Velix.ID Partners With Blockchain e-Commerce Startup Bazista

NEW DELHI, January 31, 2018 /PRNewswire/ --

Velix.ID and Bazista announce strategic partnership between the two companies towards the common cause of improving consumer services in the e-commerce sector. Both companies will work in a synergy towards integrating the Velix.ID Ecosystem for frictionless identity verification and sharing with Bazista, a decentralized ecommerce platform utilizing advanced technology.

Bazista is an online marketplace, which utilizes cryptocurrencies and digital assets as the payment instrument. The company puts large favor on new technology like blockchain, Augmented Reality/Virtual Reality, and artificial intelligence as a means to overcome some of the key barriers to e-commerce growth. Bazista has currently started the second round of their ICO, working to ensure that the platform is ready and launched by the end of 2018.

Velix.ID is a platform to enable frictionless identity verification across the globe. It allows for a seamless exchange of verified identities between businesses and organizations near-instantly, with the explicit consent of the user, that can be obtained in real-time. Utilizing blockchain technology, Smart Contracts, Zero Knowledge Proofs, and Stellar Consensus Protocol (SCP), Velix.ID is building an ecosystem that optimizes time and cost resources for both businesses and consumers to their maximum potential. The token pre-sale of Velix.ID began on January 27, 2018.

On the strategic partnership between Velix.ID and Bazista, Vakhtang A., CEO of Bazista - highlighting the importance of the partnership - said, "This partnership with Velix.ID will help us to create an easy and intuitive shopping experience  -  registration, signing - in and typing in order information is probably some of the most annoying things to come across in e-commerce, thankfully this barrier can be easily overcome today."

Manav Singhal, CEO of Velix.ID, highlighting the importance of the partnership, said, "The primary utility of VXD tokens is to enable secure and efficient sharing of verified identities across businesses and consumers. E-commerce is definitely one of the prime areas currently where a lot of identity mismanagement happens, not to mention the financial costs dissipated in the repetitive process of signing up on various e-commerce platforms. Advanced technologies such as Artificial Intelligence and Blockchain will revolutionize online marketplaces, and Bazista is a right step in this direction. We believe that integration of a decentralized Identity Verification and Sharing Ecosystem such as Velix.ID will further improve the consumer experience in the e-commerce sector."

For more information, visit: https://www.velix.id/,see our Whitepaper, and follow us on Telegram, Twitter and Blog

Read the BitcoinTalk ANN Thread: https://bitcointalk.org/index.php?topic=2721724

Media Contact:
Neer Varshney
[email protected]
+91-8105080685
Head Of Communications and Outreach, Velix.ID