VERA's Bold Move: Blockchain-Powered B2B Messaging to Crush Impersonators!

Hold onto your seats, folks! VERA, the South African B2B communication beast, is gearing up to revolutionize the game with blockchain-powered verified identities in messaging. You heard that right, it's time to kick those pesky impersonators to the curb!

The biz world is drowning in a sea of security nightmares, with scammers running wild like never before. But guess what? On Tuesday, June 10, VERA dropped a bombshell, announcing their master plan for a secure messaging platform that's gonna shake things up using the power of blockchain tech.

Starting off hot in South Africa, VERA's platform will let businesses flex their verified identities, giving scammers the boot. We're talking an estimated 3.4 billion fraudulent emails flying around daily, but not on VERA's watch! They've teamed up with the credentials champs, cheqd, to handle the identity verification game.

Max Coleman, VERA's co-founder, didn't hold back, saying, "At VERA, we're all about secure and verifiable communication. With cheqd's sick infrastructure, we're not just protecting convos, but proving who's who in a way that's scalable, respects privacy, and is ready for whatever the future throws at us!"

Once users lock down their contact info, they'll score a digital identity that's etched onto the blockchain. VERA's promising instant verification that's tamper-proof and immutable, so you know it's legit!

Businesses Brace for Impact as Scammers Ramp Up the Heat

VERA's secure chat platform isn't messing around when it comes to shielding businesses from those nasty scams. Fraser Edwards, the co-founder and CEO of cheqd, pointed out that fake invoices are a major headache, but VERA's got the cure.

Fraser Edwards, cheqd's head honcho, laid it out, "VERA's tackling a real-world nightmare that hits every company out there: invoice manipulation fraud. We get hit with sketchy invoices via email every week, trying to pull a fast one on us. But with VERA's solution, every company and individual on the platform is verified, so you know it's the real deal!"

Africa's feeling the heat big time, with scams and phishing attacks running rampant. Check Point's report dropped the bomb that one in 15 African orgs faced a ransomware attack every week in Q1 2023. But VERA's not backing down! They're rolling out a beta launch aimed at South African companies, ready to go live by the end of August. And that's just the beginning, with plans to expand to the EU, U.S., and U.K. hot on its heels.