Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Top Stories > VERIDOC LAUNCHES BLOCKCHAIN VERIFICATION TECHNOLOGY

VERIDOC LAUNCHES BLOCKCHAIN VERIFICATION TECHNOLOGY

Published by Gbaf News

Posted on March 28, 2017

3 min read

Last updated: January 21, 2026

Men's skincare products including moisturizers and creams - Global Banking & Finance Review — An overview of men's skincare products, highlighting key items like moisturizers and creams, reflecting the growth of the $13 Bn market by 2029. This image relates to the increasing demand for men's personal care in the finance and banking industry.

Forged documents will be a thing of the past with the launch of VeriDoc Limited, an Australian start up that authenticates documents by allowing third parties to inspect the original source using blockchain technology.

According to VeriDoc’s Joint Managing Director Mr Steve Chant this technology is a global first.

“It was our own experience in business that led to the development of the product. We have all questioned the authenticity of a document, whether it be a university transcript or group certificate. Up until now there was no simple way of accurately checking a document.”

VeriDoc is an anti-fraud document verification system that ensures the user is looking at a true and correct document created by the issuer.

The cryptographically signed ‘VeriDoc’ is verified with a digital imprint being stored permanently on a public blockchain network.

“We had a simple problem to solve however we embarked on a complex journey in the development of our product. With cryptographic information stored inside the QR, the document owner places the code onto the document before it is printed or electronically distributed.

“VeriDoc cryptographically signs the document and not only stores an encrypted version but places the signature into a public permanent-record blockchain. The blockchain therefore creates a public trust anchor because of its permanency and transparency.”

Using any third party QR reader, users can verify the authenticity of a VeriDoc document instantly.

“Individuals or businesses can easily compare the original document with the version they have received,” Mr Chant concluded.

The QR code and associated signature information in blockchain can never be altered therefore it ensures a document’s content is protected. With experts predicting the application for this technology to grow, VeriDoc is currently targeting academic institutions, banks and government agencies.

Forged documents will be a thing of the past with the launch of VeriDoc Limited, an Australian start up that authenticates documents by allowing third parties to inspect the original source using blockchain technology.

According to VeriDoc’s Joint Managing Director Mr Steve Chant this technology is a global first.

“It was our own experience in business that led to the development of the product. We have all questioned the authenticity of a document, whether it be a university transcript or group certificate. Up until now there was no simple way of accurately checking a document.”

VeriDoc is an anti-fraud document verification system that ensures the user is looking at a true and correct document created by the issuer.

The cryptographically signed ‘VeriDoc’ is verified with a digital imprint being stored permanently on a public blockchain network.

“We had a simple problem to solve however we embarked on a complex journey in the development of our product. With cryptographic information stored inside the QR, the document owner places the code onto the document before it is printed or electronically distributed.

“VeriDoc cryptographically signs the document and not only stores an encrypted version but places the signature into a public permanent-record blockchain. The blockchain therefore creates a public trust anchor because of its permanency and transparency.”

Using any third party QR reader, users can verify the authenticity of a VeriDoc document instantly.

“Individuals or businesses can easily compare the original document with the version they have received,” Mr Chant concluded.

The QR code and associated signature information in blockchain can never be altered therefore it ensures a document’s content is protected. With experts predicting the application for this technology to grow, VeriDoc is currently targeting academic institutions, banks and government agencies.