LOS ANGELES, July 14, 2020 /PRNewswire/ — Veritable Data Solutions, Inc. has appear its blockchain-powered smartphone app, alleged Veri-Lock™, to notaries nationwide. The app enables notaries to anticipate appellation annexation from aged and added accessible victims, a abomination that takes an estimated $500M annually from homeowners, lenders, and appellation allowance companies.
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Even admitting high-quality affected IDs accept become ubiquitous, notaries are still accepted to do the absurd assignment of acceptance identities with their naked eyes. Further, notaries accept no way to anticipate fraudsters from artlessly accomplishment their signatures and stamps on deeds, admiral of attorney, and added important documents. When artifice does occur, board about accept few leads with which to acquisition the perpetrators.
Co-Founder David Fleck explained: “Sadly, victims of appellation artifice rarely balance their money and accord of mind.”
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Veri-Lock™ empowers notaries to become gatekeepers who absorber homeowners from absolute acreage scams. No best will notaries be bamboozled by affected IDs because Veri-Lock™ puts cutting-edge character analysis technology on their phones. Veritable additionally developed its own permissioned blockchain for the Veri-Lock™ app appliance HyperLedger Fabric, which it uses to ensure the actuality of notarized documents.
“Making the accomplishment to anticipate artifice afore it happens, which this appliance does, is a bigger and abundant beneath cher band-aid than investigating it afterwards it happens,” said Robert Broshears, who is a retired Supervisory Special Agent and is an adviser to Veritable. Mr. Broshears oversaw the FBI’s absolute acreage artifice investigations civic during the mortgage crisis.
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Veritable Data Solutions, Inc. was founded in 2019 by David Fleck and Allan Martia. Mr. Fleck is a 23-year California advocate and above white collar bent prosecutor. He is an able in absolute estate-related frauds. In 2008, he wrote legislation that fabricated it easier to arraign California notaries who carefully abusage their stamps. (Assembly Bill 886, Runner.) Mr. Martia has been a absolute acreage developer/contractor/builder back 1970. In the 1990s, he founded a software aggregation that was after acquired. In the 2000s, he was the victim of an abominable con artisan who artificial abstracts and blanket over $10M of absolute acreage disinterestedness from him. That adverse acquaintance became the afflatus for Veri-Lock™.
Allan Martia sighed: “Veri-Lock™ would accept adored me a lot of affliction and money.”
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Veri-Lock™ is accessible on Android phones and iPhones at www.Veri-Lock.com.
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View aboriginal agreeable to download multimedia:https://www.prnewswire.com/news-releases/veritable-data-solutions-inc-empowers-notaries-with-blockchain-301092545.html
SOURCE Veritable Data Solutions, Inc.
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