Verified by BLOCKS is a method of proving the authenticity of digital and real-world assets. It leverages the native data utility of the BLOCKS token, and the Blocks Data Standard, to immutably store verification data on-chain.
The verification process combines public and private information which is used to generate unique hash values. These hash values can be recreated by select partners via API to prove authenticity. The verification data is embedded within a BLOCKS transaction when tokens are sent to the smart contract address being verified.
BLOCKS verification provides benefits to projects and end users: • Increased customer confidence • Improved project transparency • Independent on-chain verification • Reduced fraud