VIPS Finstock issues blockchain certificates in collaboration with LegitDoc

VIPS Finstock is a digital asset exchange with a native token called VIPS Token. It was founded in January 2022 and allowed users to trade and stake their digital money.

LegitDoc is an innovative and revolutionary blockchain-based platform that redefines digital document standards. Using the Polygon blockchain, LegitDoc has formulated a way to issue verifiable and tamper-proof digital certificates for multiple purposes.

The Government of Maharashtra has used LegitDoc digital document technology to issue diplomas and caste certificates. And they have published around 1 lakh blockchain based diploma certificates to the students of the state.

It has been found that VIPS Finstock was apparently the first exchange to contact LegitDoc.

In cooperation with LegitDoc, VIPS Finstock is ready to assign/issue blockchain certificates. Each of them will be polygon-based since LegitDoc is a dApp built on the Polygon blockchain. It has been revealed by VIPS officials that verifiable blockchain certificates will be issued to the first buyers of NFTs on the VIPS Finstock exchange, educators on their FinstockLearn platform and the VIPS Finstock Ambassador.

These blockchain-based virtual certificates not only provide confirmation of the information provided in it. Moreover, they also provide complete privacy and are also verifiable. But at the same time, it guarantees that there is no chance that the data can be hacked or bribed because it is created using cryptography.

As observed, the live link to distribute blockchain certificates is only available on the VIPS Token website as of now. But sources have whispered that it will soon be live on the VIPS Finstock exchange and the FinstockLearn website.

When asked, VIPS Finstock senior officials stated that they had been in discussions with Neil Martis, co-founder and CEO of LegitDoc, for a long time. Additionally, Mr. Santosh Khute, Co-Founder and COO of VIPS Finstock, stated that his goal behind the partnership was: ‘LegitDoc is reforming the way certificates are viewed, whether paperback or digital. And we wanted to seize the opportunity. With a mind to explore all the tools, LegitDoc has to offer and give recognition to people with a verifiable certificate that actually has value in today’s world. With that, we also want to cover success stories and let sapiens keep at it throughout their lives and beyond.’

The main reason behind partnering with LegitDoc was to offer its customers satisfaction and to provide them with tamper-proof and verifiable digital documents, the first of their kind. Along with that, VIPS Finstock intends to actually bring the use of LegitDoc technology to real life by issuing their first NFT users a blockchain-based certificate, thus giving them validation in the market.

When asked by VIPS Finstock, it was revealed that these digital documents are basically for first-time buyers of NFTs because NFTs are unique and have a certain value. Maintaining a record was another reason for it.

These digital certificates will not only ensure that a particular NFT belongs to a specific person but will also ensure that no one can change the same. Once received, these documents cannot be edited because they are built on the blockchain.

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