https://medium.com/vey-io/introducing-vey-d2a2e12991fc

Introducing Vey - Paid Surveys (and Vasks) on the Blockchain.

Hello and welcome! The time has finally arrived. With great pride, we are excited to announce our decentralized application, Vey. A huge thank you goes out to our friends from around the world who have helped shape our vision over the past six months.

Taking Paid Surveys Online
Websites that offer a “quick and easy” payday on the internet have been attracting curious web surfers and broke college students for decades. Typically, these paydays involve participating in a multitude of surveys. But, as anyone who has taken these surveys can attest, the process is neither quick nor easy. More importantly, there is nothing fair about it.

Today’s survey industry is plagued by ambiguity and greed. There are many aspects which raise concern:

Companies control arbitrary payouts with high, built-in fees (third party).
Payments are in redeemable points with ever-changing rewards.
There is no transparency in how sensitive data is handled.
Data from unverified participants lacks credibility.
There are substantial limitations on withdrawals.
These issues can be eradicated with the help of blockchain technology.

What Is Vey?
Vey is a near-term, decentralized application that will create a more efficient, profitable and secure environment for both consumers and vendors. Taking online surveys will become a fair exchange, where survey creators and participants hold significantly more power than third parties. Microscopic fees, on a per-survey basis, will put more earnings into the hands of survey takers.

The role of our platform, in its simplest form, is to match people with the most profitable surveys available to them. Creators will have complete control over who takes their survey, and how much it pays. On the flip side, participants will have complete ownership over their earnings. This is in stark contrast to the current model.

More Than A Solution
Vey will breathe new life into the antiquated, multibillion dollar online survey industry. Advanced tools will allow surveys to integrate various forms of media, alternate “smart” questions, and real-time analysis. With our API, survey data will be able to be seamlessly implemented into software.

Survey participants will have their identities verified through a secure, blockchain-based, third party identification platform, while still retaining security and anonymity. This allows for survey creators to have the utmost trust in their research. “Verified Anonymity”, as we refer to it, is unheard of across the online survey industry. There will be more information regarding participant verification in the weeks to come.

Ensuring security for both participants and creators is the primary focus of our “transparency from the ground-up” approach to building the platform. Vey will never have access to the confidential information given in any survey. Each survey is a transaction powered by smart contracts, where only the two involved parties have access to the data.

It is clear that the blockchain revolution is slowly but steadily disrupting and modernizing every major industry. Online surveys are no exception. The cryptocurrency community has waited far too long for a decentralized solution to online surveys. Vey is that solution.

Moving Forward
This blog will serve as the primary source for official announcements and updates about Vey. Don’t forget to follow us on social media! We are looking forward to documenting this journey and bringing our startup to life.

Stay tuned for important updates in the near future! Thanks

Sincerely,

The Vey Team

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