VCode tech pioneers VSTE could be 'as big as Google'
Manchester-based VCode technology pioneers VST Enterprises could be ‘as big as Google’ according to its CEO Louis-James Davis.
His hotly-tipped firm’s VCode technology can be scanned – like a barcode – to eliminate counterfeiting and fraud, or to relay other kinds of data.
Although based in Manchester, VSTE already has offices in London, New York, Reno, Hyderabad and Singapore.
Davis said: “We could be as big as a Google, for instance, because we’ve created something that nobody else can do correctly. And we’ve got the right contacts, and the right governments.
“And we’re getting massive contracts.”
Talking to BusinessCloud as part of a podcast on tech and property in Manchester, he explained the VCode in more detail.
“Within specialist devices we can get it down to microscopic levels, like a bank note, for instance. The whole design could be VCoded to prove that note is real," he said.
“But then it could be down to a consumer interaction just as someone can scan a football shirt to see if it’s real or not, or it could be content delivery.”
VCode is already being used to verify entitlement to benefits in India, as a method of payment for parking at 485,000 car park pay points across the UK, and to reduce fraud in the gaming industry.
Also speaking to BusinessCloud editor Chris Maguire in the podcast were Chris Bailey-Jones, offices manager for Moneysupermarket, Sam Routledge, CTO of Softcat, Jack Barmby, CEO at Gnatta and Stephen Downey, Corporate Director, GL Hearn.
You can listen to it in full in the video towards the top of this story.
Davis is appearing at BusinessCloud's talk on the future of Manchester's Digital Tech Scene on January 27.
Attendees will be given the opportunity to hear from some of the digital tech businesses and local entrepreneurial talent across the area, focusing on their journeys and their future growth aspirations.
Andrew said: “I’m hoping to meet potential clients that want to use our data to help them understand their customers better, as well as potential investors for our current fundraise round.”