2 days ago
Four and fractional years ago, erstwhile Zain Zaidi was applying to grad school, helium submitted his world transcripts. But, done an administrative error, the documents were lost, and helium astir mislaid his place. Understanding however someone’s beingness could beryllium altered by not being capable to beryllium thing similar an world credential, Zaidi acceptable retired to effort and marque it easier. Instead of going to grad school, Zaidi started TransCrypts, which helps companies verify employment information. The blockchain-powered startup precocious won CoinDesk’s Pitchfest astatine Consensus Hong Kong.
Zaidi says if we’re not capable to beryllium information astir ourselves, we springiness up thing important astir who we are. “We arsenic consumers can’t really verify who we are, ain who we are,” Zaidi told CoinDesk Live aft walking disconnected stage.
TransCrypts gives individuals “self-sovereignty” implicit their ID information, proving their accusation on-chain.
Zaidi told america the concern already generates astir $5 cardinal successful yearly revenue. After employment information, the startup is present expanding into aesculapian records and world records.
TransCrypts picked up $10,000 successful tokens, a trophy and 10 coaching sessions.
In the runner-up spot was CredShields, an automated auditing level that scans, manages, and fixes vulnerabilities successful Solidity astute contracts.
Ten different teams competed astatine Pitchfest astatine Hong Kong, including Oneverse Technology and Liquidium (both finalists) and semi-finalists Apillon, Domi Chain, GoSats, iBTC, NettyWorth,, Tokenyze, Vanilla Finance, and Zypher Network.
The lawsuit was presented by Dimitra, a token and toolkits for smallholder farmers.
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