Review on VideoCoin by Syed Adnan
A straightforward approach to tackle the problem of document fraud.
Considering the strong team behind the project and the significant percentage of video traffic that is dedicated to the videos, it is undoubtedly a project to watch.
ο»Ώ
Pros
- It utilizes a user-friendly process,which only takes seconds to carry out for all parties involved.
- Provide trusted peer-to-peer video processing, distribution and storage.
- The verification side of this process doesnβt require a fee.
- V-ID meets Data Protection (GDPR) standards, as no copies of examined files are being stored.
- Exclusive payment option for validation and verification services.
Cons
- Due to the potential size of the market for blockchain based verification services, there are already a growing number of existing players in the field. (Civic, Adobe, Docu-Sign and Factom).
