Modern digital transformation has made data a key asset in our data-driven economy, but most of the data is trapped in proprietary silos. Enterprise data sharing is the need of the hour to protect user privacy abuse, increase business profits and enhance user experience and create new lead business model. VeriSmart is a blockchain-based data exchange platform that enables businesses to exchange their data with each other in a privacy-compliant manner, helping enterprises retain data ownership and protect their users from third party data abuse. VeriSmart platform tracks who shared what data with whom, when, by what means & for what purpose, without storing any user data on the platform. The platform helps businesses to create a recurring revenue model by monetizing their data with other enterprises and third parties on a subscription basis.