Veracity Protocol Selected to Join the Plug and Play IoT Accelerator in California

NEW YORK - Nov. 1, 2019 - PRLog -- Veracity Protocol, the world's first AI solution to securely connect physical assets to digital records, has recently announced that they will be participating in Plug and Play's Winter 2019 IoT program in Silicon Valley.

Out of few hundreds of applicants, Veracity Protocol was one of 20 companies chosen to be part of Batch 11. Being involved and a part of this program allows Veracity Protocol to work directly with Plug and Play corporate sponsors to take on new opportunities. This will also help to accelerate Veracity Protocol's efforts to combat fraud and help reach more companies and people.

As more and more consumer products across different industries continue to be produced globally, it's difficult to seamlessly determine the authenticity of these products. With the advancement of IoT and AI technologies, Veracity Protocol has come up with an interesting solution.

"We're directly addressing the problem of counterfeits and making it possible to instantly authenticate and verify individual or bulk-items thanks to our tech based on computer vision and machine learning. We enable companies to securely bridge the physical and digital worlds. We can authenticate the item itself, without manipulating it or adding external chips," shares Jakub, CEO of Veracity Protocol.

About Veracity Protocol

Veracity Protocol (http://veracityprotocol.org/?source=post_page------------...) brings a new security standard to combat counterfeits and fraud by fingerprinting physical objects — bridging the physical and digital world. We use computer vision and machine learning to create an immutable digital fingerprint of any physical object based on its unique material structure. Anyone can then verify the authenticity in (sub)seconds with a smartphone or regular industrial camera as no proprietary hardware is required.

About Plug and Play

Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in over 25 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 10,000 startups and 280 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 700 networking events per year. Companies in our community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club and PayPal. For more information, visit www.plugandplaytechcenter.com (https://c212.net/c/link/?t=0&l=en&o=2607487-1&amp...).

Contact: hello@veracityprotocol.org