Vechain receives TUV Saarland Certification as five star rated blockchain

TÜV Saarland Certification (hereafter referred to as "TÜV Saarland") has issued VeChain with the world's first 5-Star-Rated Blockchain Service Certificate. Their certification acknowledges the readiness and maturity of VeChain's blockchain technology, raising the profile and prestige of the network and certifying it as one of the preeminent front runners in the enterprise-level blockchain space.

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 a detailed insight in to its blockchain services, including industrial blockchain applications, technical documents, business development plans, delivery of technological services, acceptance records and more.

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 the value creation of our blockchain ecosystem.

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 competitiveness in the international market. 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 honoured to be granted this certificate and will be looking for ways to further improve our services in the business world. 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."