TÜV Saarland Certification has issued VeChain with the world’s first 5-Star-Rated Blockchain Service Certificate. Their certification acknowledges VeChain’s blockchain technology’s readiness and maturity, raising the profile and prestige of the network and certifying it as one of the preeminent front runners in the enterprise-level blockchain space.
As a renowned European certification body, TÜV Saarland is accredited by DAkkS, the national accreditation body for Germany’s Federal Republic. TÜV Saarland’s blockchain service certification methodology is based on established blockchain service evaluation standards and industry-leading expertise and experience within TÜV Saarland. This evaluation model and the system is held in such high regard that their blockchain certification model has been authorized for use by the Certification and Accreditation Administration of the People’s Republic of China (CNCA) in China.
The methodology applied by TÜV Saarland Shanghai included conducting strict audits around the blockchain-based services provided by VeChain, assessing elements such as technical scalability, network reliability, and practicality of application. In response to the strict requirements set forth by the body, VeChain had to demonstrate its regulatory abidance across jurisdictions and provide detailed reporting for TÜV Saarland, providing detailed insight into its blockchain services, including industrial blockchain applications, technical documents, business development plans, delivery of technological services, acceptance records and more.
VeChain has been certified as the first approved 5-Star Blockchain Service Provider under TÜV Saar’s notation with technical strength and market-proven blockchain use cases.
This certification uniquely positions VeChain’s blockchain technology in the enterprise and business world. In an industry where enterprises are hesitant to adopt emerging technologies, this certification would leapfrog our competitive advantage compared to other blockchain platforms. Ultimately, as we gather more recognition and trust, the VeChain ecosystem will thrive and lead to more usage and partnerships, directly contributing to our blockchain ecosystem’s value creation.
Thorsten Greiner, Managing Director of TÜV Saarland, said: “TÜV Saarland has an extremely professional certification team, with not only a deep understanding of blockchain technology but also rich field experience. TÜV Saarland’s certification standard aims to set an industry-level reference benchmark and help blockchain service providers improve their international market competitiveness. As the first company to receive the five-star service certification, VeChain has demonstrated its advantages and has the potential to bridge more large-scale enterprise digital systems or government projects.”
Sunny Lu, co-founder and CEO of VeChain, said, “Our strategic partners, PwC and DNV GL, have been offering professional compliance guidance for us to iterate blockchain technology and develop industrial blockchain applications for enterprise users. We are honored to be granted this certificate and look for ways to further improve our business world services. Faced with the impact of COVID-19, many decision-makers are seeking new business recovery capabilities and growth points, which can be effectively assisted by VeChain’s blockchain services.”