Velix.ID

Velix.ID is a platform addressing the inefficiencies of contemporary identity verification methods, aiming to enable frictionless identity verification across the globe. The current processes are slow, incurring substantial financial losses for businesses and individuals while also risking compromise of personal information. The lack of a proven trust-framework has hindered disruption in the space. Velix.ID seeks to bridge this gap by establishing a secure, trustless, transparent, decentralized, and cost-efficient ecosystem for identity verification. The vision is to empower individuals to control their personal information and its disclosure, facilitating seamless exchange of verified identities between businesses and organizations with real-time user consent. Leveraging blockchain Smart Contracts, Zero Knowledge Proofs, and the Stellar Consensus Protocol, Velix.ID aims to optimize time and cost resources for both businesses and consumers. Additionally, the company plans to develop NFC-enabled ID cards, devices, and software for entry-restricted areas such as offices, educational institutes, or metro stations. Founded in 2017, Velix.ID operates in the Analytics, Blockchain, Cyber Security, Privacy, and Security industries. Currently, there is no publicly disclosed information on the company's last investment or investors.