1. Tell us about what you’ll be presenting at Expand North Star 2023?
Our main focus will be to present our product ProofEasy.
ProofEasy ensures fraud-proof documents and enables instant, secure & automated verification using patented blockchain technology, eliminating costly manual checks.
ProofEasy offers a seamless and reliable solution for credential verification, ensuring the authenticity and validity of professional certifications, academic degrees, and other credentials. It also provides secure and tamper-proof verification for important documents such as legal papers, lab reports, and real estate documents, ensuring their integrity and preventing any form of tampering.
2. What makes your product or service truly unique and why will investors, VCs, incubators, accelerators, and show visitors love it?
ProofEasy holds a competitive edge in the market due to several factors. Firstly, the product is built using VeriDoc Global patented technology that automates blockchain verification, ensuring a secure and efficient process. The unique combination of QR code, document hash, and blockchain technology sets ProofEasy apart, providing a distinctive verification approach. By eliminating the need for third-party intermediaries, ProofEasy streamlines the verification process to mere seconds, enhancing efficiency for users.
Another competitive advantage lies in our unique expertise in integration. The founding partners possess over two decades of experience in the technology industry and have a deep understanding of software integrations. Our expertise allows ProofEasy to seamlessly integrate its solution into existing software systems, maximizing its value for customers.
Additionally, we are one of the first blockchain-based verification solutions, providing a first-mover advantage. This early entry into the market has allowed ProofEasy to establish itself as a trusted provider and build a user base of over 2,000+ registered users. The company has successfully secured over 25,000 documents using its platform, demonstrating its effectiveness and market acceptance.
Overall, ProofEasy's underlying patented technology, unique verification process, expertise in integration, and first-mover advantage contribute to its competitiveness in the market. These factors position the company as a reliable and innovative provider of blockchain-based document verification solutions.
3. Are you planning to launch any products or services, demonstrate any technologies, or sign any partnerships during the show? Please provide details to help us amplify your presence.
We will be demonstrating ProofEasy and other technologies/products related to blockchain document verification (for e.g. VeriDoc Sign)
As for partnerships, we are currently seeking assistance from the Dubai chamber of commerce to assist us with getting potential channel partners in Dubai who would be interested in reselling our products and services in Dubai. If we do find the right partners, we can do the announcements in these events.
4. Which sectors will grow significantly in the start-up ecosystem in 2024 and why are investors looking at these sectors?
In my personal opinion, AI/ML, Renewable energy, sustainability and Blockchain are some of the sectors which will significantly grow.
Investors are drawn to these sectors due to their high growth potential, disruptive innovations, and addressing pressing societal challenges. Artificial Intelligence and Machine Learning offer transformative applications across industries. Renewable Energy and Sustainability align with growing environmental concerns. Blockchain hold potential beyond finance. Document verification, traceability, E-commerce and D2C Brands tap into digital retail trends. Fintech and Digital Payments offer financial inclusion and convenience. Investors typically seek opportunities in sectors that demonstrate scalability, market relevance, and the potential to generate substantial returns on investment.
5. Which regions do you believe will thrive the most in raising funds for their start-ups in 2024 and why?
In my opinion, Silicon Valley, Southeast Asia, Inda will thrive most in raising funds.
Silicon Valley - It’s an IT innovation hub and highly renowned for its established network, ecosystem and skilled talent.
Southeast Asia - These regions have a very youthful population, a high surge in internet usage and growing adoption of digital technologies.
India - Has abundant & skilled tech resources and a growing middle class. The adoption of technology, growing internet usage and a large population are some of the other reasons.
6. How important is the Middle East and Africa for your business, and what is your growth strategy in the region for the coming years?
Some of the Middle East countries are leading or ahead of the rest of the world in adoption of emerging technologies. This is why we see a large potential for revolutionary products and services like ProofEasy. Besides that, the Middle East serves as a gateway for Africa and a lot of African countries have offices/operations in the Middle East.
Governments and businesses in the MEA region have been increasingly focused on digitization and adopting emerging technologies. Blockchain's potential to enhance transparency, security, and efficiency aligns with the region's digitization goals. Many countries in the MEA region have large unbanked or underbanked populations. Blockchain can enable financial inclusion by providing access to financial services through decentralized applications. Some countries in the region have shown a proactive approach to blockchain adoption, with governments exploring or implementing blockchain-based projects and regulatory frameworks. For e.g., Nigeria recently announced a National policy for Blockchain (https://www.coindesk.com/policy/2023/05/04/nigeria-approves-national-policy-to-create-blockchain-powered-economy/)
Our growth strategy is to build a channel partner/reseller network in the Middle East and Africa. We may consider opening an office in the Middle East in future if we get the right kind of traction and partners.
Our immediate interest would be to look for suitable companies in the following fields (Tech companies):
c. Education institutions Software providers: Partner with universities and academic software companies to offer secure and tamper-proof document verification for academic certificates and transcripts.
a. financial institutions Software providers: Collaborate with software providers for banks, insurance companies, and other financial institutions to integrate our document verification solution into their existing systems to prevent fraud and enhance security.
b. Healthcare software providers: Partner with healthcare providers and medical software companies to secure sensitive patient information and medical records using blockchain technology.
c. Government agency software providers: Collaborate to ensure secure and tamper-proof document verification for various processes, such as legal and regulatory compliance.
d. Real estate industry: Collaborate with real estate software companies to provide secure and tamper-proof document verification for real estate transactions and property ownership records.
7. In which ways can AI help startups reach new levels of efficiency and excellence and how is the world’s next big tech shift supporting the growth of companies in your industry?
AI can revolutionize a lot of industries by automating tasks, ability to make better decisions because of data analysis. Delivering personalized experiences using ML is another key benefit. Customer support /services is another area that will benefit as AI can help to boost efficiency and achieve excellence.
Tech Shift in Blockchain Industry; The upcoming tech shift in blockchain technology is enabling efficient transaction procession, improved interoperability and many others. For e.g., in the blockchain space this is achieved using Layer 2 blockchain technology. With Smart Contracts and DeFi there are many new possibilities that have opened up. These developments, in my opinion, will help blockchain startups like us to build real world blockchain solutions faster and cheaper.
8. How do you see the regulations for fast-growing digital sectors such as finance/banking and Web 3.0 services, and how do you believe startups should prepare for it?
As governments are putting in regulations & frameworks around Web 3.0 technologies, the industries will mature. Startups should keep themselves updated on these evolving frameworks & regulations and build their products and services around it. This will help to get trust from customers and investors in this dynamic space.
9. Anything else you’d like to add?
Case Studies (Success Stories in the Industry)
Prevent Document Tampering of Reports
Medical Industry - Medical Certificates
Securing Educational Certificates
Shipping Industry - Issuance of checklists and documents
Audit Firm - Secure Financial reports
Use Cases (Possible application of technology):
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