VeraTrust Description
SAM audits are revenue motivated. These annual audits are expected to bring 30% of vendors' profits. Audits are increasing in popularity, with 66% of companies that Gartner surveyed revealing they had received audit requests. VeraTrust offers a visual map of your license landscape and audit reports for reconciliation, evaluation, and SAM self-audits. The process allows you to regain control of your software estate and seize the opportunity to turn waste into innovation. VeraTrust uses a blockchain-based backbone to track software license assets between customer and vendor, eliminating audit disputes and compliance risks. To view the license landscape, access blockchain records. Audit reports can be produced for reconciliation, evaluation, and SAM self audits. This prevents forced hard audits by software vendors.
VeraTrust Alternatives
Comdex
Comdex, a blockchain-based trade platform, is designed to guarantee trust, speed and scalability in trade transactions and settlements. Comdex ties banking structures with advanced technology to revolutionize the $17 trillion commodity trading market. Comdex offers a platform that connects trade financiers, trade settlement and trade workflows management. Comdex is currently in the pilot phase, with trades valued at millions of dollars being processed. Comdex's blockchain uses Persistence, a blockchain toolkit that is suitable for institutional finance. It has the features of immutability and provenance as well as cross-chain communication. The Trade room module: This module allows you to maintain an auditable log of all trade activity. You can negotiate terms, sign contracts and execute trades all from one interface with full transparency and security. The blockchain stores a log of all trade documents and events within a trade area.
Learn more
Coinfirm
Coinfirm has been driving the mass adoption and use of blockchain in the new financial sector since 2016. Coinfirm is a leader in cryptocurrency compliance, using powerful analytics to access the largest blockchain database. Our industry-leading blockchain analytics and AML tools are trusted to analyze and manage risk for all major exchanges and banks, as well as governments. Talk to the top RegTech in Blockchain Analytics or Crypto AML/CTF to solve your crypto compliance problems. Manage counterparty risk, review and escalate cases, and create an audit trail. With 270+ data points and risk checks, you can quickly gain an in-depth understanding of the entire transaction. This includes everything from financial crime to counterparty identification. You can check every transaction with our standard reports or use the enhanced reports if you need more information. Find and evaluate all addresses that are part of a multi-input-output transaction using blockchain.
Learn more
BlocTrust
BlocTrust provides independent verification and assurance, as well as continuous awareness of the state of your blockchain for private and DLTs. BlocTrust acts as an endorsement node in a private blockchain network. It verifies and endorses blockchain transactions, provides assurance to all blockchain participants, and proves the legitimacy and accuracy of endorsed transactions. BlocTrust maintains a verified, independent ledger of all blockchain transactions. This authoritative record is essential for complying with audit requirements and following compliance mandates. BlocTrust is a comprehensive and impartial record that can be used to resolve disputes among Blockchain participants. BlocTrust produces monthly attestations which summarize the health and activity on the blockchain and display the operation metrics.
Learn more
CipherTrace
CipherTrace provides cryptocurrency AML compliance solutions to some of the most important banks, exchanges and other financial institutions around the world. This is due to its best-in class data attribution, analytics and proprietary clustering algorithms. It also covers more than 2,000 cryptocurrency entities, more than any other Blockchain analytics company. Protection against money laundering, illicit money service companies and virtual currency payment risk. Crypto AML compliance is made easier by knowing the transaction. Blockchain forensic tools are powerful and allow for investigations into criminal activity, fraud, or sanctions evasion. Visually trace the movements of funds. Monitor crypto businesses to ensure compliance with AML, evaluate KYC effectiveness, and audit their performance. The CipherTrace certified examiner training offers hands-on instruction on cryptocurrency tracing and blockchain.
Learn more
Integrations
No Integrations at this time
Company Details
Company:
LevelBlox
Year Founded:
2008
Headquarters:
United States
Website:
levelblox.com/veratrust/
Media
Recommended Products
The Fastest Observability Platform for IT, Apps, and Cloud | LogicMonitor
LogicMonitor’s SaaS-based observability platform empowers ITOps, developers, MSPs, and business leaders to monitor networks, applications, and cloud environments seamlessly. Gain full data center visibility, powerful dashboards, and flexible alerting to bridge the gap between tech and teams – all with AI-driven insights. Trusted by leading enterprises, LogicMonitor cuts troubleshooting time, boosts innovation, and delivers extraordinary employee and customer experiences. Transform IT operations with a solution built for modern businesses.
Product Details
Platforms
SaaS
Customer Support
Online
VeraTrust Features and Options
VeraTrust User Reviews
Write a Review- Previous
- Next