/biz/ - Business & Finance

Solutions are in place to prevent the system being overwhelmed if activity grows quicker than expected.

New clients will always get one or more new wallet addresses. If an established client has a new use case an extra wallet is sometimes appointed.


V-ID are in a good position to keep up with future competitors. Next to being first mover, they are also working to establish themselves as thought leaders, with the help of partners who already are thought leaders in their own sector, like CMS, the second largest legal company in the world. V-ID’s collaboration with IBM, and great relationship with oil & gas inspection giant AmSpec will help with this as well.

Most clients pay a dynamic VIDT fee as this represents a fixed fiat fee. A small amount of clients opted for the minimum fee which in effect would mean they anticipate a price increase and wish to hedge against it by paying for the tokens in advance.

New use cases for V-ID are still being discovered, as people approach the team from sectors/businesses they are not aware of. The team are also working on a big step to enable the reach of VIDT to not just grow from their own efforts.


Token is needed for many reasons: client wallets serve as the KYC, ease of use is key for adoption, VIDT allows C-ID to control the prices for validations, all transactions are public and traceable, and because both the transaction validation data and payment are stored in the V-ID smart contract.

The community can help by spreading new and old news through online channels. Also please VOTE for V-ID in the KVK Innovation Top 100 Awards. Anyone connected to businesses, decision makers etc can contact the team with details.