Kazakhstani IT project gaining recognition in Silicon Valley wants to expand into global markets

TrustMe, an IT service developed in Kazakhstan, plans to expand its services worldwide, said the project’s CEO Chingiz Dauletbayev at a meeting with Kazakhstan’s cabinet members. Previously, the project was presented in Silicon Valley under the Hero Training acceleration program within other promising startups and attracted $1 million in investments from prominent venture investor Tim Draper.

TrustMe is a service designed for the instant signing of legal agreements via SMS, biometric verification and messengers such as WhatsApp, Telegram and eGov mobile. Documents signed with the service based on blockchain technologies are counterfeit-proof.

The project aims to enhance users’ confidence in the digital environment and improve transparency in communications between government bodies, businesses and citizens. The system minimizes bureaucratic procedures and lightens the workload of legal professionals.  

More than 2,000 companies in Kazakhstan and 200 in Uzbekistan, as well as businesses in some other countries, have used TrustMe over the past three years. The user count has surpassed 850,000, while the number of signed agreements has reached 1 million.

The company has set an ambitious goal of becoming Kazakhstan’s first domestically developed unicorn, a company valued at over $1 billion, and plans to enter the market of the U.S., Turkey, Gulf countries and Russia.

Under the Concept for Artificial Intelligence Development, Kazakhstan intends to establish five unicorns, increase its export of IT products to $5 billion and implement at least 25 AI-based solutions across different economic sectors annually by 2029.