metadata: {"signature": "0xe33394c2f3575edfc6c340c17829d9bf3ca310e2b3e2d36775bc070cd5a7efac3c2d26fb0d512c094a282f1e1dc6b61abe020e7bdbc9511b49efa6dfc0adb10f1b", "application": {"round": "0xa0ff8b671ced9d84010cb988bc816afe93bc4731", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "NUIrkJX7odnfI8wyWfC1c1Y4uA35WWLeU9zD3WgOisy4DDNntBogk14groR+vn72", "encryptedSymmetricKey": "c78acf146d98a7fc50a5d052a3c211e8c461bd496eb1aa738620154006961bc9250049b01dc74e77087540106ae9130b2097f34de6c2387a0f8b684733d396c6073202d3e5d3536a9fe76d4e2589d4dbc049e43de96c0071a764a1781dac3499bb693f934300830c296c088d1106adb26fe31cb3584fb59bc3847aa52c8fd50c000000000000002003039b1cdcc5a0136496179a827dcceb6b6f35ddf8a12c5a471f93c2815216e66a51fbdc08e282f9dccc36ddb495a0b7"}}, {"type": "short-answer", "answer": "Bootstrapped", "hidden": false, "question": "Funding Sources", "questionId": 1}, {"type": "number", "answer": "3", "hidden": false, "question": "Team Size", "questionId": 2}], "project": {"id": "0x9bcc4b2b7ef82204508e781897bd261d885b9d303f7e408db29429923635de4c", "title": "verix", "logoImg": "bafkreih7deza3w6t7fhba4shd2i65gy5namjm45bvt4esept6ev5pt6cty", "metaPtr": {"pointer": "bafkreibo432xk7btwunhtx7z5tsgu3d6jx3p7ghg3aath76mgsczh3w7qm", "protocol": "undefined"}, "website": "https://blockfix.app", "bannerImg": "bafkreic7jffs3bfgsqwl2awigmbwxsdcihpitxfpstmie4iig53svcsbri", "createdAt": 1730935390546, "userGithub": "Rectiflex", "credentials": {}, "description": "Verix Token: Revolutionizing Industrial Asset Management through Blockchain\n\nProblem\nIndustrial asset management faces significant inefficiencies, increased costs, and challenges in maintaining asset value. Key issues include:\n\nFragmented Maintenance Records: Maintenance logs and warranty information are often scattered across systems, making it difficult to verify service histories and meet compliance requirements.\n\nCost-Prohibitive Blockchain Transactions: Although blockchain offers transparency and security, unpredictable transaction costs limit its adoption in asset-heavy industries.\n\nWarranty Compliance and Depreciation: Without accessible, verified records, assets can lose substantial value due to unverified maintenance histories and warranty tracking issues.\nSolution\n\nVerix Token (VRX) addresses these issues with a blockchain-based solution fully integrated into our asset management platform, BlockFix. \n\nVerix offers:\n\nGas Fee Optimization: VRX holders enjoy a tiered gas fee coverage model, covering up to 100% of transaction costs, making blockchain transactions financially sustainable for businesses.\n\nImmutable and Verifiable Records: Through BlockFix, Verix enables organizations to maintain digital, tamper-proof records for asset maintenance and compliance on the blockchain.\n\nAutomated Warranty Compliance: Verix streamlines warranty tracking, reducing the risk of value loss due to incomplete records and compliance failures.\n\nEfficient Work Order Management: For service providers, Verix simplifies work order creation and status tracking, enhancing operational efficiency and transparency.\n\nUpdate on Current Development\nWe have bootstrapped Verix from inception and completed significant development milestones, including:\n\nMVP of BlockFix Platform: The BlockFix MVP is functional, featuring a dashboard, work order creation, task tracking, and customizable interfaces for users.\n\nTestnet Deployment of Verix Smart Contracts: Our smart contracts are live on the testnet, incorporating core functionalities like gas fee coverage, asset registration, and service verification.\n\nPlans for Funding\nWith additional funding, Verix aims to:\n\nExpand Platform Capabilities: Further develop BlockFix, adding advanced reporting, analytics, and additional asset tracking features.\n\nBuild Industry Partnerships: Engage with industrial equipment manufacturers, maintenance providers, and warranty companies to integrate Verix into asset-heavy industries.\n\nStrengthen Security: Conduct in-depth security audits and testing to ensure platform robustness.\n\nMarketing and Community Outreach: Promote Verix to attract early adopters and partners, increasing its presence in the blockchain asset management space.\n", "lastUpdated": 0, "projectGithub": "BlockFix-app"}, "recipient": "0x9b1368A29E0b2824094A0faACdb67010E79a316f"}}