Newark, California – September 30, 2021 – The Silicon Valley Business Journal has awarded its “Bay Area Inno Under 25 2021 Award”. “TransCrypts” and its Founder, Zain Zaidi, have been recognized for this coveted award. Recognition by leaders of the business community is a reward for hard work and accomplishments that stand out above and beyond others in the same business sector.
Documents stored online can be hacked and privacy can easily be compromised, as is evident by all of the huge data hacks. Zain Zaidi has ushered in a new paradigm in document security. He has brilliantly incorporated the Blockchain into the “TransCrypts” platform.
During a recent interview, Zain made these comments, “The Blockchain is a decentralized ledger that cannot be altered. The reason we use it here at TransCrypts, is because it gives employees the opportunity to share their data in a way that can be instantaneously verified. All the while, maintaining industry leading privacy and security. The potential for this is in a lot of different applications.”
He goes on to say, “We don’t want people’s medical records to get leaked on the Internet. This would be a lot more secure and safe. Verifying information is a painstaking process that is expensive, time consuming, and prone to error. Powered by our patent-pending blockchain solution, TransCrypts gives users ownership over their own verified information all while automating the process for organizations saving them billions in unnecessary friction.”
Under Zain Zaidi’s leadership, “TransCrypts” has experienced exponential growth despite being a startup in this difficult economic time. The company reports that they now have 45 Beta customers, including Zoom, Urban Outfitters and Spirit Airlines. They also have completed a successful seed round of an $8 million valuation, which will help them expand its team and platform. TransCrypts earned the 1st Place Finish in the Silicon Valley Business Plan Competition and its $10,000 Grand Prize.
For complete information, visit: https://www.transcrypts.com/