What do you people think about veritaseum?

[susli]

From what I can gather, their system can be used to “tokenize” the assets on a case by case basis and then allow people to trade the tokenized assets using smart contracts. There are other coins that aim to do the same thing. The point is to cut the cost of the middle man. They are aiming at the global derivatives market. It already went up almost 300x from ICO. The beta platform is releasing next month so i’ve read.

Just wondering what you people think of it, as everything around it seems overly complicated and shady, just like its name, but at the same time there are a lot of people swearing by it that it can disrupt the financial market.

 

Edited February 19, 2018 by susli