4 and half years in the past, when Zain Zaidi was making use of to grad faculty, he submitted his tutorial transcripts. However, via an administrative error, the paperwork had been misplaced, and he virtually misplaced his place.
Understanding how somebody’s life might be altered by not with the ability to show one thing like a tutorial credential, Zaidi got down to attempt to make it simpler.
As a substitute of going to grad faculty, Zaidi began TransCrypts, which helps firms confirm employment data. The blockchain-powered startup just lately received CoinDesk’s Pitchfest at Consensus Hong Kong.
Zaidi says if we’re not capable of show knowledge about ourselves, we surrender one thing vital about who we’re. “We as customers can’t really confirm who we’re, personal who we’re,” Zaidi informed CoinDesk Reside after strolling off stage.
TransCrypts offers people “self-sovereignty” over their ID data, proving their data on-chain.
Zaidi informed us the enterprise already generates about $5 million in annual income. After employment data, the startup is now increasing into medical information and tutorial information.
TransCrypts picked up $10,000 in tokens, a trophy and ten teaching periods.
Within the runner-up spot was CredShields, an automatic auditing platform that scans, manages, and fixes vulnerabilities in Solidity good contracts.
Ten different groups competed at Pitchfest at Hong Kong, together with Oneverse Know-how and Liquidium (each finalists) and semi-finalists Apillon, Domi Chain, GoSats, iBTC, NettyWorth, Tokenyze, Vanilla Finance, and Zypher Community.
The occasion was introduced by Dimitra, a token and toolkit for smallholder farmers.