Verady’s Vision for Asset Audits and Verification

November 21, 2017
Knowledge Center » News » Verady’s Vision for Asset Audits and Verification

Bitcoin Magazine

The rise of bitcoin along with other cryptocurrencies represents a watershed moment for the world of digital innovation.

But the growth in the market capitalization and complexity of these assets has spawned the need for an “assurance service” that provides auditing, verification, monitoring and reporting around them.

Verady, LLC, a company with a stellar track record in delivering these services to the Bitcoin market for several years, is now extending and launching a public-facing network platform to fill this growing need across all blockchain asset classes.

Established in October 2016 as a startup company based in Atlanta, Georgia, Verady’s strategic path was paved by way of discussions and research from the blockchain regulatory software company Coinpliance and its clients.

Coinpliance was founded in 2013 and successfully serviced the Bitcoin marketplace until the sale of its processing service to a major client. The founders of Coinpliance later combined their experience and assets to form Verady.

Verady’s two co-founders, Kell Canty and Nathan Eppinger, are both computer science graduates from Georgia Tech. Their combination of common backgrounds with differing experience levels and perspectives have led to a unique profile for the company.

“I’m a technologist by heart and have a computer science degree from the Georgia Institute of Technology,” said Canty. “I’ve co-founded multiple fintech startups, including a market-leading real-time credit and risk assessment company that was acquired into Fair Isaac Corporation.”

Canty initially became aware of Bitcoin through his interest in payments and computer science in 2012. Later, he became intrigued by the concept for a Bitcoin regulatory software company. This led to the founding of Coinpliance in 2013. Later, he and Eppinger reconnected to establish Verady for the purpose of addressing the world of blockchain asset assurance.

As CEO of Verady, Canty leads product direction and business development efforts, while Eppinger serves as the CTO.

When asked what emerging trends are currently informing the strategic direction Verady, Canty indicated the following:

  • The amazing rate of growth in terms of both the value and diversity of blockchain-based cryptocurrencies and tokenized assets
  • The lack of tools and services to address traditional industry standards regarding accounting, auditing and verification of blockchain assets
  • Gaps from a regulatory standpoint, particularly in the area of taxation

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