Give users the trust to transact in collaborative consumption markets.

THE CHALLENGE

The collaborative consumption economy has gained notable traction in the past few years, with a number of individuals now sharing and selling assets like their cars, homes, and tools to complete strangers. The marketplaces facilitating these peer-to-peer interactions have struggled, however, to create widespread public trust in these collaborative ecosystems. While most people are “good”, protecting users from the outlying “bad actors” of the world is of utmost importance if users are to maintain trust in these collaborative consumption platforms.

Online reviews and profiles only go so far in bridging this trust gap, since reviews can be faked and online profiles rarely provide absolute proof of identity.  A number of notable and harrowing incidents over the years have illustrated the shortcoming in these collaborative consumption markets, and revealed a need for increased trust if they are to achieve widespread public acceptance.

Unfortunately, current identity verification tools are cumbersome, slow and expensive. It can take anywhere from a few days to a few weeks to get background results on a single individual. In short, modern verification tools have not kept pace with the speed of online innovation. Until now.

THE SOLUTION

Virtrue has developed VirtrueCheck, a prescreening tool that enables companies to instantly verify an applicant’s education and work history, making the process fast, scalable, and cost-effective. VirtrueCheck runs patent-pending algorithms on a cutting-edge blend of proprietary and social data to determine if a candidate’s claims about their education and work history are accurate.  The end product is a verified resume.

Peer-to-peer marketplaces using VirtrueCheck can expect:

• Lower barriers to new-user participation since anyone can become verified
• Increased peer-to-peer transactions from added trust
• Greater platform security and safety with verified identities
• Higher ASPs for transactions

• Instant verification of a user’s location, work and education history
• A virtual dashboard for easy viewing of user verifications
• Robust API for easy integration in the user onboarding process
• Email support

• Instant verification of a user’s location, work and education history
• A virtual dashboard for easy viewing of user verifications
• Robust API for easy integration in the user onboarding process
• Unlimited checks
• Phone support
• Full criminal history background checks