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What is VeraTrust?

The main driving force behind SAM audits is the pursuit of financial profit, with vendors seeking to derive 30% of their earnings from these annual assessments. As a result, the number of audits has surged, supported by a Gartner survey revealing that 66% of organizations have faced audit requests. VeraTrust provides an extensive visual overview of the licensing environment, complemented by audit reports that aid in reconciliation, evaluation, and SAM self-assessments. In addition to merely executing audits, this methodology empowers businesses to reclaim control over their software assets and transform inefficiencies into creative solutions. VeraTrust's implementation of a blockchain-based system allows for precise tracking of software license assets between clients and vendors, significantly reducing audit disputes and compliance issues. This blockchain access not only improves the clarity of the licensing framework but also facilitates the creation of comprehensive audit reports for meticulous evaluation and self-review. By adopting this strategy, organizations can prevent the emergence of unexpected hard audits from software vendors, promoting a more transparent and manageable landscape for software compliance. Furthermore, by emphasizing efficient license management, companies can redirect their efforts towards maximizing their software investments, ultimately fostering an environment conducive to growth and innovation while navigating the complexities of the software landscape.

What is Chainproof?

Chainproof, founded in 2022 as a compliant and regulated provider of decentralized finance insurance, emerged from an initiative led by Quantstamp, a leader in blockchain security and auditing. This innovative platform focuses on delivering insurance for smart contracts specifically designed for institutional investors, which notably lowers expenses for professional validators. In addition to reducing costs, Chainproof also offers audit coverage for DeFi protocols, creating a more secure investment landscape. By prioritizing safety and compliance, Chainproof aims to enhance trust in the decentralized finance ecosystem.

Media

Media

No images available

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Not specified

Training Options

Documentation Hub

Company Facts

Organization Name

LevelBlox

Date Founded

2008

Company Location

United States

Company Website

levelblox.com/veratrust/

Company Facts

Organization Name

Chainproof Digital Asset Insurance

Date Founded

2021

Company Location

Bermuda

Company Website

www.chainproof.co

Categories and Features

Blockchain

Not specified

Categories and Features

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