Veritaseum is a platform that utilizes smart contracts and the blockchain to create peer-to-peer capital markets. By providing superior exchange and financial services to its users, Veritaseum makes it easy for the non-technical interact with the blockchain on the smart contract level. It eliminates the need for third-parties such as banks and brokers, which also eliminates much of the cost of traditional financial systems since it removes the need for these middlemen to be paid. No one other than the parties involved in the transaction can control the transaction; everything must follow the smart contract’s terms. Veritaseum plans to introduce new technology such as peer-to-peer letters of credit and value trading. VeritaseumCoin (VER or VERI) is the token that can be used for means of access, payment and contract creation on the Veritaseum blockchain.