VST Enterprises, Ltd. was a cybertechnology company based in Manchester and New York founded by Louis-James Davis. In 2017 the company was valued at £234 million based on inbound investments.
It operated in more than 16 countries in which it could use its VCode system to provide secure financial transactions, virtual mobile wallet payments, and secure identification and authentication. It launched a subsidiary in Pakistan in June 2020 with Shaz Sulaman and Ajaz Sulaman. The VCode is like a circular QR Code.
It had a contract with the Zimbabwe government to use its technology to tackle
illegal mining
Illegal mining is mining activity that is undertaken without state permission, in particular in absence of land rights, mining licenses, and exploration or mineral transportation permits.
Illegal mining can be a subsistence activity, as is the cas ...
, counterfeiting and issues with border control, as well as introducing identity cards and tax collection for informal businesses. Louis-James Davis was appointed Science & Technology Ambassador for the country by President Emerson Mnangagwa at the World Economic Forum in Switzerland.
In May 2020 it was reported to be in discussions with
NHSX
NHSX is a United Kingdom Government unit with responsibility for setting national policy and developing best practice for National Health Service (NHS) technology, digital and data, including data sharing and transparency.
It was established in ...
and the
Home Office about using its VCode technology with the V-Health Passport, url=https://v-health.com , .
In June 2020
Richard Caborn
Richard George Caborn (born 6 October 1943) is a British politician who served as Minister of Sport from 2001 to 2007 and later as the prime minister's ambassador for England's 2018 FIFA World Cup bid. He previously served as a junior minister ...
, the former sports minister, reported that the firm was involved in designing the V-Health Passport being considered by ministers and the
Premier League
The Premier League (legal name: The Football Association Premier League Limited) is the highest level of the men's English football league system. Contested by 20 clubs, it operates on a system of promotion and relegation with the English Foo ...
to see if the digital passport would allow fans to start coming back to football matches.
The company went into administration in 2022 after its parent company Davis Co. Holdings, owned by Louis-James Davis withdrew funding.
In September 2022, the assets of the company were bought by a Davis Co. Holdings subsidiary.
Louis-James Davis is the current CEO of Nova Wallet (a financial technology company) and is continuing to deliver keynote talks on VCode and how it can be used within cyber security, digital identity and financial inclusion globally.
References
Companies based in Manchester
Software companies of England
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