Vera communication platform uses blockchain technologies to bring verified identities to B2B messages.
Business communication is confronted with important security challenges, in which simulators are unbridled. For this reason, on Tuesday, June 10, the B2B communication platform Vera plans for a safe message platform powered by Blockchain Technology announced in South Africa.
The platform, initially aimed at South Africa, will enable business users to verify their identity, thereby avoiding companies, which send an estimated 3.4 billion fraudulent e -mails every day. Identity verification will be handled by the Cheqd reference service.
“At Vera we believe that safe communication should also be verifiable. Cheqd’s infrastructure enables us not only to protect conversations, but also to prove the identity of participants in a way that is scalable, privacy-re-specific and future,” said Max Coleman, co-founder of Vera.
As soon as users verify their contact details, they receive a digital identity that is recorded on the blockchain. According to Vera, this will make immediate verification possible and ensure that the identity is sabotage-proof and unchangeable.
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Companies have increased risks of scammers
The secure chat platform is intended to protect companies against common scams. Fraser Edwards, co-founder and CEO of Cheqd, pointed to fake invoices as a frequent attack vector.
“Vera solves a real problem that influences ourselves and every company worldwide: bill manipulation fraud. Every week we receive invoices per e -mail that try to cheat us. The solution from Vera ensures that every company and individual on the platform are verified,” Fraser Edwards, Cheqd.
Africa is confronted with a particularly high risk of scams and phishing attacks. According to a report from CyberSecurity Firm Check Point, one in 15 organizations in Africa had a ransomware attempt every week in the first quarter of 2023. In response, Vera carries out a beta launch that is aimed at South African companies. The company plans to go live at the end of August, with extension to the EU, the US and the UK to follow.
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