Aerotrips Portal to Integrate Blockchain

the Aerotrips portal, a project developed by Aeron token, will be integrated with blockchain technology during April 2018
12 April 2018   854

Aeron’s ambition is to make flying safer with the latest blockchain technology. The key features of Aeron are making sure that its blockchain technology ensures that vital log data cannot be altered. Also it provides multi-sig authentication system which guarantees data security. The information is stored in the blockchain, transactions are transparent and can be viewed by all users.

Aeron runs the Aerotrips web portal, which is a blockchain powered global database of aviation services available to prospective passengers or flight school students.

Aeron Blockchain for Aviation SafetyAeron Blockchain for Aviation Safety

According to the roadmap published on the official website of Aeron, the Aerotrips portal will be integrated with blockchain technology during April 2018. The far-reaching plans of the project include introduction of token payments for Aerotrips services, which will be implemented in June, and also movement of database to decentralized and encrypted storage, which is due to come in August 2018.

At the moment of press, these are main market parameters of Aeron:

  • Average Price: $1,07
  • Market Cap: $13 949 130
  • 24h Vol: $4 056 140

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   233

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.