TransCrypts Wins Pitchfest at Consensus Hong Kong

Four and half years in the past, when Zain Zaidi was making use of to grad college, he submitted his tutorial transcripts. But, via an administrative error, the paperwork had been misplaced, and he virtually misplaced his place.

Understanding how somebody’s life may very well be altered by not having the ability to show one thing like a tutorial credential, Zaidi got down to try to make it simpler.

Instead of going to grad college, Zaidi began TransCrypts, which helps corporations 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 information about ourselves, we quit one thing necessary about who we’re. “We as consumers can’t actually verify who we are, own who we are,” Zaidi informed CoinDesk Live after strolling off stage.

TransCrypts provides 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 data and tutorial data.

TransCrypts picked up $10,000 in tokens, a trophy and ten teaching periods.

In 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 Technology and Liquidium (each finalists) and semi-finalists Apillon, Domi Chain, GoSats, iBTC, NettyWorth, Tokenyze, Vanilla Finance, and Zypher Network.

The occasion was introduced by Dimitra, a token and toolkit for smallholder farmers.