to ensure security and safety. Veritoken Global is one of the first companies to successfully utilize non-fungible tokens (NFT), taking the blockchain-based technology made known by the illustrious CryptoKitties into something tangible for businesses: verifying products, data, and assets. Additionally, Veritoken Global is helping to build a common language for NFTs to continue to improve the understanding and utilization of NFTs between businesses. For more information, visit veritoken.io.