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veriTAG

ICO Ended
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Our vision is to provide a Blockchain and Token enabled food trading and service platform for Safe food at best price with best quality.

Blockchain is a cryptographically secure distributed ledger technology that allows businesses and government to streamline their business processes built on top of a new generation of applications and cross entity services. It provides trust, accountability and transparency by using a shared ledger among the distributed network of participants. We believe the power of the blockchain will fundamentally change the way we interact and conduct business.

We have enabled a food tracking system on blockchain (veriTAG blockchain), allowing key parties to form part of the immutable authentication system.

As mentioned, efficiency is another key area. Food safety via tracking, complements our aim to build an inclusive ecosystem in which veriHUB partners can access this technology in a cost-effective manner. The blockchain platform will provide sellers, buyers, logistic service providers, marketing companies, corporates, financial institutions and government entities easy access to a platform that provides smart contracts, trade services, certification services, trade payment and trade finance. Ultimately, our goal is to be the Alibaba for food, bringing in real quality food into China.
6.2
TOTAL SCORE
8.5
ICO PROFILE

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SOCIAL ACTIVITY

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General
Website: Visit
White paper: Read
ICO Time: 15 Nov 2018 - 15 Jan 2019
Whitelist/KYC: Whitelist + KYC
Country: Singapore
Token info
Ticker: VTAG
Platform: Ethereum
Token Type: Utility
Available for sale: 700,000,000 VTAG (70%)
Financial
Raised $ 523,000
ICO Price: 0.0105 USD
Accepting: ETH, BTC, Fiat
Soft cap: 2,500 ETH
Hard cap: 25,000 ETH
2013
veriTAG


- Developed veriTAG embedded Cloud tagging solution.

- Setup and develop veriTAG for semiconductor.
2015
veriHUB


- Setup and develop veriHUB building upon veriTAG success.

- Developed veriHUB, one stop food import hub solution for China.

- Focus on one stop solution for China
2017
veri$HOP


- Ink MOU with Y32 and Digitnexus to enhance services on veriHUB and to go on board blockchain.

- Develop and launch veri$HOP.

- Developed veri$HOP, a WeChat mini app that links customers with merchants for shopping and interactions.
2018 1H
- veriTAG goes on blockchain

- veriHUB 3.5 upgraded to PSG under IMDA

- Sign MOU with Rizon to extend on blockchain and logistic services in China ChongQing

- Sign agreement with 17 Flash store (an unmanned technology provider under tencent company) to be part of the offline channels on veriHUB 3.5
August 2018
veriTAG Blockchain for food tracking


- Setup veriTAG blockchain and API Gateway;

- Developed veriTAG blockchain smart contracts;

- Developed APIs for veriTAG blockchain smart contracts.
2018 Q3
- Ink agreement with SMF (Singapore manufacturing Association) to provide veriHUB services to its members (> 3000)

- In development with 3 seafood associations in Singapore to set up Poseidon, a veriHUB ecosystem for seafood

- In development with Halal Science Center to bring Halal on blockchain through veriTAG and Thailand Halal products through veriHUB to China (veriHUB Thailand)

- Formation of GFCA (Global Food chain Alliance), a food ecosystem on blockchain to share resources for growth and token interoperation. 6 founding members are veriTAG, NULS, Morpheus Lab, Reefic protocol and Sakae Fintech
December 2018
veriHUB Blockchain for food supply chain phase 1


- Setup veriHUB blockchain;

- Develop Token Exchange within veriHUB blockchain;

- Develop veriTAG wallet;

- Develop token smart contract;

- Enhancements for veriTAG blockchain.
2018 Q4
- Bring MUIS (Singapore Halal certification) onto veriTAG blockchain

- Setup 17 unmanned stores in Chengdu China and Singapore

- Establish Singapore booth into Ito Yokado, Isetan and G super in Chengdu

- Establish collaboration linkup with Chengdu Food and Beverage Associations

- Launch of vtag ICO
March 2019
veriHUB Blockchain for food supply chain phase 2


- Expand veriHUB blockchain network;

- Enhance Token Exchange within veriHUB blockchain;

- Enhance veriTAG wallet;

- Develop veriHUB blockchain smart contracts for food supply chain.
2019 Q1
- Schedule to release veriHUB on blockchain in Dec 2018 with e-wallet for token interoperation

- Embark veri$HOP onto Reefic protocol token program. veri$HOP credit points can be used to exchange rewards points for restaurant use in Singapore and Malaysia

- Setup veriHUB Thailand for export of Singapore products to Thailand and Thailand products to China

- Work with HSC in Thailand to bring Thai halal onto veriTAG blockchain
2019 Q2
- Bring veri$HOP onto blockchain

- Setup veri$HOP in Singapore and extend token to use in Singapore by consumers and merchants and through collaboration with Sakae
September 2019
veriHUB Blockchain for food supply chain phase 3


- Future enhancements;

- Bring veri$HOP onto blockchains.
2019 Q3
- Series A fund raising

- Setup veriHUB Vietnam for export of Singapore products to Vietnam and Vietnam products to China
2019 Q4
- Extend veriHUB operation from Chengdu to Chongqing, Guangzhou, Beijing and Shanghai.
Screenshots taken 31 Oct 2018
Jason Lim
CEO
Patrick Chong
CIO
David Peter
CTO
Duong Van Sang
Blockchain Lead
Virginia Tan
Head of Marketing

Advisors (9)

Evan Guo
Founding Advisor
Hu Ke
Founding Advisor
James Ong
Founding Advisor
Chuang Pei-Han
Founding Advisor
Branson Lee
Founding Advisor
Kazutaka Mori
Advisor
Bruce Lu
Technology Advisor
Jeffrey Tan
Advisor
Yumi Kitahama
Advisor
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