Global StandardsMarkets

Partnership for Blockchain-Enhanced Video Platform

Verasity.io - Blockchain Evolution of Online Video (PRNewsfoto/Verasity)
327views

Verasity, a next-generation video platform built on blockchain enhanced technology, has announced a partnership with Amazon Web Services (AWS). Verasity has been accepted into the AWS Activate program at the Portfolio Plus level – the top tier of the program. The AWS Activate program is designed to provide promising start-up companies with the resources they need to get started quickly and easily on AWS, enabling them to focus on scaling their business instead of worrying about infrastructure. Resources provided by AWS include AWS promotional credits, AWS support, and AWS training.

Verasity is a next-generation video sharing platform designed to transform the online video ecosystem by enabling a direct and transparent relationship between viewers, content creators and advertisers. Verasity’s proprietary Blockchain technology, Proof-of-View (PoV™) creates a transparent economy powered by a new cryptocurrency called VERA (VRA). Verasity’s goal is to liberate creators and online publishers whilst improving the viewer experience for video. Verasity’s protocols will be used across the web integrating video delivery and instant micropayments using VERA, backed with trusted and transparent Proof-of-View (PoV™) Blockchain technology.

Co-founder and CEO of Verasity, David Orman said: “We are thrilled to have been chosen by Amazon as a member of its AWS program and believe that Verasity’s blockchain technology, which seeks to prevent fake views, eradicate bots, and limit fraudulent activity on online video platforms, is the way forward,”

These benefits will further accelerate Verasity’s use of the AWS cloud platform for development and scaling of Verasity’s blockchain infrastructure and architecture. In addition, Verasity provides an online video toolkit enabling businesses to enhance and improve existing global online video offerings with blockchain technology.

Mark Ramberg, part of the Executive Management team at Verasity, commented: “This is impeccable timing for us, as Verasity is on the cusp of significantly scaling our business, which will require a world class cloud platform to meet the demands of our user base,” “Being invited into the AWS Activate program is a testament to the potential that the Verasity solution brings to content creators, advertisers, and viewers. We’re delighted to be one of the first blockchain companies to be accepted into this program.”

The Verasity vDaf (Decentralized Application Framework) blockchain technology is built on modular decentralized components. Combined, these components will be utilised to power the Verasity-based service offerings. The individual components can also power and enhance global third-party online video platforms and OTT services.

Matthew Warner
Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.