ANDOVER, Mass. Y DUBAIUnited Arab Emirates, November 29, 2022 /PRNewswire/ — Abris.io today announced the launch of its new product Licit, a Web3 verification platform on Algorand.

Licit is a platform to verify all kinds of digital assets with the power of blockchain and artificial intelligence. You can verify documents, barcodes, provenance, counterfeits and everything digital. Licit is very easy to use and requires no knowledge of blockchain, cryptography or web3 technology. Any user can drag and drop, or take a photo of a digital asset, to verify its authenticity.

Licit is profitable: the metahash is stored for life on the blockchain at no additional cost. It’s also super fast: verifying any asset takes just a few seconds. In addition, it is environmentally friendly, having launched on Algorand, the world’s first major carbon negative blockchain in existence.

The use cases of this new platform are not limited to a single industry, but can be applied to virtually all verticals that generate digital data. For example, institutions can issue authenticated and tamper-evident educational certifications; organizations can scan and validate identity documents; brands can seamlessly prove the authenticity of items via QR codes on packaging; and more.

By leveraging next-generation technologies like blockchain and artificial intelligence, Licit counteracts existing issues with legacy systems, including redundancy, lack of privacy, and security risks. Legacy certification systems offer less security and privacy compared to Licit and are prone to manipulation. In addition, they are expensive to maintain and are not friendly to the environment. Blockchain addresses security risks and redundancy issues. Licit also has built-in Optical Character Recognition (OCR) AI, which can classify a document by reading only its metadata while keeping all other information private.

“As the world continues to move towards fully digital systems, data has truly become the new oil, representing incredible value,” he said. priya samant, CEO and co-founder of Abris.io. “This means that it is more important than ever to have easy and secure ways to be able to verify the authenticity of digital assets and the data they contain. We are excited to launch Licit to help bring verifiable credibility and authenticity to our digital future.”

For more information on Licit, a product under the umbrella of Abris, a Massachusetts company based, visit licitdoc.com

About Abris.io
Abris is an ambitious, innovative and forward-thinking Web3 company, bringing together creators from around the world to showcase their creativity as NFTs in an exclusive collection or feature in an Omni Store, empowering them to market their assets without limits. Abris also offers NFT as a Service to help artists, celebrities, galleries, non-profits, social impact initiatives and businesses to mint and sell their NFT drops and white label solutions to create NFT as utilities for vertical industries. Abris provides custom drops across multiple blockchains and supports payments via cryptocurrencies, FIAT currencies via credit/debit cards. At Abris, we are democratizing the world of NFTs by empowering and building a creative economy. https://www.abris.io/.

About Algorand
Founded by Turing Award-winning cryptographer Silvio MicaliAlgorand’s high-performance Layer 1 blockchain is unmatched in delivering fast, frictionless, and inclusive technologies for all. Algorand is reshaping every industry, from TradFi and DeFi to new builder economies and more. With an extraordinary commitment to interoperability and consistent delivery, its sustainable technology drives greater participation, transparency, and efficiency for all. As the technology of choice for more than 2,000 global organizations, the Algorand ecosystem is transforming the next generation of financial products, protocols, and value exchange. For more information, visit www.algorand.com.

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SOURCE Algorand