ICO Today Magazine News
VeryFile is a blockchain network aims to create a service of file management with a vision to 'leverage the power of immutable blockchain to provide a virtual infrastructure for business and individuals’. Essentially, all internal documents are encrypted and stored within decentralized blockchain network that eliminates all the risk from data leaking, and excessive cost due to the absence of intermediaries. It exploits peer-to-peer file management with utilization of smart contract which gives user an ability to automatize entire business procedures, enhancing efficiency of internal management while maintaining an ability to trace the origin and transfer of the documents without giving away privacy to those outside the network. The services offered by VeryFile also come with internal ecosystem management to help accelerate every business task in a more secure way where all activities will be recorded and monitored within network.