Business verification

Business verification ensures that other network participants know they're interacting with official representatives and smart contracts on chain. This helps to reduce the risk of impersonation and misleading customers.

Verifying a business

Property 1=building

To be verified, businesses need to prove they are an incorporated entity to a network accredited issuer. Note that only company directors/office holders can apply on behalf of a business and they must have already set up a personal account on Redbelly.

Applying directors/office holders must supply the following details to their chosen network accredited issuer:

  1. The applicant's full name
  2. Redbelly public address of the person registering the business
  3. Business incorporated name
  4. Registered business address
  5. The list of (registered) public addresses for any authorised representatives the business wants to initialise the business smart contract with.
  6. A declaration of whether the applying entity is the beneficial owner of the assets it is managing

Once verified, directors/office holders will then be able to manage the business’s identity on chain, and formally associate smart contract addresses to the business so that it is clear to users whether a particular smart contract they are interacting with is officially associated with the business.

Verify your business

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Averer business verification

Averer is an accredited network issuer and will need to verify your business before creating an on-chain record used to prove the business's legitimacy.

Before beginning the business verification process, please note:

  • Only company directors or officeholders can apply to register their business on the network.
  • The individual applying MUST be a registered user on the network first. Get network access first if you haven't done so already.